Central banking
Here’s what we now know about the European Central Bank’s rate cut plans
The European Central Bank delivered an expected quarter-point interest rate cut this week — and alongside the announcement came several indications that rates will swiftly move even lower early next year. ECB President Christine Lagarde did note during her Thursday press conference that policymakers gathered in Frankfurt did not believe the fight against inflation is […]
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Yellen warns incoming Trump team against interfering with bank supervision
Treasury Secretary Janet Yellen speaks at the Council on Foreign Relations in New York City, U.S., October 17, 2024. Andrew Kelly | Reuters U.S. Treasury Secretary Janet Yellen on Friday urged the incoming Trump administration to refrain from interfering with what she called critically important appropriate regulation of American banks’ capital levels, liquidity and risk-taking. […]
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Swiss National Bank takes leap with 50-basis-point interest rate cut amid franc strength
The Swiss National Bank on Thursday cut its key interest rate by 50 basis points, exceeding expectations of a smaller trim amid an ongoing tussle with depressed inflation and a strong Swiss franc. The move takes the bank’s main rate to 0.5%. More than 85% of economists polled by Reuters had forecast the bank would […]
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India’s inflation slows from 14-month high, raising hopes of interest rate cut under new governor
A laborer loads consumer goods onto a supply cart at a wholesale market in Kolkata, India, on November 11, 2024. Nurphoto | Nurphoto | Getty Images India’s headline inflation softened from 14-month highs, coming in at 5.48% in November. The print was down from the 6.21% in October and was below the 5.53% expected by […]
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European Central Bank heads for last rate cut of year — but jumbo move seems off the table
The European Central Bank is heading for its final interest rate cut of the year on Thursday — and while the institution is expected to stick to a quarter rather than half-percentage-point trim, economists forecast that a faster pace of monetary loosening lies ahead. It will still be a crucial meeting to set guidance for […]
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Australia’s central bank ends 2024 with a dovish pivot, jolting markets
People walk past the Reserve Bank of Australia building in the central business district of Sydney on July 4, 2017. Saeed Khan | AFP | Getty Images Australia’s central bank held interest rates steady at its last meeting of the year but softened its hawkish tone by noting the board is gaining “some confidence” that […]
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Powell says he’s not worried about the Fed losing its independence under Trump
Key Points Fed Chair Jerome Powell said Wednesday he isn’t worried that President-elect Donald Trump will try to politicize the central bank once he takes office in January. There are safeguards in the congressional legislation that created the central bank that will help preserve it from political influences, he said during an appearance in New […]
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Watch live: Fed Chair Jerome Powell speaks at Dealbook conference
[The stream is slated to start at 1:40 om ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Wednesday at the New York Times DealBook conference. The appearances comes two weeks ahead of when the central bank will announce its decision on […]
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Bank of England warns of risks from rise in global trade barriers
Andrew Bailey, governor of the Bank of England (BOE), during the Monetary Policy Report news conference at the bank’s headquarters in the City of London, UK, on Thursday, Aug. 1, 2024. Bloomberg | Bloomberg | Getty Images The Bank of England warned on Friday that higher trade barriers could hit global growth and feed uncertainty […]
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Euro zone inflation climbs to 2.3% in November, meeting expectations
The stalls at the 590th Dresden Striezelmarkt are brightly lit at the opening. Sebastian Kahnert | Picture Alliance | Getty Images Annual euro zone inflation rose to 2.3% in November, statistics agency Eurostat said Friday, climbing back above the European Central Bank’s 2% target. Economists polled by Reuters had expected the 2.3% annual rate for […]
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