Central banking
Larry Fink says the Fed won’t cut interest rates as much as markets expect this year
Andrew Ross Sorkin speaks with BlackRock CEO Larry Fink during the New York Times DealBook Summit in the Appel Room at the Jazz at Lincoln Center in New York City on Nov. 30, 2022. Michael M. Santiago | Getty Images The U.S. Federal Reserve won’t cut interest rates as much as markets expect because “embedded […]
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Japan’s central bank to remain undeterred on rate hikes despite LDP’s electoral shock, analysts say
Bank of Japan Governor Kazuo Ueda responds to questions during a Governors talk on Japanese inflation and monetary policy at the International Monetary Fund (IMF) and the World Bank Group 2024 Fall Meeting in Washington, U.S., October 23, 2024. Kaylee Greenlee Beal | Reuters Japan’s longtime ruling Liberal Democratic Party may have suffered an election […]
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Russia’s central bank raises key rate to 21% to rein in inflation
09 June 2024, Russia, Moskau: A guardhouse of the Kremlin (l) and the Foreign Ministry (M, background) stand in the center of the capital. Photo: Ulf Mauder/dpa (Photo by Ulf Mauder/picture alliance via Getty Images) Picture Alliance | Picture Alliance | Getty Images Russia’s central bank on Friday raised its key interest rate by 200 […]
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Another European Central Bank member says a jumbo cut is on the table
Mārtiņš Kazāks, governor of the Bank of Latvia and a member of the European Central Bank’s Governing Council, on Thursday weighed in on the possibility of a jumbo half-point interest rate cut for December. When asked for his views on a 50-basis rate cut by the ECB at its next meeting, he said that “everything […]
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South Korea’s economy barely grows in third quarter, missing expectations
Shoppers at the shopping street in Hongdae district in Seoul, South Korea, on Saturday, July 2, 2022. Woohae Cho | Bloomberg | Getty Images South Korea’s economy barely grew in the third quarter, missing market expectations, as consumer spending rebounded but exports fell. In the July-September quarter, gross domestic product expanded 0.1% from a quarter earlier on a […]
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European Central Bank policymakers split on the need for jumbo rate cuts as growth concerns take over
A cyclist drives along a road under a railway bridge near the headquarters of the European Central Bank (ECB) in Frankfurt am Main, western Germany, on July 18, 2024, ahead of an ECB press conference on the Eurozone’s monetary policy. Kirill Kudryavtsev | Afp | Getty Images Policymakers at the European Central Bank are split […]
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Economists see UK cutting interest rates more substantially as inflation pressures ease
Bank of England in the City of London on 8th October 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The U.K. is likely to see interest rates drop at a faster pace than previously expected, according to economists who flagged key data releases that indicated inflationary pressures are […]
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European Central Bank meets with third rate cut of the year expected
European stocks mixed, euro flat ahead of rate announcement Stock Chart IconStock chart icon Europe’s Stoxx 600 European stock markets were mixed at Thursday’s open, with the benchmark Stoxx 600 index eking out a 0.13% gain at 8:12 a.m. in London. Banks were the best-performing sector, up 0.75%. Germany’s DAX and France’s CAC 40 were […]
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Bank of Korea trims interest rates after holding for almost two years
Pedestrians crossing a road in front of the Bank of Korea headquarters in Seoul on July 13, 2022. South Korean economic growth unexpectedly picked up in the second quarter as strong consumption on eased Covid-19 restrictions offset poor exports, supporting the case for further central bank interest rate hikes. Jung Yeon-je | Afp | Getty […]
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Fed officials were divided on whether to cut rates by half a point in September, minutes show
WASHINGTON – Federal Reserve officials at their September meeting agreed to cut interest rates but were unsure how aggressive to get, ultimately deciding on a half percentage point move in an effort to balance confidence on inflation with worries over the labor market, according to minutes released Wednesday. The meeting summary detailed reasons that policymakers […]
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