Central banking
Bank of England’s Bailey says UK can’t avoid U.S. tariff impact — even if it’s not in the direct firing line
Andrew Bailey, Governor of the Bank Of England, pauses before the start of the Monetary Policy Report press conference at the Bank Of England on February 6, 2025 in London, England. Kin Cheung – WPA Pool | Getty Images News | Getty Images Even if the U.K. is not the “direct recipient” of potential tariffs […]
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India likely to cut benchmark rates for the first time in nearly five years as economy slows, inflation eases
The newly appointed Reserve Bank of India (RBI) governor Sanjay Malhotra leaves after addressing a press conference, in Mumbai on December 11, 2024. Indranil Mukherjee | Afp | Getty Images India’s central bank will likely cut benchmark interest rates in its policy meeting that’s underway, as easing inflation offers it room to stimulate a faltering […]
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Bank of England to resume rate cuts with outlook complicated by tax hikes and Trump tariffs
The Bank of England is widely expected to cut interest rates on Thursday, amid a complex backdrop of a tepid domestic growth outlook, an upcoming hike in taxes paid by businesses and U.S. President Donald Trump’s market-rattling tariff threats. As of Wednesday morning, Money markets were pricing in a 98% probability of a quarter-point rate […]
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World’s demand for gold hit another record high last year; appetite for bullion in 2025 remains firm
“In 2024, global gold demand surged to a new quarterly high and a record annual total bolstered by heightened geopolitical and economic uncertainties,” said Shaokai Fan, global head of central banks at the World Gold Council. Shannon Stapleton | Reuters The world’s demand for gold hit another record high in 2024 amid robust central bank […]
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Watch: ECB President Christine Lagarde speaks after rate decision
[The stream is slated to start at 8:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision. Follow CNBC’s ECB live blog here. The European Central Bank announced a 25-basis-point […]
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European Central Bank set to trim interest rates for fifth time since June
The European Central Bank is widely expected to announce yet another interest rate cut on Thursday, in what would be the fifth reduction since the central bank began easing monetary policy in June last year. Markets were last pricing in an over 90% chance of a 25-basis-point cut on Thursday, which would bring the ECB’s […]
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Fed holds rates steady, takes less confident view on inflation
Key Points The Federal Reserve left unchanged its overnight borrowing rate in a range between 4.25%-4.5%. The decision followed three straight cuts since September 2024. The post-meeting statement offered a somewhat more optimistic view on the labor market while dropping a key reference from the December statement that inflation “has made progress toward” the Fed’s […]
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European Central Bank to cut rates again with Trump threat and U.S. divergence in focus
The European Central Bank is widely expected to kick off its 2025 meetings with another interest rate cut on Thursday, as traders aim to gauge how far the central bank is willing to diverge from a stalled Federal Reserve. Money markets on Wednesday were pricing in 35 basis points worth of rate cuts for the […]
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Bank of Japan hikes policy rates by 25 basis points to highest since 2008
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 The Bank of Japan hiked rates by 25 basis points Friday […]
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Singapore eases monetary policy for the first time since 2020, warns of growth slowdown
The Monetary Authority of Singapore building in Singapore. Wei Leng Tay | Bloomberg | Getty Images Singapore on Friday loosened its monetary policy for the first time since 2020, citing a faster than expected decline in inflation and warning about a growth slowdown. The Monetary Authority of Singapore said it would slightly reduce the slope […]
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