Why economists see the UK cutting interest rates more substantially
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 …
Central banking
Bank of Korea cuts 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 …
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 …
New Zealand central bank slashes rates by 50 basis points in second straight rate cut
A security guard stands in the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. David Gray | Reuters New Zealand’s …
Sterling plunges 1% after Bank of England governor’s comments on rates
Andrew Bailey, Governor of the Bank of England, gestures as he addresses the media during a press conference at the Bank of England in London on Aug. 1, 2024. Alberto …
Yen plunges but currency experts not rethinking Japan’s rate policy
Japanese 10,000 yen banknotes arranged in Tokyo, Japan, on Saturday, Oct. 7, 2023. Shoko Takayasu, Bloomberg | Bloomberg | Getty Images Despite dovish comments from Japanese Prime Minister Shigeru Ishiba …
Swiss central bank cuts rates by a quarter point in third trim this year
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | Reuters The Swiss National Bank on …
Bank of Japan board members split over monetary policy path, meeting minutes show
A guide sign reading “Bank of Japan” is seen in Tokyo on July 31, 2024. Kazuhiro Nogi | Afp | Getty Images Bank of Japan board members are split over …
Fed Governor Bowman explains dissent on rate vote, says she’s worried about inflation
US Federal Reserve Governor Michelle Bowman attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images …
Fed’s jumbo rate cut puts the U.S. on track for soft landing
U.S. Federal Reserve Chair Jerome Powell holds a press conference in Washington, D.C., on Sept. 18, 2024. Mandel Ngan | AFP | Getty Images The Federal Reserve’s move to lower …