Tag: “Central Banks”

The Bank of Japan kept its benchmark interest rate steady at “around 0.25%” — the highest rate since 2008 — at the conclusion of a two-day meeting Friday. 

China on Friday kept its main benchmark lending rates unchanged at the monthly fixing.

The U.S. central bank on Wednesday kicked off an anticipated series of interest rate cuts with a larger-than-usual half-percentage-point reduction that Federal Reserve Chair Jerome Powell said was meant to show policymakers’ commitment to sustaining a low unemployment rate now that inflation has eased.

The Bank of England on Thursday said it would hold interest rates steady following its initial cut in August, even after the U.S. Federal Reserve opted for a jumbo rate cut the day before.

«Η Ελλάδα, ως κράτος-μέλος μιας νομισματικής ένωσης που με τις προτάσεις Ντράγκι θα αρχίσει σταδιακά να αποκτά και ισχυρότερα χαρακτηριστικά μιας Οικονομικής Ένωσης, μιας τραπεζικής ένωσης, μιας ένωσης κεφαλαιαγορών και μιας δημοσιονομικής ένωσης, αναμφισβήτητα θα ωφεληθεί», τονίζει χαρακτηριστικά.

The European Central Bank should almost certainly wait until December before cutting interest rates again to be certain it is not making a policy mistake in easing too quickly, ECB Governing Council member Peter Kazimir said on Monday

The ECB lowered its deposit rate by 25 basis points to 3.50% in a widely telegraphed move, following up on a similar cut in June as inflation is now within striking distance of its 2% target and the domestic economy is skirting a recession.

The European Central Bank is expected to trim borrowing costs again on Thursday as its focus continues to shift from damping inflation to supporting the bloc’s faltering economy.

Bank of Japan will continue to raise interest rates if inflation moves in line with its forecast

China’s central bank said it bought special government bonds from primary dealers on Thursday, its first such bond purchase in nearly two years, reviving speculation it is preparing to intervene in the domestic debt market.

Federal Reserve Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or extent.

The Fed has held its benchmark overnight borrowing rate in a range between 5.25%-5.5% since July 2023 as it tackles a lingering inflation problem. Markets briefly rebelled after the July Fed meeting when officials signaled they still had not seen enough evidence to start bringing down rates.

“Several” top Federal Reserve officials were ready to cut interest rates in July and most believed a reduction next month is justified in light of slowing inflation and a weakening jobs market, new documents show.

The European Central Bank may need to cut interest rates again in September given persistent economic weakness, Finnish central bank chief Olli Rehn said on Monday.

Δεν αποκλείεται ο κίνδυνος να επιβραδυνθεί ο πληθωρισμός κάτω από τον στόχο του 2% σε μεσοπρόθεσμο επίπεδο, καθώς λόγω των νέων ενδείξεων ασθενούς οικονομικής δραστηριότητας και του υψηλού επιπέδου αβεβαιότητας.

The Bank of England on Thursday delivered its first interest rate cut in more than four years, taking the key rate to 5%.

American Airlines cut its annual profit forecast on Thursday as uneven demand trends and overcapacity in certain markets dampened the carrier’s pricing power, sending its shares down 8% in premarket trading.

China surprised markets by cutting major short and long-term interest rates on Monday, its first such broad move since August last year, signalling intent to boost growth in the world’s second-largest economy just days after a Communist Party leadership meeting.

«H νομισματική πολιτική θα παραμείνει περιοριστική για κάποιο χρονικό διάστημα», δήλωσε ο διοικητής της Τράπεζας της Ελλάδος Γιάννης Στουρνάρας μιλώντας στο Brussels Hellenic Network, Argo, προς τιμήν των νέων Μελών του Ευρωπαϊκού Κοινοβουλίου Ελλάδας και Κύπρου στις 10 Ιουλίου.

The European Central Bank left interest rates unchanged on Thursday, after implementing a cut in June.