Tag: “Central Banks”

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.

US Federal Reserve chair Jay Powell said the central bank had made “considerable progress” in its mission to beat back inflation but sought “more good data” before cutting interest rates from their 23-year high.

Federal Reserve Bank of New York President John Williams said that while inflation has cooled recently toward the Fed’s 2% target, policymakers are still some distance from their goal.

Federal Reserve officials at their June meeting indicated that inflation is moving in the right direction but not quickly enough for them to lower interest rates.

The Federal Reserve said Wednesday that the biggest banks operating in the U.S. would be able to withstand a severe recession scenario while maintaining their ability to lend to consumers and corporations.

The Bank of Japan debated in June the chance of a near-term interest rate hike with one policymaker calling for an increase “without too much delay” to address risks of inflation overshooting expectations, a meeting summary showed on Monday.

The Bank of England left interest rates unchanged as expected on Thursday. It followed the Federal Reserve’s strategy of gathering more evidence that inflation is under control before cutting.

The Swiss National Bank trimmed its key interest rate by 25 basis points to 1.25% in its second cut of the year.

Ratings agency Fitch no longer expects China to cut its policy rate this year, and has pushed back its expectations for a reduction to next year as the U.S. Federal Reserve keeps its interest rates high.

Minneapolis Federal Reserve President Neel Kashkari on Sunday said it’s a “reasonable prediction” that the U.S. central bank will cut interest rates once this year, waiting until December to do it.

The Bank of Japan kept its benchmark interest rate unchanged on Friday, but indicated it’s considering the reduction of its purchase of Japanese government bonds.