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Central Banks

Norges Bank Holds Steady, But First Rate Cut Nears

Norway's central bank, Norges Bank, has held its key policy rate at 4.5%, signaling its commitment to cooling inflation, but also hinting at an impending shift towards monetary policy easing, reports the Wall Street Journal. The decision aligns with a recent Wall Street Journal poll. The 4.

South Korea's Potential Growth Rate Plummets to Around 2%, Warns Central Bank

South Korea's potential for economic growth is dwindling, according to a report released Thursday by the Bank of Korea (BOK), which attributes the decline to a lack of innovation and inefficient resource allocation. Reuters reports that the central bank estimates the potential growth rate, defined as the maximum

China's Central Bank Steps Up Yuan Support After Fed Move

China's central bank has stepped in to support the yuan after the US Federal Reserve's latest interest rate decision sent the dollar soaring, reports Nikkei Asia. The People's Bank of China (PBOC) set the yuan's reference rate at 7.1911 per dollar

Bank of England Expected to Keep Interest Rates Steady

The Bank of England is widely anticipated to maintain interest rates at their current level of 4.75% at a meeting later today, reports the BBC. This decision comes despite inflation rising for the second consecutive month to 2.6% in the year to November, exceeding the Bank's

Bank of Japan Stands Pat, Keeping Rates Unchanged

The Bank of Japan (BOJ) on Thursday opted to keep its accommodative monetary policy unchanged, maintaining its key policy rate at 0.25% for the third consecutive meeting, reports Nikkei Asia. The decision, while expected, comes as the Japanese economy shows uneven performance and consumer inflation signals a potential cooling

Fed Cuts Rates But Signals Caution as Trump Uncertainty Looms

The Federal Reserve cut interest rates on Wednesday, as widely expected, but Chair Jerome Powell indicated that further reductions in borrowing costs will be more cautious going forward, signaling a new era of uncertainty under the incoming Trump administration, reports Reuters. Powell's emphasis on a more measured approach

Indonesia and Thailand to Keep Rates Steady This Week: Bloomberg

The central banks of Indonesia and Thailand, Southeast Asia's two largest economies, are expected to maintain current interest rates this week, reports Bloomberg. The decisions come as Indonesia grapples with a weakening rupiah and Thailand's central bank prioritizes economic growth. In Indonesia, where the rupiah fell

Hungary's New Central Bank Chief Vows Independence, Sticks to Inflation Target

Hungary's incoming central bank governor, Finance Minister Mihaly Varga, has pledged to maintain the institution's independence and uphold the current inflation target of 3%, according to a parliamentary confirmation hearing on Monday, reports Bloomberg. This comes as investors closely watch for potential government influence on monetary

Russia's Central Bank Faces Inflation Battle as Rate Hike Looms

Russia's central bank is expected to implement a significant interest rate hike this week as inflation continues to plague the war-torn economy, reports CNBC. The move comes as the consumer price index (CPI) reached 8.9% in November, up from 8.5% in October, driven primarily by rising

Fed's Shifting Course on Interest Rates

Federal Reserve Chair Jerome Powell finds himself navigating a complex landscape as he prepares for the central bank's potential interest rate cut this week. Following two consecutive rate reductions in September and November, Powell faces internal dissent and a fluctuating economic outlook that necessitate a careful approach. "