The Monetary Policy Committee (MPC) of the Bank of England (BoE) has voted 8-1 to maintain the benchmark interest rate at 5.25%, aligning with the predictions of financial analysts. At today’s meeting, eight members of the MPC advocated for keeping the BoE’s interest rates unchanged at 5.25%, while one member proposed a reduction by 0.25% […]
Bank of England Holds Interest Rates Steady at 5.25% as Expected Read More »
In a surprising move, the Turkish Central Bank has announced a significant increase in the policy interest rate, raising it by 5% to 50% during today’s meeting. This decision stands in contrast to the expectations of analysts, who had anticipated that the central bank would maintain interest rates unchanged ahead of the national election scheduled
Bank of Türkiye Raises Interest Rates to 50% in Effort to Tackle Inflation Read More »
As anticipated by analysts, the Norwegian Central Bank opted to keep the policy interest rate unchanged at 4.50% during its meeting held today (March 21). The decision aligns with expectations, with the central bank signaling a potential decrease in interest rates starting in the fall. In a statement following the meeting, the Bank of Norway
Bank of Norway Maintains Interest Rates at 4.50% in Expected Move Read More »
In a surprise move, the Taiwan Central Bank has announced an increase in the policy interest rate, raising it to 2% from the previous 1.875%. The decision comes amidst ongoing inflationary pressures faced by Taiwan’s economy and defies predictions made by analysts. The announcement marks the first interest rate hike since March of the previous
Taiwan Central Bank Raises Interest Rates to 2% Amid Inflationary Pressures Read More »
In an unexpected move, the Swiss National Bank (SNB) has announced a reduction in its policy interest rate by 0.25 percentage points to 1.50%. This decision came as a surprise to analysts, marking the first major central bank to ease its tight monetary policy aimed at curbing inflation. The rate cut decision, which defied expectations,
Swiss Central Bank Surprises Markets with Interest Rate Cut Read More »
The Hong Kong Monetary Authority (HKMA) announced today (March 21) that it would keep the policy interest rate unchanged at 5.75%, following the Federal Reserve (Fed)’s decision to maintain its policy interest rate at its meeting on Wednesday (March 20). In line with its usual practice, the HKMA conducts monetary policy in accordance with the
Bank of Hong Kong Maintains Policy Interest Rates, Aligning with Fed’s Decision Read More »
Brazil’s central bank announced a 0.50% reduction in its policy interest rate during its meeting on Wednesday (March 20), marking the sixth consecutive rate cut. However, the move also signaled a potential easing of its aggressive monetary policy stance post-May. The Monetary Policy Committee of the Central Bank of Brazil (COPOM) voted unanimously to lower
In its meeting today, the Federal Open Market Committee (FOMC) opted to keep short-term interest rates steady at 5.25-5.50%, in line with market expectations. This marks the highest level observed in over 23 years. The announcement of interest rate maintenance aligns with market forecasts and extends a streak of five consecutive rate freezes. This follows
Fed Maintains Interest Rates as Expected, Signals Three Rate Cuts This Year Read More »
The Central Bank of Indonesia (BI) has announced its decision to maintain the 7-day reverse repurchase rate, the policy interest rate, at 6% on March 20, aiming to stabilize the value of the Indonesian rupiah amidst recent market pressures. The decision comes as the Indonesian rupiah has encountered downward pressure in recent days, partly due
Bank of Indonesia Holds Policy Interest Rate at 6% to Bolster Rupiah Read More »
The International Monetary Fund (IMF) anticipates that New Zealand will embark on interest rate cuts this year as inflation signals a slowdown, contrary to the Reserve Bank of New Zealand’s (RBNZ) stance. According to the IMF’s economic review of New Zealand released on March 20, the easing of monetary policy by the RBNZ is expected
IMF Forecasts New Zealand Interest Rate Cuts Amidst Inflation Slowdown Read More »