Federal Reserve governor Michelle Bowman said that she would prefer only gradual future easing of the central bank’s interest-rate policy.
Board members of Colombia's central bank are expected to opt for a smaller rate cut when they meet on Friday on uncertainty around inflation, the nation's fiscal situation and policy moves by the U.S.
The Federal Reserve will almost certainly begin 2025 by keeping interest rates on hold at between 4.25 to 4.5 per cent.
Thailand's economic growth may falter at under 2.9% this year after a weaker-than-expected fourth quarter despite a vaunted government cash handout aimed at firing up sluggish growth, the central bank chief said on Thursday.
Central bank policymakers are widely expected to stand pat on interest rates. Investors await further details from Fed Chair Jerome Powell’s press conference.
For example, central bank independence seems to go hand-in-hand with lower inflation when the rule of law is strong. But, in the absence of rule of law, the relationship breaks down. Perhaps well-governed countries tend to produce well-run central banks, regardless of de jure independence.
The Reserve Bank of India's $5 billion dollar/rupee buy-sell swap auction on Friday is likely to see strong demand from lenders and corporate treasuries, six bankers said.
The European Central Bank is widely expected to cut interest rates for the fifth time since it began easing monetary policy.
But in some instances, traders must deliver physical gold to fulfill some of their futures contracts. Fears around Trump’s rhetoric have accordingly sparked an influx of gold to the U.S. in case monetary metals become subject to tariffs.
The bank’s monetary policy committee increased the benchmark rate by a full percentage point to 13.25%.
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