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.
All eyes were on the Federal Reserve’s first policy update of the new year on Wednesday, but the Bank of Canada also drew its fair amount of attention.
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.
The European Union's sanctions on vessels transporting Russian grain, along with Turkey's wheat import ban, impacted Russian grain exports at the end of 2024, the country's central bank said on Thursday.
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.
Argentina's central bank cut its benchmark interest rate by 300 basis points to settle at 29%, it announced in a statement on Thursday, as inflation continues its downward path in South America's No.
The European Central Bank is widely expected to cut interest rates for the fifth time since it began easing monetary policy.
The bank’s monetary policy committee increased the benchmark rate by a full percentage point to 13.25%.
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