Category: rates
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FOMC Cut Rates by 0.25% As Expected in November Decision
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The Fed cut its benchmark interest rate by 25 basis points to a target range of 4.50-4.75% at its November meeting, noting that inflation had “made progress” toward its goals. FOMC policy details: The target federal funds rate was lowered by 0.25% to a range of 4.50-4.75%. Adjusting the interest…
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Bank of England cuts rates to 4.75% as inflation cools and economic pressures ease
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The Bank of England cut interest rates by 25 basis points to 4.75%, its second cut this year as inflationary pressures begin to ease and economic data point to a slowdown in wage growth. The nine-member Monetary Policy Committee voted in favor of the cut, following a steady trend in…
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Federal Reserve is set to cut rates again while facing a hazy post-election outlook
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Breadcrumb links PMN BMN Business Article writer: Associated Press Christopher Rugaber Published on November 3, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. FILE – Federal Reserve Chairman Jerome Powell speaks during a news conference…
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Money market account rates today, November 1, 2024 (up to 5.05% APY return)
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Between March 2022 and July 2023, the Fed raised its benchmark interest rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed cut the federal funds rate by 50 basis points in September. So, deposit rates—including interest rates on money market accounts—began to…
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Ethereum Futures Show Signs of Optimism: Will Positive Funding Rates Drive a Breakout?
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Ethereum’s recent performance in the futures market has generated optimism among traders and analysts, according to Visions Shared by CryptoQuant Analyst “ShayanBTC”. As the second-largest cryptocurrency by market cap, Ethereum has received notable attention following a rise in funding rates – a metric used to measure the balance of demand…
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Ethereum Futures Show Signs of Optimism: Will Positive Funding Rates Drive a Breakout?
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Ethereum’s recent performance in the futures market has generated optimism among traders and analysts, according to Visions Shared by CryptoQuant Analyst “ShayanBTC”. As the second-largest cryptocurrency by market cap, Ethereum has received notable attention following a rise in funding rates – a metric used to measure the balance of demand…
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Bank of Japan Holds Rates, Hints at Potential December Move
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The Bank of Japan (BOJ) maintained its short-term interest rate target at 0.25% at its policy meeting today, while signaling increased confidence in the economic outlook that could pave the way for further monetary tightening as early as December. Link to the Bank of Japan’s official statement and economic outlook…
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Money market fund yields soften on falling rates
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Returns on popular money market funds (MMFs) fell as interest rates retreated from record levels, indicating lower returns from an asset class often sought by retail or individual investors. MMF is a type of mutual fund that invests in high-quality, short-term debt instruments, cash and cash equivalents. Although they are…
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BOC Cuts Rates by 50bps, Now Aims to Stick the Landing on Inflation Control
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As expected in our event guide, the The Bank of Canada (BOC) cut overnight interest rates by 50 basis points from 4.25% to 3.75%. In October. This is the fourth consecutive reduction in interest rates since June. In its statement, the central bank welcomed inflation reaching the 2% target and…
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UK interest rates ‘could fall as low as 2.75% in the next year’, Goldman Sachs predicts
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The Bank of England is expected to cut interest rates much faster than financial markets are currently anticipating, according to new forecasts from Goldman Sachs. The Wall Street investment bank expects the UK policy rate to fall to 2.75% by November 2025, driven by continued progress in the fight against…
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Analysts see more drops in base interest rates amid pressure on banks
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Analysts see the Central Bank of Kenya cutting key interest rates by at least 25 basis points before the end of the year due to low inflation rates and the need to stimulate flagging economic activity. The Monetary Policy Committee, the highest decision-making body at the Central Bank of Kuwait,…
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NCBA cuts lending rates as pressure mounts on banks
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NCBA Kenya has cut lending rates as lenders respond to the Central Bank of Kenya’s (CBK) move to cut its benchmark interest rate by the biggest margin since 2020. The bank said on Friday it would cut interest rates on new shilling-denominated loans to 16.91 percent from 17.5 percent. However,…
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Charting the Global Economy: ECB Lowers Rates as Inflation Wanes
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Breadcrumb links BMN Business The European Central Bank has cut interest rates for the third time this year as a rapid decline in inflation allows policymakers to provide support to the region’s faltering economy. Article writer: Bloomberg News Vince Juhl and Molly Smith Posted on October 19, 2024 • 3…
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ECB Cuts Rates in October, Signals Openness to Further Adjustments
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In a unanimous decision and as markets expected, ECB members cut key interest rates by 25 basis points as of October 23: the Deposit rate It is now down to 3.25% the Prime refinancing rate I will retreat to 3.40% the Marginal lending facility rate It will ease to 3.65%…
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RBNZ Slashes Rates by 50 bps, Signals Further Easing Ahead
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The Reserve Bank of New Zealand (RBNZ) has cut its official cash rate (OCR) by 50 basis points to 4.75%, marking a major shift in its monetary policy stance. The move, while widely expected by markets (as discussed in our events guide), underscores the central bank’s growing concerns about economic…
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ECB will probably cut rates in Oct on risk of too low inflation: Villeroy By Reuters
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FRANKFURT (Reuters) – The European Central Bank will likely cut interest rates on October 17 as economic growth weakens and that raises the risk that inflation will fall below its 2% target, French central bank President Francois Villeroy de Galhau told an Italian newspaper. The European Central Bank has cut…
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ECB Villeroy says Bank will quite probably cut rates in October, inflation undershoot risk
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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ECB Villeroy says Bank will quite probably cut rates in October, inflation undershoot risk
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…