Swiss National Bank (SNB) Chairman Martin Schlegel reaffirmed Thursday that while the central bank does not favor negative interest rates, they remain effective and could be reintroduced if necessary."At the current juncture we cannot exclude negative interests rates in the future," Schlegel...
BlackRock's 2025 Global Outlook, published on Wednesday, predicts that US inflationary pressures will remain elevated due to factors like rising geopolitical fragmentation, significant investments in AI infrastructure, and the low-carbon transition.
"We also think an aging workforce could start to...
The People's Bank of China (PBoC) came through on the announcement it made earlier this week, by cutting both the amount of cash that commercial banks have to have on hand, known as the reserve requirement ratio (RRR), and its 7-day reverse repurchase rate on Friday.
The PBoC cut the...
US mortgage rates fell to their lowest level since May 2023, offering potential relief to the US housing market, Freddie Mac reported on Thursday.
According to the corporation, the country's average 30-year fixed mortgage rate decreased by a quarter percentage point to 6.47%, the largest...
The dollar managed to hold most of its overnight gains against the yen in the Asian trading session on Thursday, as traders look forward to Friday’s U.S. jobs data in hopes of pointing them towards the Federal Reserve's next move.
The USD/JPY pair traded at ¥103.6705 up 0.16% (9:21 a.m. CET), after...
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