The Bank of Russia announced on Friday that it is keeping its key rates at 21%, reiterating that it will maintain monetary conditions as tight as necessary to return inflation to the 4% target in 2026. The inflation rate forecast for 2025 was unchanged from last month's meeting in the range between 7%...
United States President Donald Trump said prices have fallen across the board since he took office, except for interest rates."It's all coming down. The only thing that hasn't come down—but hasn't gone up much—is the interest rate," he said. Trump pointed to falling gasoline prices, saying, "One of the...
The People's Bank of China (PBoC) left the benchmark interest rates unchanged on Monday, in accordance with market expectations.The 1-year Loan Prime Rate (LPR) was kept at 3.1% while the 5-year LPR remained at 3.6%.PBoC's last policy adjustment came in October last year, when it lowered...
The European Central Bank (ECB) cut its key interest rates by 25 basis points on Thursday, bringing the rates on the deposit facility, the main refinancing operations and the marginal lending facility to 2.25%, 2.40% and 2.65% respectively. The ECB said the disinflation process is well on track...
The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it decided to raise its policy rate, or the one-week repo auction rate, from 42.5% to 46%.
"The decisiveness regarding tight monetary stance is strengthening the disinflation process through moderation in domestic...
United States President Donald Trump slammed Federal Reserve Chair Jerome Powell, saying he is "always too late and wrong" and insisting he should have cut interest rates "long ago." Trump also criticized Powell's speech yesterday, calling it a "complete mess." Powell warned that tariffs could...
The European Central Bank (ECB) looks set to cut interest rates yet again on Thursday as it faces a period of extreme economic uncertainty. Since the last monetary policy meeting, United States President Donald Trump imposed significant tariffs, then paused some. While the US and the European...
Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that she sees "a strong case" to maintain monetary policy steady "in order to balance the risks coming from further elevated inflation and a slowing labor market." In a speech at the Columbus Metropolitan Club,...
United States President Donald Trump said on Monday that the "slow-moving" Federal Reserve should cut interest rates, arguing that "there is no inflation" and that oil and food prices are down.Trump also claimed that the US is "bringing in billions of dollars a week" from tariffs that are already in...
Norges Bank decided on Thursday to keep its key policy rate unchanged at 4.5%, maintaining a restrictive stance to combat persistently high inflation. The central bank's Monetary Policy and Financial Stability Committee said the rate will likely be reduced later in 2025."Inflation has picked up and been...
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