South African Central Bank Set to Turn More Hawkish as it Cuts Rates
1 month, 3 weeks ago

South African Central Bank Set to Turn More Hawkish as it Cuts Rates

Live Mint  

-- The South African Reserve Bank is set to lower borrowing costs by another frugal 25 basis points on Thursday while warning that uncertainty around US monetary and trade policies may hinder future cuts. “Downside surprises to South African inflation, plus the fact that there are very little local inflationary pressures, will convince the bank to cut rates,” said Old Mutual Group’s Chief Economist Johann Els. The Federal Reserve’s decision to pause rate cuts on Wednesday to see further progress on inflation following a string of reductions last year and comments by Chair Jerome Powell that officials aren’t in a hurry to lower borrowing costs are also likely to make South African policymakers more circumspect. Kganyago is “going to come back like a soaring hawk,” said Investec Bank Ltd. Treasury Economist and Fixed Income Analyst Tertia Jacobs.

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History of this topic

Central banks turn more cautious on rate cuts
6 days, 9 hours ago

Central banks turn more cautious on rate cuts

Live Mint  

* Central bank easing meets global caution * BoE keeps rates steady, SNB cuts on Thursday * BOJ remains the G10 outlier By Yadarisa Shabong and Alun John March 20 - Big developed market central banks are turning cautious after a series of interest rate cuts and as uncertainty in global economics and politics grows. Here's a look at where …

European Central Bank cuts interest rates as chief Christine Lagarde warns of 'huge uncertainty'
2 weeks, 6 days ago

European Central Bank cuts interest rates as chief Christine Lagarde warns of 'huge uncertainty'

Firstpost  

The central bank for the 20 countries that use the euro has pivoted from hiking rates to tackle inflation, which surged with Russia’s invasion of Ukraine, to lowering them to boost the eurozone’s floundering economy ECB President Christine Lagarde acknowledged that big changes were underway in Europe. Source: AFP European Central Bank chief Christine Lagarde warned Thursday the eurozone faces …

Inflation eases to 2.4% in Europe, supporting likely central bank rate cut
3 weeks, 2 days ago

Inflation eases to 2.4% in Europe, supporting likely central bank rate cut

Associated Press  

FRANKFURT, Germany — Inflation in Europe eased to an annual 2.4% in February, supporting the case for another interest rate cut from the European Central Bank - but leaving open how far the central bank will go in lowering borrowing costs for an economy that’s still struggling to show robust growth. The February figure for the 20 countries that use …

Fed leaves rates unchanged, sees no hurry to cut again
Trending News
1 month, 3 weeks ago

Fed leaves rates unchanged, sees no hurry to cut again

Live Mint  

* US central bank leaves policy rate in 4.25%-4.50% range * Officials still waiting for clarity on Trump policies * 'We do not need to be in a hurry,' Powell says By Howard Schneider, Michael S. Derby WASHINGTON, Jan 29 - The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell said there would …

BOK Vows to Be Flexible on Rate Cuts Amid Political Uncertainty
Trending News
2 months, 3 weeks ago

BOK Vows to Be Flexible on Rate Cuts Amid Political Uncertainty

Live Mint  

-- Bank of Korea Governor Rhee Chang-yong vowed to take a flexible approach to future interest rate cuts while closely monitoring risks in the face of increased political and economic uncertainty. “The household debt flow has stabilized due to strengthening of macro-prudential policies but if rate cuts continue, that could become a source of anxiety so we need to monitor …

Hawkish cut for Fed as 'foggy night' lies ahead: America's central bank slashes rates for third time this year
3 months, 1 week ago

Hawkish cut for Fed as 'foggy night' lies ahead: America's central bank slashes rates for third time this year

Daily Mail  

America’s central bank last night slashed interest rates for the third time this year but signalled that further cuts in 2025 will be slower than previously thought. The pre-Christmas boost for borrowers in the world’s biggest economy took rates down to a range of 4.25 to 4.5 per cent, a full percentage point lower than where they were in September. …

Chile Delivers Hawkish Interest Rate Cut That Raises Odds of a Pause to Easing
3 months, 1 week ago

Chile Delivers Hawkish Interest Rate Cut That Raises Odds of a Pause to Easing

Live Mint  

-- Chile’s central bank cut its key interest rate by a quarter point for the third meeting and delivered a stern warning on short-term inflation challenges, raising the odds of a coming pause to its easing cycle. “We interpret the decision as a ‘hawkish cut’ that signals the central bank will take some time to assess if macro conditions allow …

Africa Central Banks Expected to Cut
4 months ago

Africa Central Banks Expected to Cut

Bloomberg  

00:00 Yvonne, let's just talk, first of all, about the Trump effect and what that is going to have on African central banks. I mean, how big a reality is high inflation for the other countries as well, especially as we're watching inflation data today in South Africa? So if we're heading into an environment where interest rates remain higher …

European Central Bank poised to cut rates again as inflation drops below target
5 months, 1 week ago

European Central Bank poised to cut rates again as inflation drops below target

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The European Central Bank, which …

The Reserve Bank may already have pushed interest rates too high, so is hawkish warning mostly for show?
1 year, 1 month ago

The Reserve Bank may already have pushed interest rates too high, so is hawkish warning mostly for show?

ABC  

The Reserve Bank board's post-meeting statement was a short, sharp kick in the teeth to millions of Australians struggling with higher mortgage repayments. Reserve Bank governor Michele Bullock's response to a question on the outlook for interest rates kept to the script. Interest rates have done what they can A key reason why the RBA says it is still more …

Financial markets are jonesing for interest rate cuts. Not so fast, says the European Central Bank
1 year, 2 months ago

Financial markets are jonesing for interest rate cuts. Not so fast, says the European Central Bank

Associated Press  

FRANKFURT, Germany — European Central Bank President Christine Lagarde pushed back Thursday against market expectations for quick interest rate cuts even as Europe’s economy sputters and financial markets froth in hopes of cheaper credit that would boost business activity and stock prices. was that it was premature to discuss rate cuts.” Financial markets have been expecting a cut as early …

Is Nigeria’s surprise interest rate cut enough to boost economy?
4 years, 6 months ago

Is Nigeria’s surprise interest rate cut enough to boost economy?

Al Jazeera  

The Central Bank of Nigeria’s surprise interest-rate cut on concerns of a looming recession may be insufficient to boost growth in Africa’s largest economy. “Any policy that focuses on stimulating credit growth alone without a major revamp of the structural bottlenecks in the economy will do little to provide cheaper credit” to boost output, said Oluwasegun Akinwale, a research officer …

Reserve Bank leaves interest rates on hold but odds of cut soon remain high
5 years, 10 months ago

Reserve Bank leaves interest rates on hold but odds of cut soon remain high

ABC  

Despite a significant level of anticipation the Reserve Bank would cut interest rates this month, it has kept them on hold for the 30th consecutive meeting. Key points: The Reserve Bank's cash rate target remains on hold at a record low 1.5 per cent for the 30th meeting Markets are pricing in a greater-than-70 per cent chance of rates falling …

RBI likely to cut rates by 25 bps in June, says BofA-ML
5 years, 11 months ago

RBI likely to cut rates by 25 bps in June, says BofA-ML

Live Mint  

Mumbai: A foreign brokerage on Monday said the Reserve Bank will cut its key policy rates by another 25 basis points, after governor Shaktikanta Das' weekend speech focusing on ways to revive growth. "We now expect the monetary policy committee to cut rates by 0.25% to 5.75% on June 7," Bank of America Merrill Lynch said in a note. In …

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