ECB momentum for an October rate cut is looking unstoppable
AN INTEREST rate cut that European Central Bank (ECB) officials deemed unlikely just three weeks ago now seems a near certainty when they next set borrowing costs on Oct 17. Markedly…
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Rate cuts set gold on track for best quarter in eight years
GOLD prices were heading for their best quarter in more than eight years on Friday (Sep 27), having hit a series of record highs in recent sessions as the start of US monetary easing…
Federal Reserve’s Cook says she ‘wholeheartedly’ supported half-point rate cut
FEDERAL Reserve Governor Lisa Cook on Thursday endorsed the US central bank’s 50-basis-point interest-rate cut last week as a way to address increased “downside risks” to employment. “I…
Bank of Japan policymakers divided on future rate hike pace, July minutes show
BANK of Japan policymakers were divided on how quickly the central bank should raise interest rates further, minutes of the bank’s July meeting showed, highlighting uncertainty on the…
Gold prices hit record high over West Asia tensions, US Fed rate cut
2 min read Last Updated : Sep 24 2024 | 11:27 PM IST By Anjana Anil Gold rose 1% and hit a record high on Tuesday, building on its recent rally as West Asia tensions fed its safe-haven…
Australian central bank reforms stall as Greens demand rate cuts
SYDNEY (Reuters) - Long-delayed reforms to the Reserve Bank of Australia (RBA) faced a fresh setback on Monday as Greens lawmakers demanded the Labor government engineer a cut in interest…
Mexico City assembly OKs strongest rent control since the 1940s, limiting rises to inflation rate
MEXICO CITY (AP) — The legislature of Mexico City approved the most ambitious rent control law since the 1940s Thursday, limiting rent increases to the rate of inflation in the previous…
Price instability rocks Ethiopia as it reels from foreign exchange rate reforms
ADDIS ABABA, Ethiopia (AP) — The prices on the menu have been erased at a small hotel in a suburb of Ethiopia's capital. That was no mistake, the waiters said, as businesses in Addis Ababa…