South Korea potential growth rate estimated around 2%, central bank says
SEOUL (Reuters) – South Korea’s potential economic growth rate is estimated to have fallen to around 2% and is projected to fall further below 1% by the late 2040s due…
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Bank of Japan keeps rates steady, expects inflation to pick up in 2025
Investing.com– The Bank of Japan kept interest rates unchanged in a nearly unanimous decision on Thursday, as policymakers remained cautious over Japan’s economic outlook and the path of inflation. The…
BOJ keeps rates steady by 8-1 vote, board member Tamura dissents
TOKYO (Reuters) – The Bank of Japan kept interest rates steady on Thursday, underscoring policymakers’ preference to spend more time scrutinising whether wage hikes will broaden and keep inflation durably…
South Korean won hits 15-year low as hawkish Fed, domestic politics weigh
By Jihoon Lee and Yena Park SEOUL (Reuters) -The South Korean won dropped to its weakest level in 15 years on Thursday, weighed down by risk-averse sentiment after the U.S.…
Dollar charges ahead on hawkish Fed outlook, yen awaits BOJ
By Rae Wee SINGAPORE (Reuters) – The dollar flirted with a two-year peak on Thursday after the Federal Reserve signalled a slower pace of rate cuts in 2025, while the…
Morgan Stanley no longer sees Jan rate cut after hawkish Fed meeting
Investing.com– Morgan Stanley (NYSE:MS) expects the Federal Reserve to cut interest rates by a smaller margin in the coming year, with the central bank also expected to delay future cuts…
Trump, not yet in office, already a figure in global economic policy
By Dan Burns and Howard Schneider WASHINGTON (Reuters) – The world’s economic reckoning with the incoming administration of U.S. President-elect Donald Trump began in earnest this week, with some Federal…
Bank of England to keep rates steady as price pressures linger
By David Milliken LONDON (Reuters) – The Bank of England looks set to hold interest rates at 4.75% on Thursday, despite signs of a slowing economy, as persistent inflation pressures…
Hong Kong central bank cuts interest rate, tracking Fed move
HONG KONG (Reuters) – The Hong Kong Monetary Authority (HKMA) on Thursday cut its base interest rate charged via the overnight discount window by 25 basis points to 4.75%, tracking…
Fed lowers rates but sees fewer cuts next year due to stubbornly high inflation
By Howard Schneider, Ann Saphir WASHINGTON (Reuters) -The U.S. central bank lowered interest rates on Wednesday, but Federal Reserve Chair Jerome Powell said more reductions in borrowing costs hinge on…