Page 4 - Rate Cuts

ECB to cut rates, stay receptive to further easing amid growth concerns

With the euro zone suffering through an industrial recession and weak consumption, the case for a cut is so clear that none of the ECB's 26 policymakers have publicly pushed back

Pakistan's central bank cuts key interest rate by 100 basis points to 12%

Pakistan's economy grew 0.92 per cent in the first quarter of fiscal 2024-25 which ends in June, according to data approved by the National Accounts Committee, released by its Statistics Bureau in Dec

Rate cut alone may not boost growth, economists tell RBI top brass

Say durable liquidity infusion needed to reinvigorate economy; bank CEOs to meet RBI officials today

Rate cut alone not sufficient, economists tell RBI

Bank CEOs to meet for pre-policy talk on Monday

Stock Market Close Highlights: Sensex sheds 330 pts, Nifty ends at 23,092; Smallcap shares bleed

Stock Market LIVE on Friday January 24, 2025: At 6:56 AM, GIFT Nifty futures were trading 33 points higher at 23,297, indicating a higher start for the bourses

US inflation likely remained sticky-high last month, threatening rate cuts

US inflation probably worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much this year. On Wednesday the Labour Department is expected to report that in December the consumer price index rose 2.8% from a year ago, according to economists surveyed by FactSet, up from a 2.7% yearly increase in November. It would be the third straight rise, after inflation fell to a 3 1/2 year low of 2.4% in September. The uptick could fuel ongoing concerns among many economists and in financial markets that inflation has gotten stuck above the Fed's 2% target. Such concerns have sent interest rates on Treasury securities higher, which has also pushed up borrowing costs for mortgages, cars, and credit cards, even as the Fed has cut its key rate. Last Friday's unexpectedly strong jobs report caused stock and bond prices to plunge on fears that a healthy economy could keep inflation

Rupee slide raises doubts over rate cuts in February, analysts caution

The weaker currency could add to elevated inflation through costlier imports, while a cut in interest rates could dampen already tepid capital flows

GST Council to decide on insurance premium tax; major rate rejig unlikely

The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, but a decision on big-ticket rate rationalisation, including a higher tax on sin goods, may be deferred. The GoM on GST rate rationalisation had proposed rate rejigs in 148 items in its recommendations, but sources said that consensus is needed to be built on some of the tax changes that the panel has suggested and some more time may be needed for that. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is also likely to deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold. The GST rate is also proposed to be cut on food delivery platforms like Swiggy and Zomato, to 5 per cent (without input tax credit), from the current 18 per cent (with ITC). However, the Fitment Committee (comprising tax

Fed's rate cuts reflect uncertainty amid Trump's tariff policies, inflation

Mr Powell brought to Wednesday's press conference details from 2018 Fed research that suggested looking past tariff-induced inflation

BOJ keeps rates steady; dissent signals potential tightening next year

As widely expected, the nine-member BOJ board voted 8-1 to keep its short-term policy rate unchanged at 0.25

Asian stocks dive after Fed flags slower rate cuts, BOJ decision awaited

Asian stocks have taken the cue from Wall Street, with MSCI's broadest index of Asia-Pacific shares outside Japan down 1 per cent

Market Today: GIFT Nifty sinks; Dow Jones bleeds on Fed rate cut; DAM IPO

The central bank delivered its 3rd consecutive rate cut but signaled a slowdown in future reductions, leaving investors wary. The Fed trimmed its benchmark interest rate by a widely anticipated 25 bps

The 24 hours of rate cuts that end year of global central-bank easing

By Friday, 22 central banks accounting for two-fifths of the global economy will have set borrowing cost

Economists expect 25-basis point rate cut by RBI MPC in February meeting

Nomura economists have suggested that they expect a 25 bps rate cut in February, marking a belated policy pivot, and 100 bps in total cuts in this easing cycle

ECB likely to cut rates while weighing US trade concerns and France's chaos

With US President-elect Donald Trump threatening new tariffs and political chaos engulfing France, the European Union's second largest economy, the question ahead of the European Central Bank meeting Thursday is not whether it will cut interest rates, but by how much. Analysts see a quarter-point rate cut from the current ECB benchmark rate of 3.25% as the most likely option when the bank's rate-setting council meets at its skyscraper headquarters in Frankfurt. But the prospect of a half-point cut isn't out of the question for the bank and its President Christine Lagarde as new risks that emerged since the bank's last meeting on October 17 cast a shadow over an already tepid recovery from a post-pandemic stagnation. Trump's election victory on Nov. 5 heightened the prospect of a more protectionist U.S. trade policy, such as new or higher tariffs on imported goods, after he takes office on Jan. 20. That sends a cold chill through the business world in Europe, where exports are an ...

Q2 GDP growth at 5.4%: RBI rate cut in December? Unlikely, say experts

Bond yields fall 6 bps post GDP numbers

Piyush Goyal wants RBI to cut rates, questions food inflation-driven policy

RBI's Monetary Policy Committee has kept the repo rate at 6.5% since February 2023. Retail inflation hit a 14-month high in October

Jerome Powell signals readiness to defy Trump in Federal Reserve's defence

The comments, just two days after Trump's re-election, portend the power struggle that may lie ahead between the central bank and a president who insists he should have a say on interest-rate policy

Market today: Fed rate cut; Swiggy, ACME IPO last day; Sagility allotment

Wall Street closed at record levels on Thursday, after the US Fed cut interest rate by 25 bps. Announcements regarding more stimulus measure from China, quarterly results, and macroeconomic data to be

Trump's win in US elections wreaks havoc on global rate-cut expectations

The election tremors were felt in Europe, too - particularly in the east, which fears reduced US support for Ukraine as it tries to fend of Russian forces