Global central banks are weighing when they can reverse the era of tight money
Illustration: Shoshana Gordon/Axiosinflationon Thursday and the Bank of Canada on Wednesday to cut rates put them distinctly out of step with the U.S. Federal Reserve , which is set to leave rates unchanged at a policy meeting next week.
"We need data to confirm we're on the disinflationary path," Lagarde said. The ECB rate cut came alongside new projections that raised forecasts for inflation this year and next. Bank of Canada governor Tiff Macklem acknowledged that there is a limit to how much its policy can diverge from the Fed. "I don't think we're close to that limit," Macklem said at a press conference Wednesday.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
European Central Bank Cuts Interest Rates As Timing Of Fed’s First Cut LoomsDerek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.
Baca lebih lajut »
European Central Bank cuts interest rates for the first time since 2019Jenni Reid is a general news reporter for CNBC International.
Baca lebih lajut »
European Central Bank set to cut rates for the first time since 2019It will mark the official end to the record fast-hiking cycle that begun after the Covid-19 pandemic as inflation soared higher.
Baca lebih lajut »
European Central Bank set to cut rates for the first time since 2019It will mark the official end to the record fast-hiking cycle that begun after the Covid-19 pandemic as inflation soared higher.
Baca lebih lajut »
The time is ripe to cut interest rates next week, European Central Bank's Rehn says'Thanks to this disinflationary process ... the time is thus ripe in June to ease the monetary policy stance and start cutting rates,' the ECB's Olli Rehn said.
Baca lebih lajut »
European markets higher on more earnings reports; Sweden's central bank cuts ratesEuropean markets were higher Wednesday as investors digested more earnings reports in the region.
Baca lebih lajut »