Norway Keeps Interest Rate Steady, Signaling Cuts Aren't Likely Until 2025
The Central Bank of Norway has decided to maintain its interest rate at 4.25%, announcing that any plans for cuts are not likely to materialize until 2025. This decision is driven by a desire to support economic stability in the country amid various market influences, including rising inflation and changing work conditions.
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Angola Keeps Key Interest Rate Unchanged Amid Easing Inflation
The Central Bank of Angola has decided to maintain its key interest rate at 18%. This decision comes as inflationary pressures in the country begin to ease, with August’s inflation rate recorded at 11.2%, slightly down from 11.5% in July. Annual inflation is moving away from the peak of 13.3% reached in May of this year.
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Brazil's Central Bank Raises Interest Rate to 10.75% Amid Hot Economic Growth
On September 18, 2024, Brazil took a significant step in its monetary policy by raising the interest rate to 10.75%. The country's central bank made this decision in response to signs of strong economic growth, which they believe could lead to inflation. The rate was increased by 0.25% and is now at its highest level since 2016. This rise is mainly attributed to the need to control rising prices and ensure the stability of the financial system.
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Federal Reserve Creates Policy Space in Global Economy
The Federal Reserve of the United States (Fed) is opening new opportunities for monetary policy both domestically and internationally. The latest Fed meeting concluded with interest rates remaining unchanged, providing central banks in other countries with greater maneuvering space. This decision was made against the backdrop of increasing global instability and economic uncertainty.
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Turkey's Central Bank Delays Rate Cuts Amidst Uncertain Economic Conditions
In Turkey, the central bank responsible for monetary policy appears to be delaying a decision on lowering interest rates, awaiting more convincing evidence of stability in the economy. Despite pressure from the government and dissatisfaction from businesses, central bank officials believe that the current conditions do not allow for actions such as cutting interest rates. This perspective has emerged amid ongoing inflation, currency instability, and other economic indicators that present contradictory signals.
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Europe Shows Wariness to Jump Onto Fed's Big Cut Bandwagon
Recently, Europe has exhibited a cautious attitude towards changes in monetary policy, particularly regarding the potential lowering of interest rates by the Federal Reserve. Since the Fed started discussing alterations to its policy, numerous questions and concerns have emerged within European economic circles. Many analysts and economists are predicting that the Fed's decision to lower rates could trigger a ripple effect in the global economy, yet Europe is demonstrating prudence.
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Colombian government initiates significant changes in the central bank
Colombia is set to undergo major changes in the management structure of its central bank as part of the new government's strategic plan. President Gustavo Petro aims to move away from outdated approaches that he believes are failing to address the current economic development challenges in the country.
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Evercore Expert Expects Significant Fed Rate Cut
Edward Hyman, head of investment firm Evercore, made a sensational statement predicting that the U.S. Federal Reserve (Fed) will not only reduce interest rates but will do so at a pace that will shock many analysts. Hyman stated that he would be shocked if the cut does not amount to at least half a percentage point. This news comes amid rising market expectations for a easing of monetary policy due to slowing economic growth and record inflation rates.
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Brazil Braces for Hawkish Central Bank Chief Just as Fed Readies Rate Cuts
Brazil is currently awaiting the appointment of a new Central Bank head who is expected to adopt a more hawkish monetary policy. Rafael Huan is set to conclude his term and hand the reins to a candidate appointed three times by President Luiz Inácio Lula da Silva. The impending changes come as the U.S. Federal Reserve prepares to lower interest rates, creating a tense and uncertain atmosphere in Brazil's financial markets.
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Brazil Raises GDP and Inflation Forecasts Ahead of Rate Decision
The Brazilian authorities have successfully upgraded their forecasts for gross domestic product (GDP) growth and inflation, coinciding with the anticipation of an important interest rate decision from the country's Central Bank. According to the latest report, GDP growth is expected to reach 2% in 2024, exceeding previous estimates, along with a small uptick in inflation levels.
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