CEO Bank of America Brian Moynihan Predicts No Interest Rate Cuts in 2023

Bank of America CEO Brian Moynihan expressed confidence that there will be no cuts in interest rates in the current year of 2023. During a recent interview, he noted that the economic environment in the country remains challenging, and it is expected that the Central Bank will continue to adhere to a tight monetary policy. According to him, rising inflation and complicated supply chains leave little basis for lowering rates in the near future.

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