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.
Continue reading
Indian Central Bank Tightens Scrutiny of Credit Activity
The Reserve Bank of India has decided to intensify its measures to control credit activity amid growing concerns over excessive borrowing. This decision is part of efforts to maintain financial stability and minimize risks related to a potential rise in loan defaults. The bank's monetary policy committee plans to closely monitor credit institutions as the country grapples with concerns about the sustainability of economic growth and possible negative consequences associated with rising debt.
Continue reading
Economists Bet on More Indonesia Easing After Rate-Cut Surprise
The recent decision by Indonesia's central bank to cut the interest rate by 25 basis points came as a surprise to many experts and sparked discussions about potential further easing of monetary policy. This decision was made in the context of slowing economic growth and uncertainty surrounding future inflation trends in the country.
Continue reading
Slovenian Central Bank Head Seeks Second Term
The head of the Bank of Slovenia, Bojan Vasle, has confirmed his intention to run for a second term in office. He has held this position since 2019 and has made significant contributions to the economic stability of the country and its financial system. Vasle emphasizes that his experience and knowledge will be beneficial in further strengthening the bank and its role within the European Central Bank (ECB).
Continue reading
Danish Central Bank Set to Cut Rate in Response to ECB Actions
The Danish central bank is poised to lower its key interest rate, as economists suggest, in order to align with anticipated changes from the European Central Bank (ECB) in the coming weeks. This decision is driven by the need to adapt to the economic conditions in the eurozone, where the ECB is likely to implement monetary easing measures to support a slowing economy.
Continue reading
UK Households Expect Rate Cuts for the First Time Since 2008
For the first time since 2008, UK households are beginning to anticipate cuts in interest rates. This marks a notable shift in financial sentiment, given the prolonged period of rate hikes in response to inflation and economic challenges. A survey conducted among the public shows that over 40% of respondents predict that the central bank will lower the base interest rate within the next 12 months. This expectation is linked to easing inflationary pressures and steady economic growth, allowing the central bank to consider monetary policy easing.
Continue reading
Brazil's Inflation Cools Before Next Week's Expected Key Rate Hike
Recent data shows that inflation in Brazil has significantly cooled, creating a calm backdrop ahead of the upcoming Central Bank meeting. According to the latest figures released on Monday, the country’s inflation has dropped to its lowest level in the last two years. Experts anticipate that this decrease will accelerate changes in monetary policy, with many predicting that the Central Bank will raise the key interest rate at its next meeting scheduled for next week.
Continue reading
Possible Changes in Hungary's Central Bank Leadership
The Prime Minister of Hungary, Viktor Orban, hinted that there might soon be a narrowing of the field of candidates for the position of the head of the country's Central Bank. In this context, he emphasized the necessity of prerequisites for restoring economic growth and stability amidst the current economic situation.
Continue reading
Spain Appoints Núñez as Deputy Governor of Central Bank
The Spanish government has announced the appointment of Pablo Núñez as the new deputy governor of the country's central bank. This decision was made public by the government spokesperson following a cabinet meeting. Núñez, who previously held the position of chief economist at the central bank, will carry out his duties under the guidance of the governor. His experience and knowledge in macroeconomics are expected to significantly benefit the management of Spain's monetary policy, particularly amid the current economic challenges facing the nation.
Continue reading
Central Bank Urges UBS to Increase Capital Levels for Financial Stability
The head of the Swiss National Bank (SNB) has stated that UBS should consider increasing its capital reserves. This warning was made in an interview published in the Swiss newspaper Neue Zürcher Zeitung (NZZ). This recommendation comes in light of recent challenges faced by the financial sector following the pandemic and various market turmoil.
Continue reading