Federal Reserve in No Rush to Reach Neutral Interest Rate, Says Jerome Powell
The Chair of the U.S. Federal Reserve, Jerome Powell, recently stated that the central bank is not in a rush to reach the neutral interest rate, which is deemed the optimal level to stimulate the economy without overheating it. In a meeting with reporters, he explained that the Fed's approach is aimed at maintaining economic stability rather than hastily achieving specific targets.
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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.
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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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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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The Federal Reserve Cuts Rates by Half a Point in a Decisive Move to Defend the Economy
In a historic decision, the Federal Reserve of the United States has lowered its key interest rate by half a point in response to growing economic threats. This rate cut comes as a reaction to the slowing economic growth that raises serious concerns among financial analysts and experts discussing the impact of global changes on the country’s economic stability.
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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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Bank of England Warns of Settlement Risks in Currency Markets
The Bank of England (BoE) has issued a warning that significant settlement risks exist within the unstable currency markets, which could adversely affect financial stability. An analysis conducted by the central bank indicates that currency exchange rate volatility has increased, prompting companies and financial institutions to reassess their risk management strategies and approaches.
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The Swiss National Bank Should Distribute Profits Directly to Citizens, Study Says
According to recent data, the Swiss National Bank (SNB) should start distributing its profits directly to citizens, as proposed by a new study. This suggestion aims to help reduce social inequality and support the economic stability of the country. The research argues that this step could improve the standard of living in Switzerland, particularly for those living on the edge of poverty.
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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).
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France's New Strategy: Renewable Energy Must Support Power Grid Stability
In a significant statement, the head of the French electricity grid operator RTE, Xavier Piehl, emphasized the need to integrate renewable energy sources into the overall electricity supply structure of the country. According to Piehl, the increasing share of renewables in generation requires a careful approach to load balancing within the grid, as their unpredictability can pose risks to system stability.
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