Veronica Clark, a US economist at Citi Research, anticipates that the Federal Reserve will lower interest rates by 50 basis points during its December meeting. She shared these insights during her appearance on "Bloomberg The Close."
Argentina's central bank has lowered its benchmark interest rate for the first time in nearly six months. This move comes as President Javier Milei manages a slowdown in inflation in the country’s crisis-prone economy.
Brazil’s real has faced extended losses after Finance Minister Fernando Haddad declined to confirm details on potential government spending cuts. He expressed uncertainty about the figures reported by local newspapers, stating he didn't know their origin.
India's central bank Governor Shaktikanta Das has rejected a proposal from a senior government adviser to exclude volatile food prices from inflation targets. Das emphasized that removing food prices from inflation calculations would not benefit ordinary consumers, underscoring the importance of keeping a realistic view of inflation that includes essential items.
European Central Bank President Christine Lagarde has urged policymakers to start discussions earlier on weeks when interest rate decisions are scheduled. This move aims to streamline the decision-making process, according to sources familiar with her plans.
 "Federal Reserve anticipates gradual rate cuts as inflation slows, but uncertainty looms over future economic conditions and job market stability.")
Federal Reserve Chair Jerome Powell stated that the U.S. economy is seeing slow but steady progress in reducing inflation, which could lead to further interest rate cuts. Speaking at a conference in Nashville, Powell emphasized that disinflation is becoming more widespread and indicated that the Fed’s target inflation rate of 2% is within reach. He ...
 "India’s economy surged to an 8.2% growth in FY24, but the RBI faces inflation challenges ahead of potential rate cuts.")
India’s economy is showing remarkable resilience, with a growth rate of 8.2% recorded in FY24. S&P Global Ratings has kept its GDP growth forecast for FY25 at 6.8%, acknowledging that the Reserve Bank of India may reduce interest rates as early as October due to moderated urban demand. The Indian government’s focus on fiscal consolidation ...
 "RBI Governor Shaktikanta Das remains firm on rates amid food inflation, as new MPC members prepare for a critical meeting.")
RBI Governor Shaktikanta Das has decided to keep interest rates unchanged, and this decision is influenced by rising food inflation and slow progress on reducing overall prices. The upcoming Monetary Policy Committee (MPC) meeting in October is particularly important because it comes at a time when many global central banks are lowering rates. This meeting ...
 "India scrapped minimum export prices on key commodities, aiming to boost farmer incomes and curb inflation before crucial elections.")
The Indian government recently made significant changes to its export policies to stabilize farm prices and manage inflation ahead of upcoming state elections in Haryana, Jharkhand, Jammu & Kashmir, and Maharashtra. Notably, the minimum export price on onions was eliminated, dropping from $550 per tonne. Additionally, the export duty on onions was reduced from 40% ...
Reserve Bank of India Governor Shaktikanta Das has raised concerns about the potential risks banks face due to stress in the global commercial real estate sector. In a recent speech at the Future of Finance Forum in Singapore, he warned that liquidity issues could arise, particularly for banks with high commercial real estate loans. He ...
