10/28/2023 0 Comments Facebook take a break undoIn Europe, ECB President Christine Lagarde was adamant last week that further hikes for the 20-country euro zone could not be ruled out. They held the Fed's benchmark rate at 5.25per cent-5.50per cent but stressed they would remain tough in an inflation fight they now see lasting into 2026. Federal Reserve policymakers had a similar message on Wednesday. "We will need to keep interest rates high enough for long enough to ensure that we get the job done," Bank of England Governor Andrew Bailey said on Thursday after policymakers narrowly decided to hold its main interest rate at 5.25per cent. Their task is to convince financial markets not to undo their work with bets on early rate cuts, and to watch for new risks such as rising oil prices - while hoping governments help with budgets that do not further fuel inflation. Federal Reserve, European Central Bank and the Bank of England, as well as being echoed by monetary policy-makers from Oslo to Taipei.įor central bankers first chastised for being late to spot the post-pandemic surge in inflation and then cautioned for overdoing their response, the prize of returning the global economy to stable prices without recession is now within sight. The so-called "higher for longer" mantra is now the official stance of the U.S. ![]() Try rebooting your PC and signing into Facebook with another browser when this happens.Central banks for the world's biggest economies have served notice that they will keep interest rates as high as needed to tame inflation, even as two years of unprecedented global policy tightening reaches a peak. Chances are that you have a problem with your browser or internet connection. These tips also come in handy for loading errors, like when the "see more" button is not working on Facebook, or a search says "More results may be available see more when you're back online".
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