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Category: Economy

Economy
admin June 24, 2024

Switzerland makes second interest rate cut as major economies diverge on monetary policy easing

A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | ReutersThe Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at a time when sentiment over monetary policy...

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Economy
admin June 22, 2024

Bank of England keeps rates at 5.25% in ‘finely balanced’ decision; traders lift bets for August cut

General view of the Bank of England building in London.Sopa Images | Lightrocket | Getty ImagesLONDON โ€” The Bank of England on Thursday opted to keep interest rates steady at its June meeting, but described the decision as "finely balanced" after U.K. inflation hit its 2% target.Money market pricing lifted...

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Economy
admin June 21, 2024

IMF chief says Europe looks like ‘an ideas supermarket’ for the U.S., calls for further integration

IMF Managing Director Kristalina Georgieva arrives at a briefing in Washington, D.C., on Friday, April 19, 2024.Bloomberg | Bloomberg | Getty ImagesThe head of the International Monetary Fund on Thursday called on Europe to achieve the full potential of its prized single market, lamenting what she described as a situation...

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Economy
admin June 17, 2024

Treasury Secretary Yellen says U.S. debt load is in ‘reasonable place’ if it remains at this level

Treasury Secretary Janet Yellen on Thursday said the swelling national debt is manageable as long as it stays around where it is relative to the rest of the economy.In a CNBC interview, Yellen also noted that high interest rates are adding to the burden as the U.S. manages its massive...

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Economy
admin June 15, 2024

Bank of Japan set to reduce JGB purchases, stands pat on interest rate

The Bank of Japan is largely expected to hold interest rates steady at the end of its 2-day meeting ending June 14, 2024. Seen here, the Japanese flag flying high at the BOJ headquarters in Tokyo.Kazuhiro Nogi | Afp | Getty ImagesThe Bank of Japan kept its benchmark interest rate...

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