interest rate
Fed Holds Interest Rates Steady Amid Economic Uncertainty
The Federal Reserve has kept interest rates unchanged for the fourth consecutive time, maintaining its benchmark lending rate at approximately 4.3%. This decision comes despite forecasts from policymakers suggesting slower growth, higher unemployment, and faster inflation than previously expected. The economy remains “solid,” according to the Fed, but officials are cautious about the potential impact […]
India’s Central Bank Cuts Interest Rates to Boost Growth
India’s central bank has lowered its interest rates by half a percent, marking the third consecutive cut, to stimulate domestic consumption and investment amid rising global uncertainties. Reserve Bank of India (RBI) Governor Sanjay Malhotra explained that growth is “lower than our aspirations” and the bank felt it was “imperative to stimulate domestic consumption and […]
Europe Cuts Interest Rates Amid Trump’s Tariffs
The European Central Bank (ECB) has cut its key interest rates for the eighth time in just over a year, reducing it from 2.25% to 2%, amid warnings about continuing pressure on the eurozone from Donald Trump’s tariffs. ECB President Christine Lagarde attributed much of the uncertainty surrounding the economy to trade policies, stating that […]
Bank of England Cuts Interest Rate Amid Trump’s Tariffs
The Bank of England has cut its key interest rate by a quarter point to 4.25% amid concerns over US President Donald Trump’s planned tariffs, which threaten to weaken economic growth. This decision follows the Federal Reserve’s move to freeze US borrowing costs and the European Central Bank’s rate cut last month. According to Bank […]
Global Economic Uncertainty: India’s Central Bank Cut Interest Rates
India’s central bank, the Reserve Bank of India (RBI), has cut interest rates for the second time this year to boost a slowing economy grappling with the impact of US President Donald Trump’s tariffs. The benchmark repo rate, at which the RBI lends to commercial banks, has been reduced by 25 basis points to 6 […]