This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Interest Rates Wordwide

Jump to new
is there an election coming ( in the UK ) ??

if no , then the interest charges must be hurting the 'well-connected '
 
And the winner is .... ARGENTINA!
From Reuters
BUENOS AIRES, Oct 12 (Reuters) - Argentina's central bank raised the country's benchmark interest rate to 133% from 118% on Thursday as inflation data came in worse than forecast, 10 days before voters go to the polls to choose a new president amid a deepening economic crisis.

The hike came shortly after September inflation figures were released, landing above expectations at 12.7% monthly and 138% annually, worsening surging prices that have sapped wages and savings and pushed two out of every five people in Argentina below the poverty line.


Argentina's central bank is struggling to keep the benchmark interest rate in line with inflation expectations, with a central bank poll of analysts later in the day forecasting inflation to end the year at more than 180%.


Mick
 
Sweden’s Riksbank has cut their rates to 3.75% from 4% as widely expected and looks to cut 2 more times if inflation continues to be mild, make note their headline inflation rate is now stable at 2.2% after peaking at 10% in late 2022.

All eyes are now on the Bank of England tonight at 9pm who are expected to keep their official bank rate at 5.5% and then Governor Bailey speaks, who might give a more dovish lean.
 
The Bank of Canada has become the first major central bank to cut interest rates, the first time since March 2020.

The central bank’s decision to cut the rate by 25 basis points to 4.75 per cent was not unexpected, but BoC governor Tiff Macklem said officials were increasingly confident inflation was returning to its 2 per cent target, down from a peak of 8.1 per cent. If that happens, he said, “it is reasonable to expect further cuts to our policy interest rate”.
 
If we see a big downside miss on Friday with non-farm payrolls, the Fed July cut could be back in question. USA economy is slowing a lot rapider then expected and the credit card delinquency rates are increasing. Oh its also an election year
 
European Central Bank lowered the key cash deposit rate by a quarter-point to 3.75 per cent on Thursday, as expected.

Lagarde told reporters that the inflation outlook has improved “markedly” and said there’s a “strong likelihood” that the ECB is shifting into a “dialling-back phase”. But she declined to confirm that such a change of gear has now happened.

“The governing council will continue to follow a data-dependent and meeting-by-meeting approach to determining the appropriate level and duration of restriction,” the ECB said in a statement. “The governing council is not pre-committing to a particular rate path.”
 
Overnight, The European Central Bank cut its key rate by 25 basis points to 3 per cent, and the accompanying statement was noticeably dovish in tone.

The Swiss National Bank opted for a larger-than-expected 50 basis point cut.
 
You must log in or register to reply here.

Similar threads

When will the Great Financial Ponzi end?
2 3 4
Replies
69
Views
4K
divs4ever
R
CMT - Core Molding Technologies, Inc. (NYSEAMERICAN)
Replies
0
Views
890
robertbanking
R
TikTok and other Egregious Platforms
Replies
5
Views
286
moXJO
M
L
International FX rates - transfer of funds?
Replies
8
Views
1K
investtrader
February 2025
2
Replies
26
Views
1K
qldfrog
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...