interest rate News

Bank of Korea Holds Steady: Key Interest Rate Remains at 3% Amid Market Speculations

The Bank of Korea has decided to keep its benchmark interest rate unchanged at 3%, contrary to market expectations. This decision reflects the central bank's cautious stance amid c...

Gold Surges 1% as Investors React to Fed's Hawkish Stance

Precious metals prices surged on Friday as investors reacted to the Federal Reserve's hawkish outlook, with gold rising 1.14% to $2,626.53 per ounce and silver up 1.13% to $29.44 p...

Gold Surges Over 1% as Metals Recover from Fed Meeting Impact

Precious metals see a rebound with gold jumping over 1% after initial market reactions to the Federal Reserve meeting settle down. The Fed's revised economic projections and today'...

European Markets React to Fed's Monetary Policy Decision

European stock indexes traded with losses in the premarket following the US Federal Reserve's monetary policy decision, with the central bank indicating fewer interest rate cuts in...

BoJ Stands Pat on Interest Rates: What's Next for Japan's Economy?

The Bank of Japan maintains its benchmark interest rate at 0.25%, reflecting a strategy of stability amidst a complex economic environment. This decision aims to balance growth and...

Federal Reserve Cuts Key Interest Rate by 25 Basis Points Amid Economic Uncertainty

The Federal Reserve cuts the federal funds rate by 25 basis points to 4.25%-4.50%, citing economic expansion and progress towards inflation targets, while acknowledging employment ...

Federal Reserve Predicts Interest Rate to Reach 4.4% by End of 2024 - What Does This Mean for the Economy?

Federal Reserve Board members and bank presidents estimate the federal funds rate to be 4.4% by the end of 2024, indicating potential impacts on the economy.

Thailand's Central Bank Maintains Key Interest Rate at 2.25%: A Strategic Pause or a Sign of Future Cuts?

Thailand's central bank maintains key interest rate at 2.25%, a decision following a surprise cut in October. Economists widely expected this move, with forecasts pointing towards ...

Fed Rate Decision Looms: Oil Prices Stabilize Amid Investor Caution

Oil prices hold steady as investors await the Federal Reserve's interest rate decision, with focus on potential rate movements in 2025. Political uncertainty and fresh sanctions ad...

Unlocking the Potential of Sukanya Samriddhi Yojana: A Path to Over Rs 70 Lakh Corpus

Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for girls, offering tax advantages and substantial returns upon maturity. Learn about its interest rates, depos...

US Stock Futures Edge Up Ahead of Crucial Fed Meeting

US stock futures slightly rose on Monday as investors prepared for the Federal Reserve's crucial two-day policy meeting, expecting a quarter-percentage-point rate cut.

ECB Signals Gradual Rate Cuts Towards 2% Amid Eurozone Stability

Mario Centeno from ECB's Governing Council suggests gradual rate cuts towards 2% in coming quarters, maintaining a restrictive monetary policy stance.

Swiss National Bank Cuts Interest Rate Amid Declining Inflation

The Swiss National Bank has lowered its policy rate by 50 basis points to 0.50% amid decreasing inflationary pressure. The bank forecasts inflation rates and GDP growth, while noti...

Bank of Canada Slashes Interest Rate to 3.25% Amid Inflation Concerns

The Bank of Canada has reduced its policy rate by 50 basis points to 3.25%, citing inflation concerns and softer growth data. The central bank remains committed to maintaining pric...

Dollar Makes Marginal Gains Against Vietnamese Dong Amid Global Market Fluctuations

The U.S. dollar sees marginal gains against the Vietnamese dong while experiencing fluctuations on the black market. Global currency markets, including the Australian dollar and Ja...

Australia's Central Bank Maintains Steady Rates Amid Softer Stance

The Reserve Bank of Australia (RBA) decided to keep rates steady, maintaining the cash rate at 4.35% and the interest rate on Exchange Settlement balances at 4.25%. The RBA's polic...

South Korea's 2025 GDP Growth Forecast Revised Down to 2.1% by OECD

The OECD has revised its forecast for South Korea's GDP growth in 2025 to 2.1%, down from 2.2%. This projection surpasses forecasts from the IMF, KDI, and the Bank of Korea, and is...

Sensex and Nifty Slide: Mixed Global Cues and Fed Rate Concerns

The Indian stock market opened lower on Thursday, with the benchmark index Sensex declining nearly 150 points amid mixed global cues and broader concerns over the US Federal Reserv...