cuts Archives - Global Banking Monitor

Russian Central Bank Signals Caution, Requires Months of CPI Decline Before Considering Rate Cuts – RBC

Russia's central bank will need two to three months to make sure that inflation is steadily declining before taking any decision on interest rate...

RBA Anticipated to Lag Behind Global Peers in Shifting Towards Interest Rate Cuts

Australia’s central bank was slow to respond to mounting inflation pressures post-pandemic and money market pricing suggests it will also trail global peers in...

Understanding the Context: Why the Bank of England Won’t Deviate with Rate Cuts in 2024

UK inflation doesn’t look that different to the eurozone after allFinancial markets have significantly ramped up bets for 2024 rate cuts over recent weeks....

Central Banks Maintain Steady Rates Amid Market Speculation of Swift Cuts

Markets think it’s all over. After a lengthy and historic monetary tightening campaign to battle high inflation, major central banks are keeping high interest...

Rate Hike Era Ends: Federal Reserve Shifts Attention to Timing of Potential Cuts

The Federal Reserve left interest rates unchanged on Wednesday and U.S. central bank chief Jerome Powell said the historic tightening of monetary policy is...

Barclays Eyes 2,000 Job Cuts in $1.25 Billion Cost-Cutting Strategy: Report

Barclays is working on its cost-saving plans of 1 billion pounds ($1.25 billion) which could also involve around 2,000 job cuts, mainly in the...

Canada’s Slowing Inflation Sparks Potential for Rate Cuts

Consumer prices in Canada rose at the slowest pace since June, a reassuring sign for central bank policymakers that rates are now high enough...

UBS Cuts Credit Suisse Investment Bank Staff, Shuts Houston Office, Says Source

UBS Group (UBSG.S) is laying off employees from Credit Suisse's investment bank this week in New York, a source familiar with the situation said. The...

Saudi Arabia’s Economy Slows Due to Oil Cuts and Price Decline

Saudi Arabia’s growth slumped in the second quarter as a drop in oil prices and the government’s decision to cut production push the country...

UniCredit to Intensify Cuts as Inflation Expenses Exceed $1 Billion

UniCredit SpA plans to cut an additional €500 million in costs by reducing complexity, in an effort to offset higher-than-expected inflation. The Italian lender is...

Warning of Recession and Job Cuts in Britain if Rates Soar to 6%

Economists are warning that the UK economy faces a sharp recession and a flood of job losses if interest rates hit the 6% level...

China Under Pressure to Stimulate Economy, but Rate Cuts Alone May Not Suffice

Expectations are growing that China’s government will boost spending on infrastructure as part of a broader stimulus push following the central bank’s interest rate...

Will China’s Sluggish Economy Benefit from Rate Cuts?

After three years of zero-covid isolation took its toll on China’s economy, a drastic pivot away from pandemic restrictions was supposed to turbocharge an...

China’s Central Bank Intensifies Rate Cuts in Response to Weakening Economy

China’s central bank ramped up its monetary stimulus to help spur the economy amid signs of a weakening property market, a slump in business...

Stripe employees get to sell $1bn of shares

Strategies for Upskilling Your Workforce in an AI-Driven Economy

Five Strategies for Enhancing Internal Communications in Banks

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