cuts Archives - Page 2 of 3 - Global Banking Monitor

China’s Deflationary Threat Spurs Demands for Interest Rate Cuts

China’s inflation remained close to zero in May as the economy’s recovery weakened, giving the central bank scope to ease monetary policy to spur...

Chile’s Inflation Slows Beyond Expectations, Fueling Speculation of Interest Rate Cuts

Chile’s annual inflation slowed more than forecast in May on falling transportation costs, stoking bets that the central bank will lower its interest rate...

Brazil’s Inflation Reaches Lowest Point in Over 2 Years, Triggering Calls for Rate Cuts

Consumer prices in Brazil decelerated more than expected in May, government data showed on Wednesday, with 12-month inflation hitting its lowest level in more...

Fed Set to Skip June Rate Hike, Entering a Lengthy Pause before Potential Cuts, Morgan Stanley Reports

The Federal Reserve looks set to kick the rate-hike can down the road in June, but is unlikely to pick it up, Morgan Stanley...

Chile’s Economic Activity Reaches Stagnation Point Amid Investor Speculation of Impending Rate Cuts

Chile’s economic activity remained flat in April, stoking bets that the central bank will start to lower the benchmark interest rate from an over...

Goldman Sachs Signals 25% Decrease in Trading Revenue Amidst Looming Job Cuts

Goldman Sachs Group Inc. is warning investors of a sharp slowdown in its investment bank from the bumper gains a year ago, as the...

Vietnam’s Central Bank Plans Additional Policy Rate Cuts

The State Bank of Vietnam will cut the refinancing rate by 50 basis points to 5 per cent from Thursday in the latest move...

Latin America’s Inflation Reaches Critical Juncture, Igniting Calls for Rate Cuts

Latin America’s top central bankers are meeting in Brazil on Friday as pressure mounts on them to begin cutting interest rates in response to...

World Bank Cuts India’s Growth Projection for Current Fiscal Year to 6.3%

The World Bank on Tuesday lowered its forecast for India’s economic growth in the current fiscal year that started on April 1 to 6.3%...

Saudi Arabia Increases Oil Prices to Asia in Response to OPEC+ Surprise Cuts

Saudi Arabia hiked official selling prices for all of its oil sales to Asian customers in May, days after the kingdom led a surprise...

Ecuador’s Central Bank Cuts 2023 Growth Forecast on Reduced Oil Exports

Ecuador's central bank on Friday cut the Andean country's economic growth forecast for the year to 2.6%, from 3.1%, citing the impact of reduced...

IMF cuts SA’s economic growth forecast and urges reforms

South Africa must implement reforms to boost private-sector investment, promote good governance and improve the efficiency of public spending to shore up an economy...

Power cuts have shrunk SA economy by one fifth, says PIC

Blackouts have reduced the potential size of South Africa’s economy by almost a fifth since they started being imposed around 2008, according to an...

UK Finance Minister Hunt Refuses to Rush into Tax Cuts

British finance minister Jeremy Hunt said he wanted to lower tax rates for individuals and especially businesses in the longer term but warned it...

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

Tag: cuts