Australia's four largest banks all forecast the Reserve Bank of Australia will cut interest rates by 25 basis points today, but they are divided on the bank's move after the rate cut. Australia's two largest banks, Commonwealth Bank of Australia and Westpac, believe the RBA will cut interest rates a total of four times by the end of the year, which will bring the cash rate down to 3.35% by December. Of the big four banks, National Australia Bank was the last to join the consensus that interest r...
Federal Reserve Vice Chairperson Jefferson said that even if the interest rate is cut by 100 basis points, the Federal Reserve's interest rate is still at a restrictive level.
European Central Bank Governing Council Simkus: Support another 25 basis points interest rate cut in March. More accommodative monetary policy can be allowed. Trump's tariff policy has increased uncertainty. Several more interest rate cuts are expected after March.
The Bank of England is expected to cut interest rates by another 25 basis points this week, as policymakers weigh signs of a weakening British economy against the prospect of a short-term pick-up in inflation. Financial marekt has been betting that the Bank of England's monetary policy committee will cut the official interest rate to 4.5% on Thursday, the third cut in borrowing costs in more than half a year. But with inflation likely to pick up again in the UK and US President Donald Trump's ta...
The 10-year Treasury yield fell 6.3 basis points to 4.504%.
On January 24th, the Bank of Japan raised its target interest rate from 0.25% to 0.50% if it expected to raise interest rates by 25 basis points. The rate hike was the largest since 2007, and interest rates rose to a new high since October 2008. After restarting interest rate hikes in March last year, the Bank of Japan has raised interest rates three times in less than 12 months.
UBS believes that the Federal Reserve is still likely to cut interest rates by another 50 basis points this year. The US non-farm job growth in December last week was much higher than expected, and the market generally expects that the Federal Reserve will not cut interest rates again before June this year, and the number of rate cuts of 25 basis points for the whole year may be less than two. The team of UBS strategists led by Mark Haefele agreed that the latest employment data may make Fed off...
Barclays: The Fed is expected to cut interest rates by 25 basis points in June 2025, compared with previous predictions that the Fed will cut rates twice in March and June.
Traders: Argentina country risk fell 27 basis points to 608 basis points, the lowest level in six years.
Traders said Argentina's country risk index fell to 628 basis points, its lowest level since November 2018.
The Bank of Canada meeting notes: This group of members said a 50 basis point cut seems unlikely to bring interest rates below required levels in the next few meetings.
The Reserve Bank of India cut the deposit reserve ratio by 50 basis points to 4%, compared with market expectations of 4.5%.
JPMorgan expects the European Central Bank to cut interest rates by 50 basis points in December, earlier than the previous forecast of January 2025.
Traders expect the ECB to cut interest rates by 150 basis points in 2025 for the first time since October.
The Fed will cut rates by 25 basis points each in November and December, Morgan Stanley said in a statement raising its assessment of economic growth and continuing to acknowledge inflation progress. Powell is not expected to commit to the size or pace of future rate cuts, and decisions will depend on data.