Tag Archives: rate cut

The European Central Bank said on Wednesday that it is seeking for a new top bank supervisor to replace Andrea Enria, whose tenure expires at the end of the year. Candidates for the position of chair of the ECB’s Supervisory Board, the eurozone’s most senior banking watchdog, must apply by …

European Central Bank’s Governing Council member Mario Centeno said on Wednesday that the policy will remain tight for some more time but noted that rates should start to come down at some point during 2024, as reported by Reuters.“Monetary policy in terms of fixing key rates is at the maximum …

Gold prices reversed course and rose on Thursday after a slight decline in the dollar helped dampen risk appetite fueled by waning concerns about the global banking system. By 0738 GMT, spot gold rose 0.3 percent to $1,968.89 an ounce. US gold futures settled at $1984.70. The dollar index fell …

Gold prices fell on Thursday as calming concerns about the global banking system increased risk appetite and curbed some attempts to buy the safe-haven metal. By 0346 GMT, spot gold fell 0.2 percent to $1,960.52 an ounce, down for a second session. US gold futures fell 0.4 percent to $1,977.00. …

Gold price was higher on Tuesday following two sessions of declines with support from a weaker US Dollar even as bond yields climbed.  Wall Street’s major indexes lost ground as investors grew concerned again that the Federal Reserve would keep interest rates higher for longer as fears of further banking …

JPMorgan expected the price of Brent crude to rise again towards levels of $100 a barrel, with supply shrinking in the coming months. And the US bank said in a note last week that Brent crude will record levels of $ 101 a barrel in the fourth quarter and $ …

The Federal Reserve could be forced to cut interest rates in 2023 if a deep recession occurs, according to JPMorgan. This would be a turnaround move by the Fed, considering it has aggressively raised rates in 2022.Potential rate cuts from the Fed would help backstop the stock market in the …

Turkey’s lira dropped to a record low on Monday as a stronger U.S. dollar weighed on emerging market currencies, a After President Recep Tayyip Erdogan fired three central bank policymakers, the Turkish lira fell to a new record low against the dollar, with investors worried about the prospects of further …

Turkey’s lira dropped to a record low on Monday as a stronger U.S. dollar weighed on emerging market currencies, adding to bearish momentum on the lira since the central bank unexpectedly cut interest rates in September. In addition, the latest statements by President Erdogan concerning the elimination of threats from …