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As global central banks consider rate cuts, inflation worries loom

Business Standard LogoBusiness Standard1w ago

As global central banks consider rate cuts, inflation worries loom - Business Standard

Quick Summary:

Turning east, Hungary is preparing wrap up its more than year-long monetary easing cycle, though the slide in the forint may narrow or eliminate the central bank’s room to deliver one last cut in the European Union’s highest key rate.That’s on Tuesday.

The same day, Norway’s central bank is widely expected to keep its rate at 4.5 per cent for the fifth straight meeting.

But with the underlying so-called core gauge likely to come in above 3 per cent and an election campaign under way, economists predict that policymakers will keep borrowing costs on hold.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-16 @ 06:51:31 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1446 words

Reading Time: 9 minutes read

Sentences: 56 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21263361

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 125 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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