Big year of central bank easing wraps up with dovish BoE, Fed caution

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LONDON : The Bank of England wrapped up a big year of central bank rate cuts by keeping rates steady on Thursday, a day after the Federal Reserve eased policy but suggested it would be more cautious in 2025.

It has lowered its cash rate by 125 bps to 4.25 per cent so far this cycle and markets are pricing around another 100 bps of cuts by the middle of next year.

Looking forward, the Norges Bank believes that while restrictive policy is still needed, the time to begin easing is approaching and it expects to start lowering borrowing costs in March next year.

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Category: EconomyBusiness

Markets: SingaporeAustraliaCanadaJapanNew ZealandNorwaySweden

Topics: Thursday Rates Borrowing Year Rate Cuts Bank Easing Markets Cent Central

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 20:48:27 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 824 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24552440

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