Fed and peers will go ahead with rate cuts after this week's US Election

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Fed and peers will go ahead with rate cuts after this week's US Election - Business Standard

Quick Summary:

The Bank of Canada nevertheless proceeded with a 50 basis-point cut on weak inflation and economic growth, and the fresh jobs data will offer insight into how the labor market is holding up.

On the same day, Norges Bank is expected to keep its rate at 4.5 per cent, with renewed krone weakness likely to preserve its outlook for no easing until March next year.

In Botswana, encouraged by the slowest inflation in more than a year, officials are set to reduce their rate on Thursday, the first decision since a shock election outcome ended the Botswana Democratic Party’s 58-year grip on power in the major diamond producer.