US tariffs to force quicker Fed, ECB rate cuts to support growth, says Nomura

Quick Summary:

The U.S.reciprocal tariffs will stymie economic growth and lift inflation, forcing the Federal Reserve to start lowering interest rates from the end of this year, while the European Central Bank could cut rates as soon as this month, Nomura said.U.S.

They see a depo rate of 1.75 per cent by the end of the year, implying three more cuts.

The brokerage, in a separate note on Thursday, forecast uncertain inflation for the region and lowered its growth forecast by 20 basis points.

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Category: EconomyBusiness

Markets: SingaporeGermany

Topics: Cuts Nomura Rates Forecast Cent Year Tariffs Rate Trump Growth Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-04 @ 16:58:20 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 448 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 27580453

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