US, UK and Sweden pile on rate cuts

Quick Summary:

LONDON : The United States, Britain and Sweden all cut interest rates this week, even as Donald Trump's U.S.election win introduced a fresh element of uncertainty given the threat of higher tariffs.

Sweden's Riksbank on Thursday cut its key rate by 50 bps to 2.75 per cent, as anticipated, and flagged another reduction in December if the economic and inflation outlooks remain unchanged.

The BOC is tipped to cut rates again in December, with traders attaching almost 50 per cent chance of another half-point move.

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Category: EconomyBusiness

Markets: SingaporeAustraliaCanadaJapanNew ZealandNorwaySwedenSwitzerlandUnited States

Topics: Inflation Markets October Move Rates Cent Reserve Rate Easing Chance Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 16:21:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 892 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23468778

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 38 posts per day

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News Last Updated: 6 hours ago

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