Bank of England Leaves Interest Rate Unchanged
The war with Iran is forcing global central banks to reassess their rate cutting plans. Source link
Finance
While the war on Iran has sent prices of crude and other commodities sharply higher, economists still doubt the U.S. is at much risk of a recession
In a survey, the average of economists projects the Mideast war boosting inflation but probably not hurting growth. Source link
Swiss National Bank Holds Key Rate as Franc Appreciation Concerns Persist
The SNB again signaled its willingness to intervene in the foreign-exchange market after the Iran war pushed the Swiss franc
Sweden’s Central Bank Holds Key Rate as Middle East Conflict Raises Uncertainty
The Riksbank kept its key policy rate at 1.75% but said it is ready to act if the conflict begins
Taiwan Central Bank Holds Rates Again, Raises Inflation Forecast
The Taiwanese central bank raised its inflation outlook, citing uncertainty stemming from the Middle East conflict. Source link
U.K. Jobless Rate Remains Near Five-Year High
The reading comes as war in the Middle East threatens to hit growth and push the jobless rate even higher
Bank of Japan Holds Steady as Middle East Tensions Raise Uncertainty
The Japanese central bank maintained its policy rate at 0.75% against an uncertain backdrop of conflict in the Middle East
President Trump has spent months talking about how badly he wants Chair Jerome Powell out of the Federal Reserve. Powell signaled Wednesday that he isn’t going anywhere.
The Federal Reserve chair said he would stay on the board until the Justice Department probe ends—and maybe longer. Source
New Zealand’s Economic Recovery Falters as Fresh Threats Emerge
The country’s economy grew by just 0.2% in the fourth quarter and by 1.3% from a year earlier, well short
Brazil’s Central Bank Cuts Rates, Future Actions Unclear Amid Middle East Conflict
The bank’s monetary committee cut the Selic benchmark lending rate as expected to 14.75% from the 15% level it had