The European Central Bank and the Bank of England were on Thursday expected to pause rates again as inflation retreats, while markets cheered the US Federal Reserve s clear signal that it would start slashing borrowing costs in 2024.
The European Central Bank and the Bank of England were on Thursday expected to pause rates again as inflation retreats, while markets cheered the US Federal Reserve's clear signal that it would start slashing borrowing costs in 2024.With investor attention shifting to when borrowing costs might start coming down again, ECB president Christine Lagarde is expected to use her press conference to push back against market hopes of a rate cut in the early months of 2024.
HONG KONG: Asian markets rallied on Thursday and the dollar extended losses after the Federal Reserve (Fed) indicated it will begin cutting interest rates next year.
GLOBAL bonds have been such a kicking post in recent months that it may come as something of a surprise they are just a fraction away from erasing this year’s loss. The Bloomberg Global Aggregate Bond Index jumped 1.3 percent last Tuesday, the biggest 1-day gain since March, following weaker-than-expected…