22 minutes ago Norway’s central bank raises interest rates by 25 basis points Norway’s central bank said on Thursday it had raised its interest rates by 25 basis points, setting the key interest rate at 4.5%. Norges Bank Governor Ida Wolden Bache said in a statement that inflation remains too high despite the economic slowdown, … [Read more…]
BANGKOK (AP) — Stocks are mostly higher in Asia after a strong rally on Wall Street pushed the Dow Jones Industrial Average to a record high as the Federal Reserve suggested interest rate cuts were likely next year. However, the Nikkei 225 in Tokyo fell as the yen rose sharply against the U.S. dollar, as … [Read more…]
Stay up to date with free updates Simply sign up for the US Interest Rate myFT Digest – straight to your inbox. The dollar hit a three-month low on Tuesday and U.S. Treasury yields fell as investors became increasingly confident that the Federal Reserve will begin cutting interest rates in mid-2024. The U.S. currency fell … [Read more…]