Category central_banks

Fed Holds Rate Steady

Fed keeps benchmark rate at 3.50%-3.75% The Federal Reserve held its benchmark interest rate steady at 3.50%-3.75% for the fourth consecutive meeting. This decision was widely expected and in line with market pricing. The new Fed chair used the press confer

ECB Defends 25 Bps Rate Hike

Inflation to remain above 3% this year The ECB's recent 25 bps rate hike was defended by Chief Economist Philip Lane, citing strong justification due to inflation risks. Inflation is expected to remain above 3% for the rest of the year, driven by elevated energy price