Brazil Central Bank Slashes Rate to 14% in Fourth Straight Cut
Economy: Brasília Key Facts —Decision. The Copom, the rate-setting committee of Brazil’s central bank, cut the benchmark Selic rate by 0.25 percentage point to 14.00%. —Streak. It was the fourth straight quarter-point cut, bringing the total easing to one full point from a 15.00% peak. —Tone. Analysts read the statemen
India's central bank holds key rate to focus on growth momentum
MarketsViewing inflation as manageable, Reserve Bank of India has kept rates unchanged this yearThe back and forth in the U.S.-Iran conflict, which has led to volatility in crude oil prices, has also complicated the central bank’s task of balancing growth with price stability. (Photo by Takanori Okabe)SOUMYAJIT SAHAAug
Fed Holds Rates Steady, Three Dissenters Wanted a Hike
The Federal Reserve voted to hold interest rates unchanged in a range of 3.5% to 3.75%, with some officials dissenting in favor of raising rates by a quarter percentage point. The vote was 9-3. Bloomberg's Michael McKee reports. (Source: Bloomberg)