Benchmark Rate
Coverage of Benchmark Rate in the Nexus archive.
- Can mortgage rates fall without another Fed rate cut? Here's what experts think
The article discusses the possibility of mortgage rates decreasing even if the Federal Reserve maintains its benchmark interest rate. Experts suggest that mortgage rates could drop without an additional Fed rate cut.
- Banxico Locks Mexico’s Rate at 6.50% in First Unanimous Vote
Banco de México maintained its benchmark rate at 6.50% on June 25, matching the level set on May 7. The five-member board voted unanimously for the first time in this cycle, with previously dissenting members Jonathan Heath and Galia Borja aligning with the majority.
- The Federal Reserve held rates steady in Kevin Warsh's first meeting as chair
The Federal Reserve maintained its benchmark interest rate at 3.5% to 3.75% during Kevin Warsh's first meeting as chair. The FOMC voted 12-0 to keep rates unchanged, marking the fourth consecutive meeting without a change.
- Slowing Economy Gives Turkey Cover to Hold Interest Rates Again
Turkey is maintaining interest rates amid a slowing economy, allowing the central bank to avoid rate adjustments. Governor Fatih Karahan has implemented tighter monetary policy without altering the benchmark rate.
- Bad timing for Indonesia to be living dangerously again
Bank Indonesia raised its benchmark rate by 25 basis points in an off-cycle decision on June 9, signaling concern over Indonesia's economic trajectory. The move highlights growing financial and economic risks for emerging markets.
- BlackRock’s Shigekawa Sees Risk to Yen on BOJ Miscommunication
BlackRock's Shigekawa warns that miscommunication by the Bank of Japan could pose risks to the yen. The BOJ maintained its benchmark rate but raised inflation forecasts, suggesting a potential earlier rate hike than anticipated.