interest rate cut
Coverage of interest rate cut in the Nexus archive.
- Interest rate cut 'off the table' for now, says Andrew Bailey with Bank of England expected to keep rates at 3.75% for rest of the year
Andrew Bailey, representing the Bank of England, stated that an interest rate cut is 'off the table' for now, with the central bank expected to maintain the rate at 3.75% for the remainder of the year.
- Sberbank CEO Renews Call for Interest Rate Cut
Sberbank CEO Herman Gref stated the economy has been 'overcooled' and called for a reduction in interest rates. He reiterated this position in a statement on Tuesday.
- US job openings pick back up
US job openings in April rose to their highest level in nearly two years as layoffs fell, signaling labor market stability. Professional and business services roles accounted for most of the increase, with an economist noting companies are seeking talent again. The data weakens the case for an interest rate cut and is viewed as positive for college graduates amid AI-driven job market concerns.
- BlackRock’s Saigal Sees ‘Sufficient Factors’ to Justify Fed Cut
BlackRock's Prakash Saigal stated there are sufficient factors to justify a Federal Reserve rate cut. He highlighted economic indicators and market conditions as key reasons for the potential policy shift.