December 3, 2024
United States:
Fed Officials Keep Options Open for December Rate Decision
Three Federal Reserve officials on Monday made clear they expect the US central bank to continue cutting interest rates over the next year but stopped short of saying they are committed to making the next reduction later this month.
Fed Governor Christopher Waller, addressing a conference in Washington, said he’s inclined to vote to lower borrowing costs when Fed officials gather Dec. 17-18, but added that data due before then could make the case for holding rates steady.
Europe:
ECB’s Data-Dependent, Gradual Approach Still Appropriate, Kazaks Says
The European Central Bank’s data-dependent and gradual approach to setting monetary policy remains appropriate, Governing Council member Martins Kazaks says in presentation for online event.
“If downside risks were to materialize, data dependency allows to act in faster to avoid settling into ‘bad’ equilibria,” the Latvian central-bank chief says.
Asia:
China’s Central Bank Chief Signals Support for Economy in 2025
China’s central bank governor reaffirmed plans for a supportive monetary policy to promote growth next year, as the economy faces fresh challenges from a looming trade war with the US during Donald Trump’s second term.
The People’s Bank of China will “adhere to an accommodative monetary policy stance and orientation” in 2025, Governor Pan Gongsheng said at a financial forum in Beijing on Monday, according to a statement published by the central bank.
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