February 3, 2026
United States:
Miran Says Fed Needs to Cut Rates by More Than a Point This Year
Federal Reserve Governor Stephen Miran said the absence of strong price pressures in the economy means interest rates, which he described as restrictive, need to be lowered again this year.
“I’m probably looking for a little bit more than a point of interest-rate cuts over the course of the year,” Miran said Tuesday on the Fox Business Network.
Europe:
Euro-Zone Banks Unexpectedly Tighten Firms’ Credit Standards
Euro-zone banks unexpectedly tightened corporate credit standards at the end of 2025, raising doubts about investment and economic activity before the European Central Bank sets interest rates this week.
“Concerns about the outlook for firms and the broader economy, as well as banks’ lower risk tolerance, contributed” to the move, the ECB said Tuesday in its fourth-quarter Bank Lending Survey.
Asia:
PBOC’s Key Bank Loan Rate Falls to Record Low Bolstering Growth
China has let the interest rate on a one-year policy loan to banks drop to a record low, according to people familiar with the situation, lowering funding costs so as to revive economic growth.
The People’s Bank of China charged some lenders on its medium-term lending facility, or MLF, at as low as 1.5% in January, down from 1.55% in December, said the people who requested anonymity discussing private matters.
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