News list for " Reserve Bank of China"

On October 10, Nick Timiraos, "the voice of the Federal Reserve", said that at last month's meeting, Fed officials were divided on the size of the interest rate cut. The vast majority supported the larger 50 basis point rate cut that was finally approved, but others supported a smaller 25 basis point rate cut. Just released meeting notes opened up the discussion on why officials chose to start the first rate cut since 2020 with a bolder 50 basis point. The decision to cut rates to a range of 4.7...

2024-10-09 18:12:35