European Central Bank Governing Council Holtzmann: There is reason to cut interest rates again. (Golden Ten)
Holtzmann, the governing council of the European Central Bank, said there is no reason for further interest rate cuts at present.
European Central Bank Governing Council Holtzmann: At present, there is no reason to cut interest rates.
European Central Bank Governing Council Holtzmann: supports the suspension of interest rate cuts in April, believing that inflation risks still exist.
Scotiabank economist Derek Holt argues that US President-elect Donald Trump's demand that allies spend 5% of their GDP on defense this month will make the Western Hemisphere less secure, less reliable and more vulnerable. Canada currently spends about 1.25%, or C $40 billion per year. Holt calculates that raising this to 2% of NATO commitments would be equivalent to C $60 billion per year if implemented immediately, even though Canada has committed to 2...
European Central Bank Governing Council Holtzmann: There is no reason not to cut interest rates in December. (Golden Ten)
Scotiabank economist Derek Holt says there are reasons for companies and markets to be very cautious about the future after the U.S. election. A surge in protectionism will almost certainly cloud the global economic outlook, becoming a headwind for U.S. and global growth. "Fiscal stimulus to the U.S. economy with excess demand will again trigger inflation risks and higher yields. The mixed effect of tax cuts and spending cuts is uncertain, but the former may exceed the post...
European Central Bank Governing Council Holtzmann: If interest rates are cut, it is expected that interest rates may be cut by 25 basis points in December. (Golden Ten)