Rate Cut


2024-11-06

[News] RBA Holds Rates at 13-Year High to Combat Inflationary Pressures

The Reserve Bank of Australia (RBA) announced on November 5 that it will keep the cash rate target unchanged at 4.35%, marking the eighth consecutive month without a rate change and maintaining rates at a 13-year high. The statement noted that while inflation has been gradually receding from its ...

2024-10-24

[News] Bank of Canada Slashes Rates by 50 Basis Points to Boost Economic Growth and Maintain Inflation Stability

The Bank of Canada announced a 50 basis point rate cut to 3.75% on October 23, in line with market expectations, marking the largest rate reduction since the onset of the COVID-19 pandemic in March 2020. Read more at Datatrack Bank of Canada Governor Tiff Macklem stated that price pressures are ...

COMEX: Gold Precious Metal Future from Nov. 2021 to Oct. 2024
2024-10-22

[News] Global Rate-Cutting Cycle Begins, as Gold Prices Continue to Hit Record Highs

On October 21, gold futures on the New York Mercantile Exchange closed at $2,734.50, continuing to reach new all-time highs. As one of the world's primary safe-haven assets, gold has risen by over 30% so far this year. This increase mainly reflects the fact that major global economies have entere...

stock trading on the laptop sreen
2024-10-21

[News] Key Focus This Week: China LPR & Canada Monetary Policy on Rate Cut

Last week, following TSMC's release of better-than-expected third-quarter earnings, the U.S. S&P 500 index hit a new record high. In the bond market, U.S. Treasury yields remained largely unchanged, with the 10-year minus 2-year yield spread holding at 13 bps. Meanwhile, the U.S. dollar index co...

2024-10-17

[News] UK Inflation Falls Within Target Range in September, Fuels Market Expectations for Rate Cuts

UK CPI fell within the target range in September, according to data released by the UK Office for National Statistics on October 16. The CPI increased by 1.7% year-over-year in September, down from 2.2% in the previous month and below the market expectation of 1.9%, marking the lowest level since Ap...

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