The Latest Breaking News from Monetary Policy

The Bank’s Monetary Policy Committee announced that rates were being reduced from 5% to 4.75% on Thursday.

Analysts say gold is benefited from safe-haven demand amid persistent geopolitical tensions, expectations of monetary policy easing, and mounting uncertainty surrounding the US presidential election.

The U.S. Federal Reserve conducts monetary policy using the short-term Fed Funds Rate as its most effective tool. Meanwhile, longer-term interest rates are a function of supply and demand and market sentiment.

The Canadian and American economies are deeply intertwined. With the United States Federal Reserve cautious amid mixed signals from the labour market and rising inflation worries, the Bank of Canada has just lowered its key interest rate to 3.75 per cent — cutting it by half a percentage point.

The Bank of England is still expected to cut its headline lending rate from 5% to 4.75% when its Monetary Policy Committee meets in November

The Bank of England is still expected to cut its headline lending rate from 5% to 4.75% when its Monetary Policy Committee meets in November.

Tito Mboweni, former South African Reserve Bank Governor, Minister of Finance, and Minister of Labour was arguably one of the country’s most consequential economic policymakers and drove several significant economic reforms.

It is sad to write about Tito Mboweni in the past tense.

The central bank's focus remains on achieving a stable inflation rate, aligned with its long-term target, while fostering sustainable economic expansion. Read further on Dynamite News:

The International Monetary Fund has endorsed the Reserve Bank’s tough monetary policy – while warning rates might need to rise again if the fight against inflation stalls.

Japan's economy shows resilience with stable business sentiment and positive indicators amidst cautious monetary policy.