Whether my fair relative's future intentions in this quarter point
toward Mischief or Money, is more than I can yet say.
And it's basically "anything goes" in terms of the policy path since Powell reiterated the FOMC will "act as appropriate to sustain the expansion." That keeps at least a quarter point
easing on tap for the September 17, 18 FOMC.
Kuwait raised its key interest rate on Wednesday for the first time in a year, tracking a quarter point
increase in US Federal Reserve benchmark rate, according to Bloomberg.
The demand on gold will continue throughout 2016 as the US Federal Reserve is expected to raise the profit rate from quarter point
to half of full point, it said.
The European Central Bank has announced that it is reducing its interest rate by a quarter point
to 0.50 percent, the first reduction in ten months, according to a Reuters report.
Summary: Australia's central bank cut interest rates by a quarter point
to 4.25% as tamer inflation at home allowed it to take out some policy insurance against the debt crisis engulfing Europe.
While the Indian central bank increased its repurchase rate by a quarter of a point to 6.25 per cent and made a similar change to its reverse repurchase rate to take it to 5.25 percent, the Australian central bank increased the overnight cash rate target a quarter point
to 4.75 per cent.
The Reserve Bank of India on Tuesday raised the repurchase rate, the policy rate at which it lends to domestic banks, by a quarter point
to 5.75% to tackle inflationary pressures.
A quarter point
hardly makes a difference and there is an argument to be had that it would have been more beneficial if these three cuts in five months had come all at once as a three-quarter point reduction."
With fears of recession stalking the US and the credit crunch impacting businesses globally, the Monetary Policy Committee is under increasing pressure to produce at least a quarter point
cut, it suggests.
BORROWERS breathed a sigh of reliefBORROWERS breathed a sigh of relief yesterday after Bank of England rate setters trimmed the cost of borrowing by a quarter point
This month, the base rate was lowered by a quarter point
to 5.5 per cent.