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Gold overtakes euro as global reserve asset, ECB says
In 2024, gold has become the second most held global reserve asset following the US dollar, reflecting significant central bank acquisitions that have reshaped international financ...
Read Full Article →Russia’s central bank cuts interest rates for first time since 2022
The recent reduction in lending rates by Russia’s monetary authority aims to decrease the cost of borrowing to 20 percent, reflecting an easing inflation environment.
Read Full Article →UK interest rate cuts hinge on slowing wage growth, Bailey says
The possibility of lowering interest rates in the UK depends on a reduction in wage increases, as the central bank anticipates slower pay growth throughout the year.
Read Full Article →Trump tells Powell Fed is making a ‘mistake’ by not cutting interest rates
The discussion between the president and the central bank leader highlights concerns about current monetary policy, which could influence future decisions affecting borrowing costs...
Read Full Article →Lagarde discussed leaving ECB early to head WEF, says Schwab
Christine Lagarde’s potential early departure from the central bank could impact monetary policy stability and influence financial markets as leadership changes are considered ahea...
Read Full Article →Federal Reserve to slash staff by 10% over several years
The planned workforce reduction at the Federal Reserve is expected to decrease operational expenses, reflecting an effort to manage public funds more efficiently over the upcoming...
Read Full Article →China cuts key interest rate to 1.4%
By lowering the reserve requirements for lenders, China’s central bank aims to stimulate economic growth and provide financial support amid ongoing trade tensions with the United S...
Read Full Article →Why the ECB is telling staff it’s time to move
The central bank aims to accelerate internal employee transitions to enhance organizational flexibility and adapt more effectively to evolving financial and economic challenges.
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