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Friday
22
Nov 2024
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Athens 13°C

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ECB is ready to proceed with a new interest rate cut

The ECB is expected to cut interest rates on Thursday by 25 basis points - A few days later the Fed will follow suit

The Bank of Japan raised interest rates shortly before the Fed’s decision

Both the Yen and stock prices were bumpy immediately after the decision to raise the interest rate to 0.25%

Fed: Expected to leave interest rates unchanged – Interest in “signals” for a cut in September

The markets will look to the statements following the meeting for the data that will show the Fed's intentions

Turkey held talks with US on possible Fed swap line

The Fed did not immediately comment