Deputy Governor Andrew Abir recently stated that the Bank of Israel is facing challenges in lowering short-term interest rates due to rising price pressures and persisting geopolitical risk. The decision to hold the benchmark interest rate at 4.5% for the fifth consecutive time was influenced by concerns over inflation, which has risen to a rate
Economy
Asian markets are expected to display caution on Wednesday due to two main reasons. Firstly, there is lingering concern over the health of the U.S. economy. Secondly, investors are also awaiting Nvidia’s earnings report later in the day. While U.S. and world stocks saw a slight increase on Tuesday, the dollar experienced a dip and
Federal Reserve Chair Jerome Powell’s recent speech at the Jackson Hole Economic Symposium has sparked discussions and debates about the central bank’s stance on monetary policy. Powell’s signaling of the Fed’s preparedness to lower interest rates has aligned with market expectations for a series of rate cuts. This move indicates a shift towards supporting the
The recent political changes in Thailand have brought to light the potential clash between the central bank and the finance ministry in terms of economic policy. Prime Minister Paetongtarn Shinawatra’s views on central bank independence have raised concerns about the direction of economic growth in the country. While her predecessor, Srettha Thavisin, advocated for interest
The recent arrest of Pavel Durov, the billionaire founder and CEO of the popular messaging app Telegram, at the Bourget airport outside Paris has sent shockwaves through the tech industry. Durov, known for his strong stance on privacy and free speech, has been a controversial figure in the world of social media. His decision to
Over the past weekend, Pavel Durov, the billionaire founder and CEO of the popular messaging app Telegram, was reportedly arrested at the Bourget airport outside Paris. The news of his arrest has sparked a wave of speculation and concern, particularly in the tech industry. TF1 TV and BFM TV, both of which cited unidentified sources,
Prime Minister Keir Starmer is not sugarcoating the reality of the situation in Britain. In his upcoming speech, he will caution the public that things may actually worsen before they improve. This honesty is a stark departure from the usual political rhetoric that promises quick fixes and immediate results. Starmer acknowledges that the issues facing
The recent volatility in the market, as highlighted by Brazil’s central bank chief Roberto Campos Neto, is suggesting that there may be less room for fiscal and monetary intervention in the future. This signals a potential shift in the market’s expectations and the need for a reassessment of economic policies. Campos Neto emphasized the interconnectedness
The Federal Reserve’s holdings of mortgage bonds have been described as playing a “central” role in how monetary policy affects the economy’s momentum. A recent paper presented at a central bank research conference highlighted how the Fed’s actions with its holdings of Treasury and mortgage bonds, in addition to changes in its interest rate target,
The U.S. stock market experienced a significant rally on Friday following dovish remarks from U.S. Federal Reserve Chair Jerome Powell. Powell’s comments solidified expectations that the central bank will cut its key policy rate in September. The anticipation of a rate cut was evident in the market’s response to Powell’s speech at the Jackson Hole