The quarter-point reduction marks a step down from the Bank of Canada’s moves to cut by an oversized 50 basis points in its two previous decisions.

At a news conference in Ottawa, Bank of Canada governor Tiff Macklem discusses the central bank's latest interest rate decision. He is joined by senior deputy governor Carolyn Rogers.

YouTube video by DASGOE Media

YouTube video by Forbes

The central bank also forecast that the British economy would grow by 1.25 per cent this year, a slight improvement from its earlier estimate of 1 per cent.

YouTube video by Bullion Bulletin

Federal Reserve Bank of San Francisco President Mary Daly discusses her approach to monetary policy, saying she is “very comfortable” with policymakers’ median projection of two interest-rate cuts in ...

Powell said that Fed staffers believe federal data could be overstating job creation by up to 60,000 jobs a month—which suggests the jobs market might be shrinking.

The Bank of Canada’s rate cut shows that monetary policy alone won’t solve economic issues, especially as diverging from U.S. policy risks further challenges.

The Bank of England will likely cut interest rates to four per cent when the decision is announced at 12pm.

The cost of borrowing is now at its lowest for two years in a boost to home owners, first time buyers and small businesses

YouTube video by B.C. Begley

KUALA LUMPUR: The ringgit opened continuing its strengthening momentum against the United States (US) dollar for the second day today, driven by weak data from the developed world and the decision by the US Federal Reserve (Fed) to lower its key lending rate by 25 basis points. At 8 am, the ringgit strengthened to 4.1000/1100 against the US dollar from 4.1040/1105 yesterday. The last time the ringgit traded at that level was on April 28, 2021, which was 4.1000/1050. Bank Muamalat Malaysia Bhd Chief Economist Mohd Afzanizam Abdul Rashid said the US Dollar Index fell 0.44 percent to 98.348 following […]