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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 […]

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.

Some personal finance pros are thinking differently about their money now that rates are on the decline — and they say Americans may want to, too.

Federal Reserve Governor Christopher Waller stated in a Fox Business Network interview that a December rate cut is appropriate. He cited "persistent signs of

U.S. Federal Reserve Governor Stephen Miran is pushing for a substantial 0.5% interest rate cut in December, emphasizing the need for rapid monetary easing to

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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.

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.

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

The Bank of England is expected to cut its key interest rate from 4.25% to 4.0% on Thursday—its fifth reduction since August 2024. The move comes as the central bank faces conflicting pressures: * a weakening labour market, partly worsened by recent tax hikes and Trump trade tensions, * versus persistent inflation running above target. While Governor Andrew Bailey and most of the Monetary Policy Committee are likely to back a quarter-point cut, the decision may be split. Two members could argue for a larger cut to support growth, while others may oppose any easing due to inflation worries. Markets will be watching closely for any change in the BoE’s "gradual and careful" guidance, which has so far implied one cut per quarter. But with inflation possibly reaching 4% in coming months—double the BoE's 2% target—that pace may come under review. Investors currently expect another cut in November, but only one or two more in 2026, which would leave the Bank Rate around 3.5%, still well above the euro zone’s 2%. The rate decision is due at 1100 GMT, followed by a press conference at 1130 GMT. --- I posted on Deutsche Bank seeing divergence with the European Central Bank yesterday: * Deutsche Bank sees BoE cutting again, but says ECB may be done easing EUR/GBP the central pair to watch in all this. EUR has caught a bid at the expense of the UK pound heading into today's meeting, which makes sense. The question for traders is if that will continue. I expect some sort of 'sell the fact' response later. This article was written by Eamonn Sheridan at investinglive.com.

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MAPUTO (Reuters) -Mozambique’s central bank cut its benchmark interest rate by 75 basis points to 10.25% on Thursday, saying it expects inflation to remain in single digits over the medium term. The Bank of Mozambique has now lowered the MIMO lending rate for 10 policy meetings in a row in an easing cycle stretching back to January 2024. Its latest statement highlighted debt pressures but said the inflation outlook was helped by favourable international commodity prices. The last rate cut, which came in May, was also of 75 basis points. Annual inflation in the resource-rich Southern African country edged up to 4.15% in June from 4.00% in May. Local politics remains a potential risk following a disputed election last year. The opposition and Western observers say the long-ruling Frelimo party won the vote through rigging, which Frelimo denies. Mozambique is seeking to prosecute the country’s main opposition leader, Venancio Mondlane, for allegedly inciting civil unrest following the election in which more than 300 people were killed, many of them in clashes with security forces. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

Investing.com -- The Monetary Policy Council of the National Bank of Poland cut its key interest rate by 25 basis points on Wednesday, a move that went against market expectations. Approximately 75% of analysts had predicted the rate would stay at 5.25%, but the central bank opted for a reduction instead. The decision came despite recent hawkish statements from MPC members. According to sources, the latest macroeconomic projections likely influenced the council to implement this earlier-than-anticipated rate cut. Following the announcement, the Polish zloty rallied against the euro, moving from 4.267 to 4.254 during today’s trading session. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.