Charting the Global Economy: Switzerland Surprises With Rate Cut [BNN Bloomberg (Canada)]
Nomura Holdings Inc ADR American Depositary Shares (NMR)
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Source: BNN Bloomberg
aggressive monetary stimulus in modern history and the Federal Reserve held the line on US borrowing costs. As Fed policymakers stuck to their path of lowering rates this year, the Bank of England also moved closer to cuts. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: Europe Officials in Zurich lowered their benchmark to 1.5%, the first such reduction for one of the world's 10 most-traded currencies since the pandemic abated. The central bank's revised down inflation forecast suggests “a fundamental reassessment of the momentum of inflation,” said George Moran, European economist at Nomura International Plc. The Bank of England took another step toward cutting interest rates in the coming months after two of its most ardent hawks dropped their demands for hikes. Catherine Mann and Jonathan Haskel joined an 8-1 majority on the Monetary Policy Committee to keep rates at a 16-year high of 5.25%, the latest si
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