Sri Lanka's central bank will likely leave its key interest rates on hold at a policy review on Friday, after a 50-basis-point cut in August, a Reuters poll showed, ahead of presidential elections and as lower bank rates go into effect.
The Reserve Bank of India (RBI) on Wednesday cut interest rates for a fourth straight meeting in 2019, taking advantage of mild inflation to expand its effort to boost an economy growing at its slowest pace in nearly five years.
Australia’s central bank held rates at an all-time low of one percent on Tuesday as it weighed the impact of past easing, though markets are wagering the tide of policy stimulus sweeping the world will compel it to cut again before year-end.
European Central Bank policymakers are open to cutting the ECB’s policy rate again if economic growth weakens in the remainder of the year and a strong euro hurts a bloc already bearing the brunt of a global trade war, two sources said.
The Bank of Canada (BoC) is done raising interest rates until at least the end of next year, with a serious risk of a cut by then as policymakers become more wary of slowing growth and global trade tensions, a Reuters poll showed on Friday.
Norway will spend more than originally planned from its sovereign wealth fund in 2019, the government said in a revised fiscal budget on Tuesday, raising the likelihood the central bank will raise interest rates faster.
Japan’s top finance ministry bureaucrat said on Friday that domestic financial institutions were facing severe strain as long-term interest rates remained low due to the Bank of Japan’s massive monetary stimulus.
The Bank of England pushed interest rates above their financial crisis lows on Thursday, but signalled it was in no hurry to raise them further as Britain heads for Brexit next year with no clear plan for leaving the European Union.