News
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OECD raises 2025 global growth forecast to 3.3% from 3.2%, warns of protectionism risks
The Organization for Economic Co-operation and Development (OECD) warned of increasing growth risks from rising trade tensions and protectionism even after raising the global growth outlook for the next year.Fxstreet
Dec 4, 2024
South Korea: Political turmoil continues after martial law U-turn – UOB Group
South Korean President Yoon Suk Yeol sent shockwaves across markets after he declared an emergency martial law at around 11 pm local time on Tue night (3 Dec), only to lift it six hours later following a parliamentary vote where 190 of 300 lawmakers demanded the lifting of the martial law.Fxstreet
Dec 4, 2024
ECB’s Holzmann: 25 bps rate cut is conceivable in December, not more.
European Central Bank (ECB) policymaker Robert Holzmann said on Wednesday that a “25 basis points (bps) rate cut is conceivable in December, not more.” Additional quotes Nothing decided on next rate move, will depend on data available at December meeting.Fxstreet
Dec 4, 2024
RBNZ Orr: Changes to capital rules will not increase competition among banks
Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said early Wednesday that “changes to capital rules will not increase competition among banks.” He did not comment on monetary policy or economic outlook.
Fxstreet
Dec 4, 2024
