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Central Banks Trim Rate as War, Tariffs Fog Outlook
Mint Mumbai
|June 20, 2025
Trump Is Due in Coming Days to Say Whether Tariffs Currently Pegged at a 10% Baseline Will Rise
The Swiss and Norwegian central banks became the latest European rate-setters to ease monetary policy on Thursday, citing a weaker inflation outlook that contrasted sharply with the Federal Reserve's warnings about higher US prices.
The Bank of England kept rates on hold as expected, while flagging that they would remain on a "gradual downward path" in a finely balanced statement that also acknowledged "heightened unpredictability" in the global environment.
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