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Thai economy shrinks, adds to rate cut case amid central bank and PM feud

BANGKOK (Reuters) -Thailand's economy unexpectedly contracted in the fourth quarter of 2023 and policymakers downgraded the outlook for this year, adding to pressure on the central bank to give in to the prime minister's demands for a rate cut. Prime Minister Srettha Thavisin, who is also the finance minister, has been at loggerheads with the central bank over the direction of monetary policy, repeatedly saying rate cuts will help the economy he describes as being in crisis as it conf...
Krung Thep Mahanakhon Srettha Thavisin Orathai Sriring Kitiphong Thaichareon Danucha Pichayanan Satawasin Staporncharnchai
Source: yahoo.com

Bailey Says Inflation Undershoot Leaves BOE 'Where We Were'

(Bloomberg) -- Bank of England Governor Andrew Bailey said weaker-than-expected inflation in January “pretty much leaves us where we were” after the data prompted traders to shift forward bets on interest-rate cuts.Most Read from BloombergThe Brutal Reality of Plunging Office Values Is HereWall Street Regains Footing After CPI-Fueled Rout: Markets WrapMusk Says Putin Can’t Lose in Ukraine, Opposes Senate BillDemocrat Suozzi Wins Back NY House Seat Vacated by SantosA ‘...
United Kingdom Lucy White Andrew Bailey Philip Aldrick Irina Anghel Bloomberg Businessweek
Source: yahoo.com

China Markets Are Betting Big on Further PBOC Easing This Year

(Bloomberg) -- Traders are ramping up bets on more monetary easing in China this year, as a feeble economic recovery heaps pressure on authorities to cut interest rates and provide ample liquidity.Most Read from BloombergIslamic State Claims Responsibility for Deadly Iran BlastsJust a Billion Doesn’t Cut It on This Exclusive Florida IslandConfidential Jeffrey Epstein Documents Unsealed by New York CourtTech’s Losing Streak Extends Ahead of Jobs Test: Markets WrapDeadly Iran Blasts ...
Bloomberg Businessweek Xiangrong Yu Shulun Huang Yujing Liu Jingyang Chen Fran Wang
Source: yahoo.com

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Chile to Deliver Bigger Rate Cut While Colombia May Be Just Getting Started

(Bloomberg) -- Chile is likely to speed up the pace of interest rate reductions while Colombia may be preparing its first cut, possibly joining other Latin American nations that for months have been unwinding some of the world’s most aggressive monetary tightening campaigns. Most Read from BloombergApple Races to Tweak Software Ahead of Looming US Watch BanApple to Halt US Sales of Smartwatches After Patent LossGulf Splits Hinder US Efforts to End Houthi Ship AttacksUS Announces New Task ...
United States Giovanna Serafim El Nino Ricardo Bonilla Leonardo Suarez Rafael Gayol
Source: yahoo.com

Gold Price: Gold tops Rs 64,000 per 10 gm; wedding demand takes a hit, ET Retail

Gold Price: The yellow metal touched Rs 64,200 per 10 gm on the Multi Commodity Exchange (MCX) in early morning trade, taking a cue from the international market. Silver, which is termed as a poor man’s gold, also rose to a new high at Rs 78,331 per kg on the MCX. At around 4 pm, gold was trading a bit lower around Rs 63,850.
Suvankar Sen Jatin Trivedi Prithviraj Kothari Monil Jain Jerome Powell Multi Commodity Exchange

Gold price: Gold tops Rs 64,000 per 10 gm; wedding demand takes a hit

The yellow metal touched Rs 64,200 per 10 gm on the Multi Commodity Exchange (MCX) in early morning trade, taking a cue from the international market. Silver, which is termed as a poor mans gold, also rose to a new high at Rs 78,331 per kg on the MCX. At around 4 pm, gold was trading a bit lower around Rs 63,850.
Suvankar Sen Prithviraj Kothari Jatin Trivedi Monil Jain Jerome Powell Multi Commodity Exchange

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