The Federal Reserve has left interest rates unchanged in its latest policy statement. The central bank stated that a rate cut is not imminent, but it has indicated that it may be open to lowering rates in the future if inflation continues to decrease. The new statement also acknowledged concerns about employment and highlighted the need to carefully assess incoming data and the balance of risks. This announcement disappointed investors who were expecting rate cuts to begin as early as March.
The RBI’s high-powered rate setting panel on Wednesday began its 3-day brainstorming on the next set of bi-monthly monetary policy amid expectation of continued pause on the short-term key lending rate as GDP growth is gaining momentum, and inflation manageable.