Hot Week in Global Economy and Finance
Regardless of what is happening in the US elections and aside from the new equations in the battlefronts of Ukrainians with Russian invaders, and while the grim shadow of a potential new war between Israel and Lebanon seriously affects the Middle East equations, the world media will be dominated by the central banks of different countries this week, as it is a week of major policy meetings of central banks of important world economies.
The most important event will be the Federal Reserve of America, which will kick off its two-day decision-making and monetary policy announcement starting from Tuesday. Fresh predictions indicate that it is not unlikely for Jerome Powell to cut interest rates by 0.5%, which would be a significant change, although a 0.25% cut is more probable.
Central banks of Britain, Norway, Brazil, and South Africa will also announce their monetary policies by Friday, adding to the heat of global finance and economy this week. The Bank of Japan will conclude its meeting on Saturday, making this particular meeting highly significant due to the fluctuations in Japan’s monetary equations.
Experts believe that the trend of declining interest rates in different countries has started in different ways and under the specific conditions of each country and will continue. The European Central Bank announced a new interest rate cut last week, and the situation of stock markets and financial flows of banks in countries will be interesting not only during this week but also after the announcement of new policies by all central banks.
