Reported 2 days ago
Central banks in the US, Japan, and the UK have decided to maintain their interest rates, adopting a cautious approach to assess the economic impacts of rising tariffs. The Federal Reserve, Bank of Japan, and Bank of England paused rate changes, reflecting concerns over economic slowdown and inflation prompted by trade policies. As global trade tensions escalate, the OECD predicts a slowdown in global growth, with various nations, including China and India, considering protective tariffs. The economic landscape remains uncertain as countries navigate potential challenges posed by increased protectionism.
Source: YAHOO