BoE approved a 25bp rate cut with a 5-4 vote; two members dissented, favoring no change

As anticipated, the Bank of England (BoE) reduced the Bank Rate by 25 basis points to 4.25%, citing easing inflationary pressures. The BoE intends to maintain a "gradual and careful approach" to further monetary easing, given the unpredictable global economic environment. Within the Monetary Policy Committee (MPC), Swati Dhingra and Alan Taylor advocated for a larger 50 basis point cut, while Catherine Mann and Huw Pill voted to hold rates steady. The majority of MPC members who supported the 25 bp cut attributed their decision primarily to global trade tensions, w hile the others saw a cut ...

Australia: The Labor Party remains and, with it, stimulative economic policies keeping RBA vigilant

At the federal election on May 3rd, Prime Minister Albanese was re-elected as Australia’s leader with the Labor Party wining a landslide victory. For sure, the President Trump has arguably helpedAlbanese, as Australian voters superimposed Trump’s strategies on the Coalition’s policies.  Beyond Trump, Albanese’s campaign has focused on alleviating the cost of living and improving housing affordability, which has surely helped towards his re-election.As announced at the March Budget (Chart 1), the Labor’s economic policies are stimulative, providing cost-of-living relief and supporting cleaner e...

FOMC のまとめ：事態の沈静化を待つ