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Added on the 06/02/2024 15:33:43 - Copyright : AFPTV - First images
Federal Reserve chair Jerome Powell says that the "time has come" for the United States to start cutting interest rates. "The time has come for policy to adjust," he says in a keynote speech at the Jackson Hole Economic Symposium in the US state of Wyoming, according to prepared remarks, adding: "The direction of travel is clear." SOUNDBITE
The Bank of England's governor announces a cut to its main interest rate for the first time since the Covid pandemic broke out in 2020, as British inflation has retreated in recent months. Andrew Bailey called it a "finely-balanced" decision, with policymakers agreeing on a cut by five votes to four. Bailey added, "we need to be careful not to cut rates too much or too quickly". SOUNDBITE
The US Federal Reserve left its key lending rate unchanged on and penciled in just one rate cut this year, down from the three expected in March. SOUNDBITE
Argentine police use gases against lawmakers and protesters during a demonstration outside Congress as senators debate one of far-right President Javier Milei's key reform packages. The five lawmakers affected were hospitalized, according to opposition congresswoman Cecilia Moreau. IMAGES
Supporters of the Bharatiya Janata Party (BJP) celebrate outside the party's headquarters as Prime Minister Narendra Modi looks set to triumph in India's election. IMAGES
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