Czech National Bank Vice-Governor Eva Zamrazilova hinted at a potential interest rate cut of 25 or 50 basis points at the upcoming May 2 meeting. This move comes amidst the bank’s easing cycle that began in December 2023. Notably, the Czech Republic maintains its own monetary policy through the Czech National Bank (CNB) as it has not adopted the euro.
Results for: Interest Rate Cut
The FTSE 100, London’s benchmark stock index, has reached its highest level ever, closing at a record-breaking 8,023.87 on Monday. The rally is attributed to easing geopolitical tensions, an improved economic climate, and expectations of a potential UK interest rate cut. Financial analysts suggest that the rally is being fueled by the anticipation of interest rate cuts in the UK, which could arrive sooner than in the US. The stronger dollar has also contributed to the rise in the FTSE 100, as many large international firms listed on the index generate earnings in dollars and report them in pounds. This makes them more profitable when the dollar strengthens, giving a lift to London’s stock markets.