Trump Wins: Will BI Dare to Cut Rates?
Monday, November 11, 2024
BI faces a dilemma over cutting rates amid the global volatility stirred by Trump’s victory.
FINANCIAL markets should prepare for a turbulent period ahead as Donald Trump returns to the presidency. His strong commitment to protectionist economic policies and plans to increase import tariffs could spark a trade war with China, the United States’ largest trading partner. In the medium to long term, this shift may drive US inflation higher and lead to rising interest rates.
Signs of this trend are already reflected in the rising yiel
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