US jobs data

Weekly Economics Wrap 6-13 February 2025: Key Developments in Global and Regional Markets

Namibia: Interest Rate Cut and Oil & Gas Capacity Building The Bank of Namibia has lowered its key interest rate for the fourth consecutive monetary policy meeting, aiming to support economic growth amid stable inflation projections. On Wednesday, the central bank cut the repo rate by 25 basis points to 6.75%, following similar reductions in its last three policy decisions. The move is expected to provide relief to borrowers while […]

February 13, 2025 19

World

US job far exceeded expectations in March

The US economy added 303,000 jobs in March, many more than expected, according to new data on Friday. Analysts warn the ongoing strength of the labour market, and inflation high above the Federal Reserve's 2% target, could see the central bank keep interest rates higher for longer. Sally Patterson reports.

April 8, 2024 66

World

Asian markets drop as traders temper rate cut bets

Stocks fell Tuesday, extending the sell-off seen on Wall Street, with analysts warning November's rally fuelled by bets on interest rate cuts may have gone too far, forcing traders to take a step back. Markets surged last month as data pointing to slowing inflation and softer job markets combined with a dovish turn by Federal Reserve officials to stoke expectations they will next year begin loosening monetary policy. Those hopes […]

December 5, 2023 6