Central bankers hold rates steady to assess impact of tariffs, global growth slowdown predicted.

From Yahoo Finance: 2025-03-22 05:00:00

Central bankers in the US, Japan, and UK opted for a patient policy approach, keeping interest rates steady to assess the impact of tariffs. Trump’s trade policies are slowing global growth, with the OECD predicting a slowdown to 3.1% this year. The US is expecting a massive influx of copper due to tariff concerns. Fed officials remain cautious about the economy, with retail sales lower than expected in February. In Europe, BOE rate-setters are divided on policy changes, while Euro-area inflation prompts debate on interest rate cuts. In Asia, China’s economy shows signs of resilience despite US tariffs, while South Korea’s semiconductor exports to China decline. India prepares for steel protectionism amid global market upheaval. Emerging markets brace for the impact of US protectionist policies. Turkish markets suffer after the detention of a political rival raises concerns about economic stability.



Read more at Yahoo Finance: Fed, BOJ and BOE Hold Rates as Tariffs Loom