11/19/2024
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*The Central Bank of Mexico may continue cutting its interest rate.
*On Tuesday, Germany's central bank stated that Germany´s economy is likely to stagnate in 4Q24 as the labor market continues to weaken and potential new trade tariffs loom.
*According to a Reuters poll, China is widely expected to leave its benchmark interest rates unchanged on Wednesday, as the Yuan faces renewed pressure with Donald Trump returning to the White House.
*On Tuesday, Bank of England officials said that the main concern in gradually reducing interest rates is the potential inflationary impact of tax hikes implemented by the new British government.
*Next month, the Bank of Japan will publish its findings on the pros and cons of various unconventional monetary easing tools used in its 25-year battle against deflation, marking another symbolic step toward ending its massive stimulus program.
*Oil prices fell on Tuesday, pressured by the restart of production at Norway's Johan Sverdrup oil field, though investor caution over fears of an escalation in the Russia-Ukraine war limited the decline.