هل تلين السياسة التشددية للبنوك المركزية حول العالم؟
Category
🗞
NewsTranscript
00:00 The question about the end of the tightening of the policy for the central banks remains
00:07 even though inflation rates have become significantly lower than they were in the United States
00:14 after the data recorded a more than expected decline and a less than expected growth
00:20 for two years or more than two years for inflation rates and we are talking about June data.
00:26 Of course, the US Federal Reserve is the leader of the central banks in the direction of tightening the policy
00:31 but the European Central Bank and the Bank of England may have a different opinion
00:37 as for the East, China and Japan, the economies and the central banks may take a different approach.
00:46 Let's look at the Central Bank Week, which is scheduled to meet with members of the US Federal Reserve
00:53 and at a separate European Central Bank meeting.
00:57 All these meetings are expected to be held in July.
01:01 On 26 July, the US Federal Reserve is expected to raise 25 points of interest.
01:07 Jerome Powell previously said that there are 50 points of interest available to increase during 2023.
01:16 The markets are expected to add 25 points of interest to the interest rates
01:24 as the last increase according to the markets and the end of the tightening of the policy.
01:31 As for the European Central Bank, it seems that the scope is still wide for further increases in interest rates
01:38 especially since the inflation rates in the euro region are still much higher than the European Central Bank
01:46 when the inflation rates are 2%.
01:49 As for Japan, the Bank of Japan remains conservative in its easing policy
01:54 not in line with the low inflation rates in Japan.
02:01 It is expected that the interest rates will continue to be 10% lower in Japan.
02:08 The question here is between two theories that are being discussed.
02:14 The President of the Central Bank says that inflation may remain high for a longer period and requires further tightening.
02:22 This is met with a series of theories and questions.
02:26 One of them is that the US Federal Reserve has not raised interest rates since March 2022
02:35 since the beginning of the big increase in interest rates.
02:40 This may be a sign that the US Federal Reserve is ready to end the tightening of the policy.
02:50 Let's also look at the approach of the inflation rates at 2% when we talk about the US Federal Reserve.
02:57 In all this, we look at the inflation rates for the United States and other countries.
03:07 We are talking about 3% inflation rate for the United States, the first or least annual increase since March 2021.
03:16 We look at the European Central Bank or the Euro area, the inflation rates are at 5.5%.
03:22 This may also push the European Central Bank to raise interest rates.
03:28 As for Japan, we see that the inflation rate is 3.3% and that is above 2% for the 15th month on the decline.
03:41 In general, the European Central Bank and the rest of the world are heading towards further tightening
03:48 even if the interest rates are lower or at least the interest rates may remain high for the first quarter of 2024.