Our Scans · (FS.1.02) Central Banking · Weekly Summary

• [New] Where unfairness is established, consumers will receive compensatory interest at the Bank of England base rate + 1%. KPMG
• [New] Interest Rate Divergence: The ECB is expected to continue cutting rates, whereas the Fed remains on hold, for now. Fusion Markets | Low Cost Forex Broker
• [New] Diverging Monetary Policies: Whilst the Federal Reserve remains cautious about rate cuts, the European Central Bank and Bank of Japan (BOJ) are expected to ease policy further. / USA Fusion Markets | Low Cost Forex Broker
• [New] The OECD expects two more interest rate cuts from the Bank of England, taking the key rate to 3.5%. BBC News
• [New] President Christine Lagarde maintained that the ECB's Monetary Policy settings remain in a good place, and that the Governing Council will continue to take a data-dependent, meeting-by-meeting approach when considering the appropriateness of monetary policy. Royal London Asset Management
• [New] The divergence in monetary policy, the narrowing of the economic growth gap, and the undermining of confidence in the greenback due to US policies will allow the EUR / USD pair to continue its rally. LiteFinance
• [New] There is hope the choices made will enable the Bank of England to cut interest rates further. BBC News
• [New] The Bank of England is expected to cut interest rates to 3.75% from 4% next month, potentially delivering a boost to consumer confidence. The Times
• [New] The Bank of England is likely to reduce interest rates in December, followed by another cut early 2026. Downing Courtney & Larkin
• [New] Expectations have risen that the Bank of England will cut interest rates in December, on the back of the autumn budget. Yahoo Finance UK
• [New] The US dollar has come under pressure amid rising expectations that the Federal Reserve will cut interest rates in the December meeting. investing.com
• [New] The European Central Bank will wait until its monetary policy portfolios are reduced considerably before introducing its new structural operations, a member of the Bank of Finland's board has said. Central Banking
• [New] The Monetary Policy Committee of the National Bank of Kazakhstan has decided to keep the base rate unchanged at 18%, citing updated macroeconomic forecasts and a continued balance of inflationary risks. The Astana Times
• [New] Fidelity's Roemheld expects the ECB to continue its interest rate pause. Morningstar, Inc.
• [New] Recent remarks from Federal Reserve officials have indicated that the Fed is pivoting towards a dovish outlook, as the rate of quantitative easing is expected to hasten in the final months of 2025. / USA Yahoo Finance
• [New] The Bank of Canada indicated during its most recent interest rate decision that it expects inflation to stay close to its 2% target in the coming months. CBC
• A senior figure within the European Central Bank is raising the alert level over the rapid expansion of stablecoins, arguing that their growing influence could one day interfere directly with the ECB's monetary decisions. Cryptodnes EN
• More demand for U.S. Treasury paper will, it's again hoped, boost prices for U.S. debt obligations and thus lower the interest rate paid by the U.S. Treasury and U.S. taxpayers. The Atlantic
• European Central Bank argues that without strategic action, the euro area could lose control over settlement assets and see capital flow into dollar-based digital currencies at the expense of domestic currency systems. Crypto Economy
• In the short term (late 2025-2026), EMs are likely to face continued currency pressures, heavily influenced by the pace of U.S. Federal Reserve rate cuts and the dollar's strength. FinancialContent
• The Bank of England should step up efforts to address climate - and nature-related risks if it is to tackle inflation and head off financial instability, the WWF has said. Climate Proof
• Bank Negara Malaysia is expected to keep the Overnight Policy Rate at 2.75% when it announces its final monetary policy decision for the year. Yahoo Finance Singapore

Last updated: 04 December 2025