The Bank of England 's governor last night forecast another big drop in inflation after it fell to the lowest level since September 2021.
The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
Andrew Bailey says inflation is in line with BoE forecasts but view of markets is that data will delay interest rate cutsAnalysis: Sunak hopes of pre-election rate cuts frustratedThe governor of the Bank of England, Andrew Bailey, has shrugged off a smaller-than-expected drop in inflation last month, saying he expected a sharp fall towards the government’s 2% target next month.Speaking in Washington after news that the government’s preferred measure of the cost of living had eased to 3.2% in...
Dave Ramsden, one of the nine Monetary Policy Committee (MPC) members, told an audience in Washington that he was now "more confident" that inflationary pressures were receding.
The Commonwealth Bank, Australia's biggest home lender, is now warning borrowers: 'The near-term risks sits with an interest rate hike.'
The Commonwealth Bank is now warning Australian borrowers to prepare for a possible rise in interest rates.Australia's largest property lender has changed its forecasts to say there will be just one rate cut in 2024, rather than three as recently predicted.However, Gareth Aird, head of Australian economics at the CBA, said a rate hike could not be ruled out in the coming months as underlying inflation metrics were still high.Another rate hike in 2024 would push the key rate to 4.6 percent, the...
The group reviewed the apps and websites of Britain's 13 largest current account providers between January and February, with assistance from computer security experts.
The Judo Bank is now forecasting the Reserve Bank will raise interest rates three times in 2024. This would see borrowers paying the highest rates in almost 16 years.
Michael Cohen assured David Pecker that Donald Trump would ‘take care’ of a $150,000 payment to kill a story from Karen McDougal, the former National Enquirer publisher testified on Thursday
Judo Bank now predicts the Reserve Bank will raise interest rates three times in 2024 to levels not seen in 16 years - increasing the average mortgage repayment by $300 a month.The bank's chief economic adviser, Warren Hogan, forecast the key interest rate will rise to 5.1 percent by Christmas, from a 12-year high of 4.35 percent. Rate hikes in August, September and November this year would see the Reserve Bank of Australia's key interest rate reach levels last seen in December 2008 during the...
Independence should not mean the Bank of England is shielded from government scrutiny and accountability to the public, says Damian Pudner Last week, a striking disclosure by former prime minister Liz Truss reignited the debate on the delicate balance between political authority and the operational independence of central banks – a topic with profound implications []
WASHINGTON >> A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.