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.
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big question, after they end their latest policy meeting Wednesday, will be: Will they still signal rate cuts at all this year? Wall
After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year
Powell likely to signal that lower inflation is needed before Fed would cut rates
At its April 30 meeting, the Board of the Central Bank of Armenia decided to reduce the Refinancing Rate by 0.25 percentage points, setting it at 8.25%. The Lombard Repo Facility Rate was set at 9.75%. The Deposit Facility Rate was set at 6.75%.
The ECB has become "the central bank to be followed," one central bank governor said.
The pace of economic growth in the first three months of the year was far more sluggish than anyone expected—and inflation was much higher.
Federal Reserve policymakers are widely expected to hold the fed funds target rate at 5.25%-5.5%, but investors will look for insight from Chair Jerome Powell.
The central bank has said peer-to-peer lending platforms cannot offer any default loss guarantee (DLG) to investors, as it furthers scrutiny on the digital lending sector.The Reserve Bank of India’s directive dated April 26 is likely to impact operations of P2P platforms that relied on affiliates such as Uni, MobiKwik, BharatPe, Rupifi and others to source customers, industry executives said. Some prominent P2P startups with a strong affiliate business are Lendbox, LiquiLoans, Faircent and...
World Bank Report Highlights Advantage Of Central Bank Gold Revaluation Accounts By Jan Nieuwenhuijs of Gainesville Coins Recently the World Bank released a handbook for asset managers on why to invest in gold. At Gainesville Coins I have written numerous articles on gold revaluation accounts and how these can be deployed by central banks to absorb losses in case of emergency. The World Bank has taken notice of my research as they allude to this practice in a chapter on reserve...
Banks are increasingly carrying out checks to verify that their customers are not laundering money, financing terrorism or violating sanctions, De Nederlandsche Bank (DNB) said on Monday. At the same time, the Dutch central bank noted that some banks are delaying or scaling back improvements to their controls and checks. As a result, they have to do more to get their controls in order.
3M is snapping its decades-long streak of dividend hikes, yet it's the best Dow Jones stock Tuesday. Here's what you need to know.