All signs point to a hold on the official cash rate at 5.5 per cent when the Reserve Bank of New Zealand meets for the second time this year. The nine members of the New Zealand Institute of Economic Research’s shadow board are all tipping no change to the rate as are economists at Kiwi […]
Households expect inflation to be 3% in a year. While that’s not up from the previous month, it’s also not down.
WASHINGTON (AP) — Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated
Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation. In a speech, Jefferson said he expects inflation to continue to slow this year. But he omitted a reference to the likelihood of future rate […]
Inflation’s up again in the U.S. while the EU is edging closer to its target. That brings the ECB to a bit of a fork in the road.
Hibs conceded an awful injury-time equaliser to Motherwell substitute Mark Ferrie on a day of high winds and rising drama at Fir Park – and saw their hopes of a top-six finish blown to smithereens. Dundee’s draw at Pittodrie was enough, in the end, to condemn Nick Montgomery’s men to a place in the bottom half of the Scottish Premiership. If arguments may rage over whether or not the Easter Road side deserve better for their efforts over the course of the season, the nature of this collapse – a...
Lower power rates may be expected this month due to lower generation and transmission charges, according to energy utility provider Manila Electric Co.
The ship crash that destroyed Baltimore’s Francis Scott Key Bridge and left several people dead is now under federal criminal investigation, according to a US official familiar with the matter. The FBI and the US Coast Guard are leading the criminal investigation into the disaster and whether the crew failed to report an earlier issue with the vessel that delayed its departure, the official said. The Washington Post first reported the investigation. The bridge collapsed around 1:30 a.m. March 26...
This week, the European Central Bank (ECB) is scheduled to convene the monetary policy meeting, offering clues on the interest rate path and the economic outlook. Additionally, the US will release its March inflation data, steering the global market’s sentiment.
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Rate cuts may not begin this year, some experts said.
It may, perhaps, seem odd that the Bank of England’s decision on interest rates should be effectively made by the market. But that is the case over the coming ten weeks, through the May and June rate decision. To fail to meet market expectations would, now, represent the final nail in the credibility of Andrew []