The People's Bank of China (PBoC) announced on Monday it will keep its one-year loan prime rate (LPR) unchanged at 3.45%. Additionally, the bank's five-year loan prime rate remained at 3.95%,
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.
Most of this week has been dominated by discussions about when the Bank of England will start cutting interest rates.
HOPES are fading that the Bank of England will soon lower rates and take the pressure off squeezed Brits. Megan Greene, one of the Bank’s rate-setters, yesterday said that interest rate cuts “shoul
Consumers face the prospect of permanently higher interest rates amid geopolitical tensions and “slower globalisation”, a Bank of England official has warned.]]>
Markets think the Bank of England will cut interest rates just twice in 2024 reflecting concerns around the persistence of inflation.
The Bank of England 's governor last night forecast another big drop in inflation after it fell to the lowest level since September 2021.
A perfect start didn't turn into a perfect storyline as Liverpool won on
The results from JPMorgan, Wells Fargo, and Citigroup mark the start of earnings season for America's banks as investors watch for signs of how high interest rates are affecting lenders.
The ECB has become "the central bank to be followed," one central bank governor said.
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.
JPMorgan Chase, the nation's largest lender, kicks off earnings for the industry on Friday, followed by Bank of America and Goldman Sachs next week.