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
Huw Pill warns inflation could rebound as UK business survey signals economy strengthened over last monthThe prospects of a summer cut in UK interest rates have receded after the Bank of England’s chief economist said inflation must be squeezed out of the economy and cautioned against cutting too soon.After a key survey signalled strong sales across the private sector over the past month and the London stock market rose to a record high, Huw Pill said concerns remained that inflation, which is...
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.
The 2024 NFL Draft is now just three days away, and it still feels pretty unpredictable after USC quarterback Caleb Williams goes first overall to the Chicago Bears. It could get even crazier if the New England Patriots decide to trade their third-overall pick to accumulate assets for their massive rebuild. According to Dianna Russini […]
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 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.