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.
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.
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.
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.
Most of this week has been dominated by discussions about when the Bank of England will start cutting interest rates.
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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.]]>
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 […]