Central banking
UK inflation falls to Bank of England’s 2% target ahead of elections
Shoppers on the high street in the Kingston district of London, U.K. Bloomberg | Bloomberg | Getty Images U.K. inflation fell to the Bank of England’s target of 2.0% in May, the Office for National Statistics said Wednesday, in the last print of the key economic measure ahead of national elections in July. The headline […]
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Taylor Swift’s London Eras Tour could delay Bank of England rate cut, analysts say
Taylor Swift performs on stage during during “Taylor Swift | The Eras Tour” at Anfield on June 13, 2024 in Liverpool, England. Gareth Cattermole/tas24 | Getty Images Entertainment | Getty Images LONDON — Taylor Swift’s record-shattering Eras Tour is continuing to supercharge consumer spending as it enters it U.K. leg, suggesting that the Bank of […]
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Bank of Japan set to reduce JGB purchases, stands pat on interest rate
The Bank of Japan is largely expected to hold interest rates steady at the end of its 2-day meeting ending June 14, 2024. Seen here, the Japanese flag flying high at the BOJ headquarters in Tokyo. Kazuhiro Nogi | Afp | Getty Images The Bank of Japan kept its benchmark interest rate unchanged on Friday, […]
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Fed holds rates steady, indicates only one cut coming this year
The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before the end of the year. With markets hoping for a more accommodative central bank, Federal Open Market Committee policymakers following their two-day meeting took two rate reductions off the table from the three indicated in […]
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European Central Bank set to cut rates for the first time since 2019
President of the European Central Bank (ECB) Christine Lagarde arrives to address a press conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on April 11, 2024. Kirill Kudryavtsev | Afp | Getty Images FRANKFURT — The European Central Bank this week is set to cut borrowing […]
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Turkey’s inflation passes 75% in what economists think is peak
Town scene Yeni Camii wonderful mosque by Golden Horn of Bosphorus River, Topkapi Palace, Hagia Sophia Istanbul, Republic of Turkey Tim Graham | Getty Photographs Inflation in Turkey topped 75% in Might in what economists hope to be the peak right before costs commence to relieve. Consumer selling prices rose 75.45% in Might on an […]
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Euro zone inflation rises to 2.6% in May perhaps, but bloc still observed heading for interest charge slice
General perspective of the centre of Corfu with a small restaurant in Outdated City in Corfu, Greece, in May 2024. Sopa Images | Lightrocket | Getty Illustrations or photos Inflation in the euro zone rose to 2.6% in May well, data agency Eurostat stated Friday, but a increased-than-envisioned print did not sway current market bets […]
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European Central Bank’s Knot claims financial coverage to relieve ‘gradually,’ as marketplaces brace for June amount minimize
Klaas Knot, president of De Nederlandsche Lender NV, on the sidelines of the Group of 20 (G-20) finance ministers and central financial institution governors assembly in Gandhinagar, India, on Tuesday, July 18, 2023. Bloomberg | Bloomberg | Getty Visuals LONDON — European Central Financial institution Governing Council member Klaas Knot stated it would “shortly” be […]
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Fed’s Kashkari wants to see ‘many more months’ of positive inflation data before a rate cut
LONDON — The Federal Reserve should wait for significant progress on inflation before cutting interest rates, Minneapolis Federal Reserve President Neel Kashkari told CNBC Tuesday. Asked what conditions were needed for the Fed to cut rates once or twice this year, Kashkari said: “Many more months of positive inflation data, I think, to give me confidence […]
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The time is ripe to cut interest rates next week, European Central Bank’s Rehn says
Two key European Central Bank figures on Monday threw their weight behind the prospect of an interest rate cut next week, indicating that it is practically a done deal. In a speech on Monday, Olli Rehn, ECB governing council member and head of Finland’s central bank, stressed that inflation in the euro area was falling […]
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