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Interest rates
Global Financial Markets Reel as Central Banks Signal Slower Rate Cuts for 2025
Leading central banks have delivered a stark warning to markets, indicating that inflation's persistence will lead to a more gradual approach to interest rate cuts in 2025. This cautious stance has triggered significant movements in bond…
UK Inflation Climbs to 26 Percent as Bank of England Weighs Rate Decision
British inflation rose to 2.6 per cent in November, reinforcing expectations that the Bank of England will maintain current interest rates during Thursday's monetary policy meeting. The increase, reported by the Office for National…
US Markets Soar as Fed Rate Cut Looms Despite Inflation Uptick
The technology-heavy Nasdaq achieved a historic milestone on Wednesday, breaking through the 20,000-level barrier for the first time, as markets responded positively to US inflation data that strengthened expectations of a Federal Reserve…
Bank of England Rules Out Interest Rate Forecast Publication in Major Reform Plan
The Bank of England has indicated it is unlikely to publish interest rate forecasts from its monetary policy committee as part of its comprehensive operational overhaul. Clare Lombardelli, deputy governor, expressed concerns that such…
Bank of England Governor Warns Tax Rises May Delay Interest Rate Cuts
The Bank of England's governor has cautioned that recently implemented business tax increases could potentially delay future interest rate reductions. Speaking to MPs on the Treasury select committee, Andrew Bailey expressed concerns about…
Bank Of England Set For Second Interest Rate Cut To 4.75 Per Cent
The Bank of England stands ready to implement its second interest rate reduction of the year, with economists widely expecting a cut to 4.75 per cent at Thursday's meeting. The nine-member Monetary Policy Committee (MPC) is predicted to…
Fed Set To Cut Interest Rates By Quarter Point Despite US Election Uncertainty
The Federal Reserve appears ready to implement a quarter-point reduction in its benchmark policy rate next week, maintaining its strategic direction despite a skewed employment report and clouded economic policy outlook surrounding the…
Lloyds raises forecast on house prices
The UK's largest mortgage lender, which is also the country's largest bank by assets, has raised its expectations for house prices to rise this year. It has also posted a better-than-expected quarterly profit as customers are more…
IMF raises forecast for UK economy to 1.1% growth
The International Monetary Fund has given the UK one of the largest growth upgrades of any advanced country this year. This is a great boost for chancellor Rachel Reeves as she prepares to present her first Budget.
The Washington-based…
Goldman Sachs predicts that UK interest rates will fall to 2.75% next autumn
A leading investment bank predicted that interest rates will fall to 2.75 percent by the autumn of next year after the Bank of England lowers the cost of borrowing in each of the nine meetings it holds.
The economists at Goldman Sachs…
UK interest rates could fall to as low as 2.5% in the coming year
Goldman Sachs forecasts that the Bank of England will cut interest rates faster than investors expect over the next 12 months.
Researchers from the Wall Street Investment Bank said that UK's real underlying interest rate has increased to…
What is the impact of falling inflation on borrowers and savings?
The Bank of England has predicted that the base rate will be further reduced this year due to a larger-than expected fall in consumer price inflation. This is good news for homeowners.
CPI dropped from 2.2% in the previous year up to…
Bank of England Chief Economist warns against cutting interest rates too much
The Bank of England chief economist stated that interest rates should fall slowly and remain higher in the long term to combat stubborn inflation. This suggests a growing disagreement among central bank rate-setters.
Huw Pill predicted…
Andrew Bailey: Bank could be aggressive in cutting interest rates
Andrew Bailey said the Bank of England may become "a bit more aggressive" with its interest rate reductions if inflation continues decreasing. Analysts suggest the Bank might embark on successive rate cuts continuing through next year. The…
The Pound is on track to reach its highest level against the US Dollar since 2021
Goldman Sachs predicted that the pound will reach its highest level against the US Dollar since 2021, thanks to the UK's growing economy and the Bank of England lowering interest rate gradually.
The US investment bank predicted that the…
Andrew Bailey: Interest rates are not likely to drop rapidly.
The Bank of England governor has stated that interest rates will continue to fall slowly, even as inflation is brought under control. They are unlikely to return near zero rates of previous decades.
Andrew Bailey was "very encouraged by…
The Fed is expected to cut interest rates again, and traders are betting on this.
The US Federal Reserve is expected to cut interest rates again in November. This has led traders to increase their bets, boosting hopes that the US economy will avoid a recession. Investors think there is a 53 per cent chance that the Fed…
Interest rates in the UK held at 5%
After voting 8-1 to not change monetary policy, the Bank of England held interest rates at 5%.
The nine-strong monetary committee announced that it would adopt a "gradual" approach to lowering the interest rates, as the inflation rate is…