UK interest rates are too restrictive
At 4.5 per cent, the bank rate is well above most estimates of the so-called neutral rate, the point at which monetary policy is neither expansionary nor contractionary. Inflation is close to target, ...
gulftoday2h
Global stock markets wobble, gold shines as tariff uncertainty looms
US stock markets retreated and gold hit a fresh high Tuesday as traders kept a nervous eye on US President Donald Trump’s ...
LIVE: FTSE 100 and US stocks slip as Powell says there's 'no hurry' for rate cuts
The FTSE 100 was higher and European markets were mixed on Tuesday morning as the EU said it would respond to new US tariffs on steel and aluminium imposed by Donald Trump. The FTSE 100 ( ^FTSE) rose ...
Bank of England chief fuels hopes of faster interest rate cuts... but only because Labour's jobs disaster will hold down inflation
Catherine Mann, a member of the rate-setting Monetary Policy Committee, insisted a predicted rise in prices would likely just ...
Chase Bank cuts savings payouts on two February dates in unwelcome message
Chase Bank has issued an unwelcome message to customers as it drops payouts twice. The online-only US bank, which has ...
Powell says Fed not 'in a hurry' to cut interest rates with 'economy remaining strong'
Federal Reserve Chair Jerome Powell will tell the Senate banking committee the Fed isn't "in a hurry" to resume its interest rate cutting campaign.
Evesham Journal4h
Barclays warning for customers as interest rates drop
Barclays has announced it will be dropping savings rates on two popular accounts. The Everyday Saver will drop from 1.50% to just 1.25% on balances up to £10,000, while the Rainy Day Saver will fall ...
Metals get sold early on Tuesday
Th Bank of England (BOE ) cut rates last week 25 Basis Points (1/4%) to 4.50%... The BOE thinks that they have defeated ...
Bank of England rate setter says inflation risk is falling after calling for jumbo rate cut
Mann's first vote for a cut during this cycle marked a departure from her comments in August, when she warned Britain not to ...
Another major bank cuts mortgage rates: Will cheapest deals head back below 4%?
The high street bank has reduced mortgage rates for both home movers and those remortgaging, by up to 0.36 percentage points.
Bank of England's Mann clarifies stance on interest rate cuts
Catherine Mann, a policymaker at the Bank of England (BoE), clarified her stance on interest rate cuts during a speech on ...
How low can European rates go?
In frequently declaring their monetary policy setting to be “restrictive”, European Central Bank president Christine Lagarde and Bank of England governor Andrew Bailey have raised the immediate follow ...