‘More restrictive policy’ may still be needed
Andrew Bailey, governor of the Bank of England, waits to deliver a lecture at the London School of Economics in London, UK, on Tuesday, May 21, 2024. Bloomberg | Bloomberg …
Central banking
‘The time has come for policy to adjust’
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on July 31, …
Taylor Swift Eras Tour unlikely to impact BOE rate policy
Taylor Swift performs onstage during “Taylor Swift | The Eras Tour” at Wembley Stadium on August 15, 2024 in London, England. Gareth Cattermole/tas24 | Getty Images Entertainment | Getty Images …
Brits snap up lower mortgages as BOE cut boosts market
Richard Newstead | Moment | Getty Images LONDON — Britain’s biggest high street lenders are continuing to slash borrowing costs after the Bank of England’s first interest rate cut in four years …
Goldman Sachs cuts odds of U.S. recession to 20% on fresh data
Goldman Sachs has cut its probability forecast for a U.S. recession to 20% shortly after raising it, as fresh labor market data sparked a reassessment of market views on the …
RBNZ cuts cash rate by 25 basis points; lowers rate forecasts
A security guard stands in the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. David Gray | Reuters The Reserve …
Australia’s central bank says current policy causes households pain
Australia’s central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening …
Stoxx 600, central bank decisions, UK retail sales
LONDON — European stocks were lower Friday morning as investors monitored a slew of central bank decisions and data releases. The pan-European Stoxx 600 index had extended losses to 0.85% …
Bank of England interest rate decision June 2024
General view of the Bank Of England building in London. Sopa Images | Lightrocket | Getty Images LONDON — The Bank of England on Thursday opted to keep interest rates …
Switzerland trims key interest rate to 1.25% in second cut of the year
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | Reuters The Swiss National Bank on …