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Economy

Bank of England cuts its main interest rate by a quarter point to 4%

The rate cut is the bank’s fifth since last August, when policymakers began to lower borrowing costs from a 16-year high of 5.25%.

Economy

Trump narrows Fed chair shortlist, excluding Treasury Secretary

Trump said in an interview with CNBC that he had removed Treasury Secretary Scott Bessent from consideration for Fed chair because Bessent wanted to remain in his current role.

Economy

Fed's Powell leaves interest rates unchanged despite Trump demands

The Fed left its key short-term interest rate unchanged for the fifth time this year, at about 4.3%, as was expected.

Economy

Watch Fed Chair Jerome Powell react to US President Donald Trump

The Federal Reserve Chair and the US President got into a disagreement over costs at a tour of the Fed’s office building renovation in Washington on Thursday.

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Economy

ECB hits pause button: Here’s why Lagarde isn’t rushing things

The European Central Bank kept rates unchanged as inflation hit its 2% target. Lagarde urged patience, citing global risks and reaffirming a data-driven approach.

Economy

European Central Bank leaves key deposit rate unchanged at 2%

The European Central Bank kept its benchmark interest unchanged, in line with analyst estimates.

Economy

Will the ECB cut the key rates again? US tariff impact is crucial

The European Central Bank will likely hold off on making another interest rate cut on Thursday, choosing to wait until it can measure the size of any economic blow from higher US tariffs.

Markets

Ex-star trader Tom Hayes cleared as rate-rigging convictions quashed

A decade-long battle ended on Wednesday when the UK Supreme Court overturned the convictions of two former city traders, Tom Hayes and Carlo Palombo, who were at the centre of one of the largest financial scandals following the 2008 financial crisis.

Economy

US inflation accelerates to 2.7% as Trump's tariffs start to bite

Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances.

Economy

Bank of England holds interest rates amid intensifying inflation risks

As widely expected, the Bank of England kept interest rates on hold as fears grow that the conflict between Israel and Iran will escalate to involve the United States. This would likely send oil prices soaring and push UK inflation further above target.

Economy

Swiss central bank cuts interest rate to zero to fight deflation

The step was widely anticipated but fuels concerns over a potential return to negative rates.

Economy

Federal Reserve keeps interest rates unchanged amid tariff uncertainty

Trump has slammed the US Federal Reserve Board chief Jerome Powell, calling him “stupid”, as the federal agency holds off on interest rate changes as it anticipates economic decline in the wake of the US president’s global tariff policies.

Economy

German economic morale soars in June: 'Confidence is picking up'

Germany’s economic sentiment soared to 47.5 in June, its highest since March, driven by stronger demand and policy support. But European stocks fell as Israel-Iran tensions escalated, oil prices rose, and investors awaited the Fed’s policy decision.

Economy

Swiss deflation fuels talks of negative interest rates: Is SNB ready?

Switzerland may become the first advanced economy to revive negative interest rates, as inflation turned negative in May for the first time since 2021.

Economy

ECB lowers rates for the eighth time as trade tensions threaten growth

The central bank lowered its benchmark interest rate by a quarter point, in line with analyst estimates.

Economy

Eurozone inflation falls below ECB 2% target in May: Rate cut in sight

Eurozone inflation fell to 1.9% in May, below forecasts, boosting expectations of an ECB rate cut on Thursday. Core inflation also eased to 2.4%. The euro slipped and bond yields fell as markets priced in a 25bp rate cut to 2.0%.

Economy

Japan's economy shrinks as Trump trade war hits exports and confidence

The contraction strengthens the argument for increasing spending incentives in Japan as the economy prepares to take a hit from Trump's tariffs.

Economy

Bank of England cuts main interest rate as US tariffs threaten growth

The 25 basis point cut to 4.25% was widely expected by economists.

Economy

Will the Federal Reserve ignore Trump and keep rates stable this week?

While the US Federal Reserve is still under significant pressure from the Trump administration to slash interest rates, some experts believe that rate cuts may not come for another few months at least.

Economy

Eurozone inflation tops expectations: ECB rate cuts in jeopardy?

Eurozone inflation surged more than expected in April, as the impact of trade tariffs began to reverberate through the consumer basket, posing a fresh challenge for the ECB.