Moreover, the GDP forecast for the same period in 2024 was also cut from 0.6% to 0.3%, as was the relevant forecast in 2025 (from 0.8% to 0.3%). All told, they add up to a long period of insipid economic growth. ChancellorJeremy Huntsaid it was "encouraging" that the Bank h...
“The Bank of England has raised interest rates to 3 per cent, a level not seen since 2008. This is the eighth increase in a row and the biggest single rate rise since the late 1980s. The Bank’s inflation forecasts have also been announced which show that CPI is expected to remain h...
The National Bank expects inflation to rise in the third quarter of this year to 7.9% and peak in the first quarter of 2025 at 9.7%, after which the rate will begin to decline. "However, inflation will remain moderate, at 8.5% at the end of the year, the NBU's updated forecast show...
The Bank of England base rate has now been at the record low level for a year. The Bank of England’s Monetary Policy Committee (MPC) voted unanimously nine to zero to keep the base rate at 0.1%. The MPC’s central projections in the February Monetary Policy Report assumed that Covid-...
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Bank of England –The MPC has kept policy on hold since last August. We think Bank Rate has peaked at 5.25%. The BoE is in full data-dependent mode, and UK macro data has been erratic over the past year. We do not expect rate cuts until next August. The risk is tilted towards som...
Bank Indonesia projected to cut benchmark interest rate by 50 basis points by end of 2024 Tech Philippines to lift moratorium on digital banking licences starting January 2025 Data Bank Negara Malaysia expected to keep interest rates steady amid inflation concer...
For 2025, the Bank's GDP growth forecast is relatively unchanged at 2.1%. Despite the dovish overall tone in the statement, we're still below the Bank in terms of expected GDP growth next year. This reflects our relatively more cautious view around consumption (and housing) that will ...
JERUSALEM (AP) — A Jewish settler shot dead a Palestinian man harvesting olives near the West Bank city of Nablus, the man’s uncle said Sunday. This brings the number of Palestinians reported killed by settlers to seven since Hamas’s bloody incursion into Isra...
The BoE forecast that consumer price inflation would “fall temporarily” to its 2 per cent target in the second quarter before increasing during the remainder of this year. It warned that headline inflation would remain “above target over nearly all of the remainder of the forecast period”, ...