With the European Central Bank (ECB) cutting interest rates by 25 basis points on 6th June, 2024, the financial community is abuzz with speculation regarding when the Bank of England (BoE) will follow suit. This potential change would reverse the rate-hiking cycle that has marke...
the median of the new FOMC projections show a rate cut in 2024 despite pencilling in an above-target core PCE (personal consumption expenditure) inflation of 2.3 per cent for the year. This shows that the median forecaster in the committee wishes to cap the real interest rate in the US at...
The European Central Bank, meanwhile, left interest rates unchanged after last month’s landmark cut. The ECB is weighing whether euro-zone inflation is cooling sufficiently to allow further monetary loosening. Economic growth in China, meantime, fell short of nearly all projections, with second-qu...
Research group Capital Economics said the print "firmly rules out" a BOE December rate cut. However, the overall inflation figures were broadly in-line with BOE projections, George Dibb, associate director for economic policy at the Institute For Public Policy Research (IPPR), said by email. "...
What does a Labour win mean for interest rates? With Labour now destined for power in the U.K., analysts are now discussing what this might mean for the Bank of England and interest rate expectations. Sanjay Raja and Shreyas Gopal from Deutsche Bank sent the below comments in a flash res...
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Extreme precipitation is projected to intensify with warming, but how this will manifest locally through time is uncertain. Here, we exploit an ensemble of convection-permitting transient simulations to examine the emerging signal in local hourly rainfal
Quarterly growth has trended down throughout 2024 with GDP at 0.7% in Q1, 0.4% in Q2 and 0% in Q3. On a monthly basis, GDP fell by 0.1% in September and October, according to the ONS. Last week, the Bank of England (BoE) held...
Quarterly growth has trended down throughout 2024 with GDP at 0.7% in Q1, 0.4% in Q2 and 0% in Q3. On a monthly basis, GDP fell by 0.1% in September and October, according to the ONS. Last week, the Bank of England (BoE) held its key in...
Although most forecasts believe UK inflation will fall below 2 per cent during 2024, economists also think the central bank will need to raise interest rates above the current 4.25 per cent rate to achieve this. Financial markets have priced in a quarter-point rate rise for May and further ri...