2 h. ago London stocks fall as BoE keeps rates on hold; Middle East tensions persist

London stocks fall as BoE keeps rates on hold; Middle East tensions persist  KITCO

Events

7 h. ago Interest rates: Hold for now but cheaper mortgages could be just weeks away

“You only have to look at recent moves in the mortgage market to see how tough the banks are finding it to price their deals right now”

Politics

7 h. ago Interest rates – live: Bank of England holds rate amid oil and inflation concerns

Rate remains at 4.25 per cent as experts look to balance higher inflation with economic growth

Economics

7 h. ago Bank of England holds interest rates at 4.25% amid fears Middle East crisis and rising food inflation could increase cost

Most economists had predicted that the Bank of England's Monetary Policy Committee (MPC) would opt to keep interest rates on hold at 4.25 per cent following its latest meeting.

Economics

7 h. ago UK interest rates kept on hold with Bank alert to ‘highly unpredictable’ world

The Bank of England’s Monetary Policy Committee decided to keep rates unchanged at 4.25%.

Events

9 h. ago UK's central bank set to keep interest rates on hold amid Middle East uncertainties

The Bank of England is set to keep interest rates on hold as fears grow that the conflict between Israel and Iran will escalate to involve the United States and send oil prices soaring and push U.K. inflation further above target

Politics

10 h. ago Brits face wait for interest rates relief with Bank of England poised to hold amid anxiety over Middle East crisis and 'sticky' inflation

The Monetary Policy Committee looks set to keep the base rate at 4.25 per cent when the latest decision is announced at noon.

Economics

10 h. ago UK interest rates expected to remain on hold; rate cuts in Norway, Switzerland and the Philippines – business live

Central bankers warn that trade war worries, and conflict in the Middle East, could hurt growthNewsflash: We have a third interest rate cut this morning!Norway’s central bank has surprised analysts by cutting its policy rate by a quarter of one percentage point, to 4.25%. The rate had been set at 4.5% since December 2023.“Inflation has declined since the monetary policy meeting in March, and the inflation outlook for the coming year indicates lower inflation than previously expected.A cautious normalisation of the policy rate will pave the way for inflation to return to target without restricting the economy more than necessary.”“The uncertainty surrounding the economic outlook is now greater than normal. If the economy takes a different path than currently envisaged, the policy rate path may be adjusted. But our objectives stand firm. We will finish the job and ensure that inflation is brought all the way back to 2 percent.”The Monetary Board also noted indications of a deceleratio...

Politics

10 h. ago Bank of England expected to leave interest rates on hold as Middle East conflict pushes up oil price – business live

Rolling coverage of the latest economic and financial news, as Switzerland and Philippines cut interest ratesNewsflash: We have a third interest rate cut this morning!Norway’s central bank has surprised analysts by cutting its policy rate by a quarter of one percentage point, to 4.25%. The rate had been set at 4.5% since December 2023.“Inflation has declined since the monetary policy meeting in March, and the inflation outlook for the coming year indicates lower inflation than previously expected.A cautious normalisation of the policy rate will pave the way for inflation to return to target without restricting the economy more than necessary.”“The uncertainty surrounding the economic outlook is now greater than normal. If the economy takes a different path than currently envisaged, the policy rate path may be adjusted. But our objectives stand firm. We will finish the job and ensure that inflation is brought all the way back to 2 percent.”The Monetary Board also noted indications of...

Economics

21 h. ago Stagflation warning as Fed resists Trump's pressure and holds interest rates

The US Federal Reserve, led by Chairman Jay Powell (pictured), left rates at a range of 4.25-4.5% as it cut its forecasts for economic growth.

Events

21 h. ago Fed chief Powell's stubborn defiance on interest rates risks an avoidable downturn, says ALEX BRUMMER

The Federal Reserve's rate hold should come as no surprise. Chairman Jay Powell is determined to preserve the US central bank's independence.

Events

24 h. ago Fed keeps rates unchanged after Trump knocks chairman Jerome Powell – live

The Federal Reserve holds interest rates steady and policymakers signal borrowing costs are still likely to fall this yearRussian deputy foreign minister Sergei Ryabkov warned on Wednesday that direct US military assistance to Israel could radically destabilise the situation in the Middle East, where an air war between Israel and Iran has raged for six days.In separate comments, the head of Russia’s SVR foreign intelligence service, Sergei Naryshkin, was quoted as saying that the situation between Israel and Iran was now critical. Continue reading...

Politics

24 h. ago Federal Reserve holds interest rates, defying Trump’s demand to lower them

Hours before the decision, the president called the Fed’s chair, Jerome Powell, ‘stupid’ for anticipated rate holdThe US Federal Reserve kept interest rates on hold, but signaled it might make two cuts this year, as Donald Trump continues to break with precedent and demand lower rates.Policymakers at the American central bank lifted their projections for inflation this year, as the US president stands by his controversial tariff plans, and downgraded their estimates for economic growth. Continue reading...

Politics

25 h. ago Fed cuts outlook for US economy but holds interest rates steady

Central bank officials split amid concerns over higher inflation from tariffs

Politics

28 h. ago Bank of England ‘unlikely’ to cut interest rates as inflation pressure grows

Most economists think the Bank of England’s Monetary Policy Committee (MPC) will opt to keep rates on hold when it meets on Thursday.

Economics

28 h. ago Trump calls Fed Chair Jerome Powell ‘a stupid person’ ahead of key interest rate decision

The Federal Reserve is set to keep interest rates the same despite Trump’s desire to see a rate cut

Politics

30 h. ago UK transport secretary calls HS2 an ‘appalling mess’ as she confirms delay

Heidi Alexander vows to ‘sort out’ HS2 project; UK inflation dips to 3.4% as transport costs ease while food prices jumpUK inflation eases to 3.4% amid falling fuel and air fare pricesInflation pressures remain sticky in the UK, according to Rob Wood, chief UK economist at Pantheon Macroeconomics.Looking ahead, we continue to expect CPI inflation to average 3.4% for the rest of the year as strong wage growth, minimum wage hikes and tax increases pass through to retail prices. We think headline inflation will struggle to dip below 3% before April 2026. By that point, inflation will have been above target almost continuously for five years, risking further deanchoring of inflation expectations and persistent wage pressure.Granted, US president Trump’s trade war could lead to some diversion of Chinese exports previously bound to the US, which could cut UK inflation. But war in the Middle-East has boosted oil and natural gas prices, adding 10bp to our forecast inflation peak and risks p...

Politics

33 h. ago Hoping for lower borrowing costs? Fed likely to stand pat again

The inflation-fighters at the Federal Reserve are expected to keep their key interest rate unchanged Wednesday for the fourth straight time

Economics

36 h. ago UK inflation rate holds as air fares and fuel prices decrease – but risk remains

At 3.4 per cent inflation remains far above the Bank of England’s target

Economics

36 h. ago Inflation rate dips in May after "awful April" cost of living spike

The latest inflation data comes on the eve of a Bank of England decision on interest rates when they are expected to be left on hold at 4.25%

Economics