[ad_1] The Bank of England (BOE) maintained its benchmark interest rate at 4.5% on Thursday, March 20, as policymakers weighed concerns over global trade tensions and signs of stagnation in the UK economy. The decision, which was widely expected, saw the central bank’s Monetary Policy Committee (MPC) vote 8-1 in favour of keeping rates unchanged. […]
Mark Carney, former Bank of Canada, BoE Governor, to be Canada’s next Prime Minister – CNBC TV18
[ad_1] Mark Carney won the race to become Canada’s next prime minister, putting the former central banker in charge of the country just as US President Donald Trump’s administration threatens its economic future. The ex-Bank of Canada and Bank of England governor won the contest to lead the Liberal Party of Canada with 85.9% of […]
Euro-zone inflation slumps to 3-year low, backing rate cut – CNBC TV18
[ad_1] Euro-area inflation plunged to the lowest level since mid-2021 – reinforcing arguments for another cut in interest rates by the European Central Bank in less than two weeks. Consumer prices rose 2.2% from a year ago in August, Eurostat said Friday (August 30). That was significantly lower than July’s 2.6% and matched the median […]
UK inflation picks up less than expected, boosting rate cut bets – CNBC TV18
[ad_1] British consumer price inflation increased for the first time this year in July, official figures showed on Wednesday, but the rise was smaller than expected as services prices – closely watched by the Bank of England – rose less rapidly. The annual rate of consumer price inflation increased to 2.2% after two months at […]