banking
Banking
Euro zone bond yields rise to one-month high
Banking
Italy demands full disclosure from UniCredit over BPM bid, sources say
Banking
How secretive Swiss sought to keep a lid on the Credit Suisse crisis
Banking
Italy’s Banco BPM strikes deal with unions on 550 hirings, 1,100 early retirements
US tariffs would hit Hungary’s growth, boost inflation, central bank says
Date: December 19, 2024
By Gergely Szakacs BUDAPEST (Reuters) – New tariffs U.S. President-elect Donald Trump has pledged to impose on European Union imports would hit Hungary’s economic growth and boost inflation, the National Bank of Hungary (NBH) said in its quarterly inflation report on Thursday. Germany is expected to be more affected by any U.S. tariffs than other...
Norway keeps rates on hold, eyes three cuts in 2025
Date: December 19, 2024
OSLO (Reuters) -Norway’s central bank held its policy interest rate unchanged at a 16-year high of 4.50% on Thursday, as expected, and said it now planned to cut rates three times in 2025, down from four cuts seen previously. “The committee judges that a restrictive monetary policy is still needed to stabilise inflation around target,...
BOJ keeps ultra-low rates, gives few clues on when it might hike
Date: December 19, 2024
By Leika Kihara, Satoshi Sugiyama TOKYO (Reuters) -The Bank of Japan kept interest rates unchanged on Thursday and its governor offered few clues on how soon it could push up borrowing costs, sending the yen and bond yields tumbling on fresh doubts over the near-term chances of a rate hike. As widely expected, the nine-member...
Bank of England to keep rates steady as price pressures linger
Date: December 19, 2024
By David Milliken LONDON (Reuters) – The Bank of England looks set to hold interest rates at 4.75% on Thursday, despite signs of a slowing economy, as persistent inflation pressures limit it to a “gradual” approach towards cutting borrowing costs. All 71 economists polled by Reuters said rates would stay unchanged for now. Most expect...
Swedish central bank cuts policy rate, cautious on easing in 2025
Date: December 19, 2024
By Simon Johnson STOCKHOLM (Reuters) – Sweden’s central bank cut its key interest rate by a quarter percentage point to 2.50% as expected on Thursday, but said that after easing policy five times this year, it now saw reasons to be more cautious as it enters 2025. Sweden’s economy has been treading water for the...
HSBC to cut best lending rate in Hong Kong by 12.5 bps to 5.25%
Date: December 19, 2024
HONG KONG (Reuters) – HSBC Holdings said on Thursday it will cut its best lending rate in Hong Kong by 12.5 basis points to 5.25% from 5.375%, effective Dec. 20. That followed a 25 basis points cut in the base rate charged through the overnight discount window of the city’s de facto central bank. (Reporting...