interest-rates
BankingBOJ Should Wait at Least Six Months for Rate Hike, Says Opposition Kingmaker
BusinessUK Factory Activity Shrinks Slightly for First Time Since April, PMI Shows
FinanceSwiss Inflation Falls to Lowest Level in Three Years
TradingYen Firms After Less Dovish Boj, Dollar Dips Ahead of Inflation Data
Global Economy Set to Cruise at a Solid 3% Growth Rate Next Year
Date: October 31, 2024
By Hari Kishan BENGALURU (Reuters) -Global economic growth will maintain its robust pace next year as major central banks implement a series of interest rate cuts against the backdrop of a strong U.S. economy, according to a Reuters poll of around 500 economists. Next week’s hotly-contested U.S. presidential election could limit the growth picture, however,...
Sterling Ticks Higher as Investors Expect Fewer BoE Rate Cuts
Date: October 31, 2024
By Medha Singh (Reuters) – The British pound firmed on Thursday a day after new UK finance minister Rachel Reeves announced a tax-and-spend budget, leading to concern about inflation and fuelling expectations of fewer interest rate cuts from the Bank of England. Sterling firmed 0.2% to $1.29870 after falling 0.4% a day earlier. It advanced...
Inflation-Boosting UK Budget Hits Bets on Bank of England Rate Cuts
Date: October 31, 2024
By Andy Bruce LONDON (Reuters) -Higher inflation fuelled by Britain’s new big-spending budget plans is likely to prevent the Bank of England from cutting interest rates over the next year by as much as investors had expected, hitting government bond prices on Thursday. New finance minister Rachel Reeves announced the biggest tax increases in three...
Russia’s Severstal Expects Steel Demand to Drop 5-7% as High Rates Hurt Customers
Date: October 29, 2024
MOSCOW (Reuters) – Russian steelmaker Severstal expects steel demand to drop by 5% to 7% in 2024 as the high cost of borrowing raises the strain on its customers’ investment plans, company head Alexander Shevelev said on Tuesday. A growing number of Russian industrial companies and lobby groups are complaining of prohibitively high interest rates...
Thai Government, Central Bank to Keep Inflation Target for 2025
Date: October 29, 2024
By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) -Thailand’s government has agreed with the central bank to maintain the current 1% to 3% inflation target for 2025, in return for assurances the bank will support its fiscal policy and help jumpstart growth, the finance minister said on Tuesday. The central bank has insisted the present...
Santander Third-Quarter Lending Income Hit by Lower Rates
Date: October 29, 2024
By Jesús Aguado MADRID (Reuters) -Lending income at Spain’s Santander came under pressure in the third quarter from lower euro zone interest rates though a drop in loan loss provisions and costs helped it book a record quarterly profit. Santander, like other banks, had benefited from a period of higher interest rates, while growth in...