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Economy

Fed rate pause: Bank forecasts slower US growth and higher inflation

The Federal Reserve kept interest rates unchanged as expected but downgraded its economic outlook, citing slower growth and higher inflation due to Trump’s tariffs. Wall Street staged a relief rally after Fed Chair Jerome Powell downplayed inflation concerns.

Economy

Swiss National Bank cuts policy rate further as low inflation persists

Swiss National Bank continued to lower interest rates in March, while highlighting that external geopolitical risks could still be a threat to the Swiss economy and exports.

Economy

Bank of England expected to pause rate cuts despite contracting output

Policymakers find themselves in a tight spot ahead of Thursday’s rate decision, with growth remaining sluggish and inflation stubborn.

Economy

To cut or not to cut? US Fed faces stubborn inflation and weak growth

Faced with persistent inflation and a slowing economy, the Federal Reserve finds itself in a tight spot ahead of its interest rate decision this week.

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Economy

OECD trims eurozone growth outlook as global trade tensions bite

The OECD has lowered its eurozone GDP growth forecast to 1.0% for 2025, down from 1.3% in December, citing weak investment and rising geopolitical risks. Global growth is also revised down to 3.1% as trade disruptions weigh on sentiment.

Economy

ECB's Lagarde warns of severe economic hit from Trump's trade wars

ECB’s Lagarde warns Trump’s trade war could hit global growth, inflation. She indicates that escalating tariffs risk severe economic consequences, while stressing the ECB’s challenge in stabilising inflation amid record-high uncertainty.

Economy

US inflation cools despite Trump trade war threatening price lifts

Price pressures eased more than expected in February, a relief for US consumers concerned about looming tariff effects.

Economy

Turkey cuts interest rate to 42.5% after inflation hits two-year low

Turkey’s central bank lowered its key interest rate by 2.5 percentage points on Thursday, its third consecutive cut, reacting to a slowdown in inflation in the country.

Economy

ECB cuts rates for sixth time since June despite sticky inflation

The European Central Bank cut its benchmark interest rate by a quarter point to 2.5% on Thursday as inflation nears 2% and growth remains weak.

Economy

Eurozone inflation falls less than expected: ECB rate cuts at risk?

Eurozone inflation eased to 2.4% in February but remained above forecasts, complicating the ECB’s rate-cut plans. Monthly price pressures, meanwhile, hit a 10-month high.

Economy

Will the European Central Bank cut interest rates further this week?

The European Central Bank (ECB) is set to reduce its interest rate further this week due to economic concerns. Meanwhile, Donald Trump has vowed to impose 25% tariffs on the EU, sparking concerns of a further growth slowdown.

Economy

Service industry helps give late boost to UK's economic growth

The UK economy inched up slightly in the last quarter of 2024, ahead of market expectations. However, the country is still dealing with slower growth than some of its other G7 peers.

Economy

ECB's Lagarde signals inflation relief, urges push for a digital euro

ECB President Christine Lagarde told the European Parliament that inflation is easing and rate cuts are taking effect but warned of trade risks. She reaffirmed a cautious, data-driven approach and stressed the need for a digital euro to strengthen Europe's financial autonomy.

Economy

Shock for UK as Bank of England halves its economic growth prediction

The BoE's predictions follow its decision on Thursday to cut its main interest rate for the third time in six months. The bank now predicts that the British economy will only grow by 0.75% this year, down from its previous forecast of 1.5% just three months ago.

Economy

Bank of England cuts key interest rate as pound drops and stocks rally

The Bank of England cut its base rate to 4.5% amid easing inflation but flagged lingering risks. GDP growth remains weak, and potential US tariffs add uncertainty. The pound fell, while the FTSE 100 hit record highs.

Business

Santander announces buyback plan while CA also sees earnings rise

Spain's Santander has reported a record profit of €12.57bn and revealed plans for more share buybacks. France's Crédit Agricole, meanwhile, has recorded a rise in net income.

Economy

UK house prices see weak rise in January amid high interest rates

UK house prices have advanced marginally in January as buyers continue to struggle with affordability pressures.

Economy

ECB cuts rates again as inflation nears 2% and growth remains weak

The European Central Bank (ECB) cut its benchmark interest rate again by a quarter-point to 2.75% on Thursday as inflation nears 2% and growth remains weak.

Economy

Federal Reserve holds rates steady: Policy divergence with ECB widens

The Fed kept rates steady at 4.25%-4.50%, signalling caution amid strong US growth and elevated inflation. Meanwhile, the ECB faces pressure to cut rates further as the eurozone economy weakens. The euro fell to 1.04.

Economy

ECB set to cut rates this week: Could Trump tariffs cloud outlook?

The ECB is expected to cut rates by 25bps to 2.75% on Thursday as inflation nears 2% and growth remains weak. Analysts see further cuts in 2025, but US trade tariffs could add uncertainty.

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