Tag: interest
Interest rates expected to be cut by Bank of England
Interest rates are widely expected to be cut on Thursday, with further falls predicted for later in the year. Analysts say a cut to 4.25% from 4.5% by the Bank of England is highly likely, although no change or a bigger reduction remain possibilities. Such a move would make borrowing money by businesses and individuals…
Three more UK interest rate cuts this year, predicts IMF
The Bank of England could cut interest rates three more times this year despite the UK grappling with higher-than-expected inflation, the International Monetary Fund (IMF) has said. The organisation predicted UK inflation would be the highest in the world’s advanced economies this year at 3.1%, largely due to higher bills, including for energy and water.…
Federal Reserve’s Jerome Powell says there’s no need to rush on interest rate cuts
Scott Horsley Don’t expect interest rates to fall any time soon. Federal Reserve Chair Jerome Powell told a Senate Committee Tuesday that with a strong job market and with inflation still elevated, he and his colleagues “do not need to be in a hurry” to cut interest rates. Powell also fielded questions about President Trump’s…
Bank cuts interest rates and slashes growth forecast
The Bank of England has halved its growth forecast for this year as it cut interest rates to the lowest level for more than 18 months. The economy is now expected to grow by 0.75% in 2025, the Bank said, down from its previous estimate of 1.5%. The government has made growing the economy one…
Surprise fall in inflation boosts interest rate cut hopes
UK inflation unexpectedly dipped in December, raising expectations of an interest rate cut next month. Prices rose 2.5% in the year to December, down from 2.6% the month before, marking the first fall in inflation for three months. The drop was driven by hotel prices falling and smaller rises in airfares than usual, but prices…
Climate Opportunities in Greenland May Be Part of Trump’s Interest
Why Does Greenland Interest Trump? Climate Change Is Only Part of the Story Arctic shipping routes and burgeoning mining opportunities may be part of Greenland’s appeal to President-elect Donald Trump, but each comes with challenges as well By Meghan Bartels edited by Jeanna Bryner Container ship navigating among icebergs in the harbor of Narsaq, Southern…
November inflation rises to 2.3% amid speculation over pre-election interest rate cut from RBA
Economists had predicted a November annual CPI inflation figure within the Reserve Bank of Australia’s preferred 2% to 3% target range The monthly inflation rate rose to 2.3% in November, according to the latest figures from the Australian Bureau of Statistics. The underlying inflation rate – the Reserve Bank’s preferred measure for prices – has…
What to know about Trump and his keen interest in Greenland
By Chandelis Duster Donald Trump, Jr. made a whirlwind visit to Greenland on Tuesday — as a tourist, he says. He was met by local supporters and a Danish newspaper even . The trip comes in the wake of recent comments by his father, President-elect Donald Trump, expressing interest in the U.S. buying the island.…
Trump Jr expected to visit Greenland on Tuesday amid father’s interest in island
Donald Trump’s son to make ‘private’ visit with no government meetings scheduled, island’s foreign secretary says Donald Trump Jr is expected to visit Greenland on Tuesday as his father, president-elect Donald Trump, has again expressed interest in gaining control over the vast Arctic island. The visit was a private one, the island’s permanent secretary for…