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Reserve Bank of Australia Governor Michele Bullock

Australia's central bank closer to cutting rates

Australia's central bank is getting closer to joining its peers in cutting interest rates, having sat tight for over a year now, but much will depend on the data to decide whether it can move as early as February.

Business • 10 Dec 24

The ECB looks set to cut rates again on Thursday - its fourth cut this year

The pressure's on - five questions for the ECB

The European Central Bank looks set to cut rates again on Thursday as inflation heads down, and financial markets are keen for a sense of whether a more challenging environment will spark speedier moves ahead.

Business • 09 Dec 24

Investors expect the ECB to cut interest rates at every one of its upcoming meetings at least until next June

ECB rate cut of 0.25% possible, not more - ECB's Holzmann

It is "conceivable" that the European Central Bank will cut interest rates by 25 basis points at its next rate-setting meeting this month but not more, ECB policymaker Robert Holzmann said in a newspaper interview published today.

Business • 04 Dec 24

Australia's GDP rose 0.3% in the September quarter, missing market forecasts of 0.4%

Australia's third quarter GDP growth disappoints

Australia's economy in the third quarter grew at the slowest annual pace since the pandemic, disappointing hopes for a rebound as government spending did all of the heavy lifting and consumers remained cautious.

Business • 04 Dec 24

ECB chief economist Philip Lane was the former Central Bank governor

ECB's Lane says bank should focus on future risks - FT

The European Central Bank should make future monetary policy decisions based on upcoming risk rather than the latest economic data, ECB chief economist Philip Lane told the Financial Times in an interview published today.

Business • 02 Dec 24

Exporting businesses may benefit from the euro's weakness - but that could also lead to rising prices here too

Rate cuts coming but rising costs put SMEs under pressure

There is good news on the horizon for businesses but also plenty of uncertainty, according to Treasury Solutions CEO John Finn.

Business • 29 Nov 24

Philip Lane, the European Central Bank's chief economist

ECB policy 'should not remain restrictive for too long'

The European Central Bank should not keep its monetary policy tight for too long or inflation could fall below target, ECB chief economist Philip Lane, said today, while praising the bank's gradual approach to cutting rates.

Business • 25 Nov 24

Banks are adjusting their lending and deposit rates in the wake of ECB cuts

Bank of Ireland cuts its fixed mortgage rates by 0.5%

Bank of Ireland has become the latest mortgage lender to announce cuts in its mortgage lending rates.

Business • 19 Nov 24

In his speech, Gabriel Makhlouf said public innovation in payment systems must keep pace with private innovation

Rate cut next month not yet certain - Makhlouf

The Governor of the Central Bank has said it would be going a bit far to say an ECB interest rate cut next month is in the bag.

Business • 18 Nov 24

European Central Bank Vice-President Luis de Guindos

ECB to cut interest rates further, De Guindos says

The European Central Bank is on its path to cut interest rates further as recent euro zone data show inflation is on track to reach the bank's 2% goal, its Vice-President Luis de Guindos said today.

Business • 14 Nov 24

The Bank of England's Monetary Policy Committee has today voted 8-1 to cut interest rates to 4.75% from 5%.

Bank of England cuts rates but sees higher inflation

The Bank of England cut interest rates today for only the second time since 2020 and said future reductions were likely to be gradual as it predicted the British government's first budget would lead to higher inflation and economic growth.

Business • 07 Nov 24

Norway's central bank keeps rate on hold again

Norway's central bank held its policy interest rate unchanged at a 16-year high of 4.5% today, as unanimously expected by analysts in a Reuters poll and reiterated that it will stay on hold until the end of the year.

Business • 07 Nov 24

Sweden's central bank, the Riksbank, cut its key interest rate to 2.75% from 3.25% today

Swedish central bank trims rates by 50 basis points

Sweden's central bank cut its key interest rate to 2.75% from 3.25% today, as expected, and said that if the economic and inflation outlooks remain the same it may also cut the rate in December and in the first half of 2025.

Business • 07 Nov 24

The Bank of Japan kept short-term interest rates at 0.25% at its two-day meeting - as expected

Bank of Japan keeps rates steady, flags global risks

The Bank of Japan has maintained ultra-low interest rates today and signalled the need to scrutinise global economic developments, highlighting its focus on risks to a fragile domestic recovery in deciding when to next tighten policy.

Business • 31 Oct 24

Christine Lagarde, ECB President addressed the IMF meeting in Washington today

Euro zone disinflation on track, Lagarde says

Euro zone inflation is "well on track" to hit the European Central Bank's 2% target next year, ECB President Christine Lagarde said today, repeating the bank's most recent guidance.

Business • 25 Oct 24

Russia's central bank has hiked rates to 21% - the highest level since 2003

Russia hikes interest rates to 21% - highest since 2003

The Russian central bank has hiked its key interest rate by 200 basis points (bps) to 21%, the highest level since February 2003.

Business • 25 Oct 24

Bank of Canada, which hiked rates to a 20-year high to fight soaring prices, has now cut four times in a row since June

Bank of Canada cuts rates, hails 'good news' on inflation

The Bank of Canada has today reduced its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four years, and hailed signs the country had returned to an era of low inflation.

Business • 23 Oct 24

The ECB has been cutting rates quickly this year but policymakers have so far said the goal is a 'neutral' setting

ECB starting to debate if rates have to go below neutral

European Central Bank policymakers have begun to debate whether interest rates need to be lowered enough to start stimulating the economy, ending years of economic restriction, conversations this week with half a dozen sources indicate.

Business • 23 Oct 24

New ECB research shows that demand for bank loans across the euro zone rose in the third quarter of this year

Euro zone banks see rebound in loan demand as rates fall

Demand for bank loans across the 20-nation euro zone rose in the third quarter and a further increase is expected in the final three months of the year, with household mortgages driving the expansion, a European Central Bank survey showed today.

Business • 15 Oct 24

The European Central Bank looks set to deliver another interest rate cut later this week

Going all out? Five questions for the ECB this week

The European Central Bank looks set to deliver another interest rate cut on Thursday it had little appetite to point to just weeks ago.

Business • 14 Oct 24

The ECB cut interest rates last month and said it would keep an open mind about October

ECB accounts show cautious stance on further cuts

European Central Bank policymakers appeared content with the drop in inflation when they met last month but argued for a gradual policy easing given stubborn price pressures, the accounts of their September 12 policy meeting showed today.

Business • 10 Oct 24

The ECB has already lowered rates twice this year and a cut to the 3.5% deposit rate on October 17 is almost fully priced in by financial markets

ECB policymakers press case for October rate cut

Several European Central Bank policymakers argued their case today for another interest rate cut next week, even if some of their colleagues remained unconvinced as turmoil in the Middle East fuels volatility in energy costs.

Business • 09 Oct 24

Reserve Bank of India's Monetary Policy Committee kept the repo rate unchanged at 6.5% for a tenth policy meeting in a row

India's central bank holds key interest rates steady

The Reserve Bank of India (RBI) kept its key interest rate unchanged today as widely expected, but changed its policy stance to "neutral", opening the door for rate cuts as early as December.

Business • 09 Oct 24

The ECB cut rates from record highs twice already this year and markets now expect even quicker policy easing with moves in October and December fully priced in

ECB will probably cut rates in October - Villeroy

The European Central Bank will probably cut interest rates on October 17 as economic growth is weak and this raises the risk that inflation will undershoot its 2% target, French Central Bank Chief Francois Villeroy de Galhau told an Italian newspaper.

Business • 07 Oct 24

Bailey says BoE could become 'more activist' on rate cuts

The Bank of England could move more quickly to cut interest rates if there is further good news on inflation but conflict in the Middle East could push up oil prices, Governor Andrew Bailey told the Guardian newspaper.

Business • 03 Oct 24

Interest Rates

Australia's central bank closer to cutting rates

The pressure's on - five questions for the ECB

ECB rate cut of 0.25% possible, not more - ECB's Holzmann

Australia's third quarter GDP growth disappoints

ECB's Lane says bank should focus on future risks - FT

Rate cuts coming but rising costs put SMEs under pressure

ECB policy 'should not remain restrictive for too long'

Bank of Ireland cuts its fixed mortgage rates by 0.5%

Rate cut next month not yet certain - Makhlouf

ECB to cut interest rates further, De Guindos says

Bank of England cuts rates but sees higher inflation

Norway's central bank keeps rate on hold again

Swedish central bank trims rates by 50 basis points

Bank of Japan keeps rates steady, flags global risks

Euro zone disinflation on track, Lagarde says

Russia hikes interest rates to 21% - highest since 2003

Bank of Canada cuts rates, hails 'good news' on inflation

ECB starting to debate if rates have to go below neutral

Euro zone banks see rebound in loan demand as rates fall

Going all out? Five questions for the ECB this week

ECB accounts show cautious stance on further cuts

ECB policymakers press case for October rate cut

India's central bank holds key interest rates steady

ECB will probably cut rates in October - Villeroy

Bailey says BoE could become 'more activist' on rate cuts