Australia cuts rates for first time since 2020 Australia's central bank cut its key interest rate today for the first time in more than four years, but warned global turmoil could derail further easing. Business • 18 Feb 25
Australia cuts rates for first time since 2020 Australia's central bank cut its key interest rate today for the first time in more than four years, but warned global turmoil could derail further easing. Business • 18 Feb 25
Mortgage switching activity picks up again as rates fall Mortgage switching activity is growing again as customers try to take advantage of falling European Central Bank rates, according to online broker Doddl.ie. Business • 10 Feb 25
Mortgage switching activity picks up again as rates fall Mortgage switching activity is growing again as customers try to take advantage of falling European Central Bank rates, according to online broker Doddl.ie. Business • 10 Feb 25
India's central bank delivers first rate cut since 2020 India's central bank cut interest rates today for the first time in nearly five years, as concerns over a growth slowdown in the world's fifth largest economy outweighed inflation risks. Business • 07 Feb 25
India's central bank delivers first rate cut since 2020 India's central bank cut interest rates today for the first time in nearly five years, as concerns over a growth slowdown in the world's fifth largest economy outweighed inflation risks. Business • 07 Feb 25
Bank of England cuts interest rates to 4.5% The Bank of England has today lowered interest rates by a quarter of a percentage point, judging a sharp upward revision to its inflation forecasts for this year will prove temporary. Business • 06 Feb 25
Bank of England cuts interest rates to 4.5% The Bank of England has today lowered interest rates by a quarter of a percentage point, judging a sharp upward revision to its inflation forecasts for this year will prove temporary. Business • 06 Feb 25
Central Bank governor warns of risks to economic growth The Governor of the Central Bank of Ireland has warned that the risks to economic growth among countries which use the euro are "firmly to the downside". Business • 31 Jan 25
Central Bank governor warns of risks to economic growth The Governor of the Central Bank of Ireland has warned that the risks to economic growth among countries which use the euro are "firmly to the downside". Business • 31 Jan 25
Canada central bank cuts key interest rate to 3% The Bank of Canada has today cut its key lending rate 25 basis points to 3%, noting that US tariff threats are creating uncertainty for the economy. Business • 29 Jan 25
Canada central bank cuts key interest rate to 3% The Bank of Canada has today cut its key lending rate 25 basis points to 3%, noting that US tariff threats are creating uncertainty for the economy. Business • 29 Jan 25
Sweden's central bank cuts rates to 2.25% from 2.5% Sweden's central bank cut its key policy rate to 2.25% from 2.5% as expected today to boost sluggish economic growth and said its forecast for interest rates held though it stood ready to act if the outlook for prices and activity changed. Business • 29 Jan 25
Sweden's central bank cuts rates to 2.25% from 2.5% Sweden's central bank cut its key policy rate to 2.25% from 2.5% as expected today to boost sluggish economic growth and said its forecast for interest rates held though it stood ready to act if the outlook for prices and activity changed. Business • 29 Jan 25
ECB president warns of loss of central bank independence Central bank independence is being questioned in parts of the world and greater political influence over policy could undermined their ability to keep inflation down, European Central Bank President Christine Lagarde said today. Business • 27 Jan 25
ECB president warns of loss of central bank independence Central bank independence is being questioned in parts of the world and greater political influence over policy could undermined their ability to keep inflation down, European Central Bank President Christine Lagarde said today. Business • 27 Jan 25
Take Five - Fed, ECB - and more from Trump It is a big week ahead next week as the US Federal Reserve, European Central Bank and Bank of Canada hold their first meetings of 2025. Business • 24 Jan 25
Take Five - Fed, ECB - and more from Trump It is a big week ahead next week as the US Federal Reserve, European Central Bank and Bank of Canada hold their first meetings of 2025. Business • 24 Jan 25
Bank of Japan ups interest rates to highest in 17 years The Bank of Japan raised interest rates today to their highest since the 2008 global financial crisis and revised up its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2% target. Business • 24 Jan 25
Bank of Japan ups interest rates to highest in 17 years The Bank of Japan raised interest rates today to their highest since the 2008 global financial crisis and revised up its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2% target. Business • 24 Jan 25
Turkey's central bank cuts rates to 45% as expected Turkey's central bank cut its key interest rate by 250 basis points to 45% as expected today, carrying on an easing cycle it launched last month alongside a decline in annual inflation that is seen continuing through the year end. Business • 23 Jan 25
Turkey's central bank cuts rates to 45% as expected Turkey's central bank cut its key interest rate by 250 basis points to 45% as expected today, carrying on an easing cycle it launched last month alongside a decline in annual inflation that is seen continuing through the year end. Business • 23 Jan 25
Norway central bank keeps rate on hold, plans March cut Norway's central bank held its policy interest rate unchanged at a 17-year high of 4.5% today, as unanimously expected by analysts in a Reuters poll, and maintained plans to start cutting borrowing costs in March. Business • 23 Jan 25
Norway central bank keeps rate on hold, plans March cut Norway's central bank held its policy interest rate unchanged at a 17-year high of 4.5% today, as unanimously expected by analysts in a Reuters poll, and maintained plans to start cutting borrowing costs in March. Business • 23 Jan 25
ECB should debate how much more it can cut rates The European Central Bank is on track to lower inflation and cut interest rates but needs to have a deep think about how much further and how quickly policy should be eased, ECB board member Isabel Schnabel said over the weekend. Business • 20 Jan 25
ECB should debate how much more it can cut rates The European Central Bank is on track to lower inflation and cut interest rates but needs to have a deep think about how much further and how quickly policy should be eased, ECB board member Isabel Schnabel said over the weekend. Business • 20 Jan 25
ECB must be prudent with rate cuts given high uncertainty The European Central Bank is likely to keep easing policy this year but needs to be cautious as exceptional uncertainty, from a potential global trade war to domestic politics, cloud the outlook, two of the bank's top officials said today. Business • 15 Jan 25
ECB must be prudent with rate cuts given high uncertainty The European Central Bank is likely to keep easing policy this year but needs to be cautious as exceptional uncertainty, from a potential global trade war to domestic politics, cloud the outlook, two of the bank's top officials said today. Business • 15 Jan 25
ECB seeking middle ground with rate cuts - Lane The European Central Bank can ease policy further this year but must find a middle ground that neither induces a recession nor causes an undue delay in curbing inflation, ECB chief economist Philip Lane has said. Business • 14 Jan 25
ECB seeking middle ground with rate cuts - Lane The European Central Bank can ease policy further this year but must find a middle ground that neither induces a recession nor causes an undue delay in curbing inflation, ECB chief economist Philip Lane has said. Business • 14 Jan 25
Markets rode AI, interest rate roller coaster in 2024 Despite political upheavals, stock markets and bitcoin smashed records in 2024, fuelled by investor enthusiasm for AI, falling interest rates, and hopes of tax cuts. Business • 31 Dec 24
Markets rode AI, interest rate roller coaster in 2024 Despite political upheavals, stock markets and bitcoin smashed records in 2024, fuelled by investor enthusiasm for AI, falling interest rates, and hopes of tax cuts. Business • 31 Dec 24
2024 in Review - a year of central bank rate cuts The Bank of England wrapped up a big year of central bank rate cuts by keeping rates steady on Thursday December 19 - a day after the Federal Reserve eased policy but suggested it would be more cautious in 2025. Business • 27 Dec 24
2024 in Review - a year of central bank rate cuts The Bank of England wrapped up a big year of central bank rate cuts by keeping rates steady on Thursday December 19 - a day after the Federal Reserve eased policy but suggested it would be more cautious in 2025. Business • 27 Dec 24
Russian central bank keeps rates on hold The Russian central bank kept its key interest rate on hold at 21% today, surprising the market, which had expected a 2 percentage point increase, and saying recent tightening had created conditions for inflation to fall towards its target. Business • 20 Dec 24
Russian central bank keeps rates on hold The Russian central bank kept its key interest rate on hold at 21% today, surprising the market, which had expected a 2 percentage point increase, and saying recent tightening had created conditions for inflation to fall towards its target. Business • 20 Dec 24
Norway's central bank keeps rate on hold, eyes March cut Norway's central bank held its policy interest rate unchanged at a 16-year high of 4.5% today, as expected, and said it now planned to cut rates three times in 2025, down from four cuts seen previously. Business • 19 Dec 24
Norway's central bank keeps rate on hold, eyes March cut Norway's central bank held its policy interest rate unchanged at a 16-year high of 4.5% today, as expected, and said it now planned to cut rates three times in 2025, down from four cuts seen previously. Business • 19 Dec 24
Swedish central bank cuts policy rate, may ease again Sweden's central bank cut its key interest rate by a quarter percentage point to 2.50% as expected today, but said it now saw reasons to be more cautious about cutting rates in early 2025. Business • 19 Dec 24
Swedish central bank cuts policy rate, may ease again Sweden's central bank cut its key interest rate by a quarter percentage point to 2.50% as expected today, but said it now saw reasons to be more cautious about cutting rates in early 2025. Business • 19 Dec 24
Scale of ECB rate cuts decided at each meeting - Rehn Finnish ECB policymaker Olli Rehn said today that euro area inflation is more clearly stabilising at the European Central Bank's 2% target, and that this helps set the stage for further interest rate reduction. Business • 17 Dec 24
Scale of ECB rate cuts decided at each meeting - Rehn Finnish ECB policymaker Olli Rehn said today that euro area inflation is more clearly stabilising at the European Central Bank's 2% target, and that this helps set the stage for further interest rate reduction. Business • 17 Dec 24
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
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 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
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
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
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 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
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
