Category: rates
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Relief for Homeowners as Major Lenders Reduce Mortgage Rates
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Three major lenders, Barclays, HSBC and TSB, have announced mortgage interest rate cuts on more than 100 deals, providing welcome relief to borrowers who have faced rising interest rates in recent weeks. Barclays will implement major cuts on Friday, cutting fixed interest rates on buy-and-remortgage deals by up to 0.45…
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Bitcoin Won’t Pump Again Until The Fed Cuts Rates, Says Mike Novogratz
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Mike Novogratz, CEO of Galaxy Digital, believes that Bitcoin’s price action will continue for a long period of sleep until the market “narrative” can rear its head. This narrative could come in one of two forms: either the central bank cuts interest rates, or regulators clear the air on cryptocurrencies.…
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BOE Held Rates at 5.25% in 7-2 MPC Vote, Bailey Hints at “More Substantial” Future Cuts
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As expected, the Bank of England (BOE) kept interest rates steady at 5.25% in its May decision. The official statement indicated that: Underlying inflationary pressures in the euro area have continued to moderate somewhat since the beginning of the year UK demand growth is expected to remain weaker than potential…
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UK interest rates remain at 16-year high of 5.25%
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The Bank of England chose to keep interest rates unchanged at 5.25%, the sixth consecutive meeting at the highest level in 16 years. However, there are signs from the central bank indicating a possible shift towards a rate cut, possibly as early as June. Andrew Bailey, Governor of the Bank…
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A look at the BOE rates pricing ahead of the policy decision later
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Bank of England Expected to Maintain Interest Rates Amid Economic Uncertainty
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The Bank of England is expected to keep interest rates steady at 5.25%, the sixth consecutive fix on Thursday. This decision comes against the backdrop of continued high inflation, which currently stands at 3.2%, which exceeds the bank’s target of 2%. In addition to the interest rate announcement, the bank…
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Sweden breaks tradition to cut interest rates before the Fed but will it pay off?
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Sweden took the bold step of cutting interest rates, which surprised some analysts and marked a new phase in global monetary policy that could accelerate economic expansion or return countries including the United States to a more cautious approach. Riksbank Moved in Thursday morning He cut the base interest rate…
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RBA Keeps Interest Rates at 4.35%, Says Interest Rate Path ”Remains Uncertain”
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As expected, the Reserve Bank of Australia (RBA) kept interest rates at 4.35% in May. The Central Bank statement indicated this Inflation is expected to return to the target range of 2%-3% in the second half of 2025 and to 2.5% in 2026. Short-term inflation will “fall more slowly over…
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Rates to remain steady, but hawkish tilt likely amid sticky inflation By Investing.com
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Investing.com — The Reserve Bank of Australia is widely expected to keep interest rates steady on Tuesday, although investors were cautious about the bank taking a hawkish stance amid signs of steady inflation. The Reserve Bank of Australia is widely expected to keep interest rates at 4.35%, leaving them unchanged…
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UK House Prices Decline for Second Consecutive Month Amidst Rising Mortgage Rates
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UK house prices fell significantly in April, recording the biggest fall since last summer, as rising mortgage interest rates restricted the purchasing power of potential buyers. According to Nationwide Bank, the main lending bank, house prices fell by 0.4 per cent last month, marking the second consecutive monthly decline and…
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FOMC Holds Rates Steady, Reiterates ‘Lack of Progress’ on Inflation
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As expected, the Federal Open Market Committee (FOMC) kept interest rates unchanged at 5.25-5.50% during its May meeting. However, US central bank officials agreed to slow the pace of reducing bond holdings on their balance sheet, leading to a slight easing of monetary policy. The Federal Open Market Committee kept…
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US Stock Futures Gain as Rates Relief Sets In: Markets Wrap
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(Bloomberg) — U.S. stock futures rose as traders took comfort from the Federal Reserve’s signal there is no plan to raise interest rates and looked forward to Apple Inc.’s upcoming earnings. Most read from Bloomberg S&P 500 futures rose 0.7%, with Apple and Amazon.com Inc. Nvidia Corp. gains small in…