Category : Search result: Bank of England interest rate cut


Russian court fines Austrian bank Raiffeisen $400m

A Russian court has ordered Austria's Raiffeisen Bank to pay nearly $400 million in compensation to a company linked to sanctioned oligarch Oleg Deripaska. The bank says it will appeal.

Bank of England Cuts Interest Rate to 3.75%

The Bank of England has cut its key interest rate to 3.75% after UK inflation eased faster than expected. Governor Andrew Bailey confirmed the move, marking the sixth reduction since August 2024. Read more for the full analysis.

ECB holds rates steady at 2% as inflation cools

The European Central Bank keeps its key deposit rate at 2% for the fourth consecutive meeting. Analysts scrutinise Lagarde's comments for clues on future monetary policy amid uncertain inflation outlook. Read more.

UK Junior Doctors Stage 14th Strike Over Pay

Junior doctors in England begin a five-day strike, their 14th walkout, demanding a 26% pay rise. The Labour government calls it 'irresponsible' amid NHS strain. Read the full story.

Asian Markets Drift, Oil Up on Venezuela Blockade

Asian equities showed mixed performance as US jobs data failed to boost rate cut expectations. Oil prices surged over 1% after Trump ordered a blockade of Venezuelan tankers. Get the latest market analysis.

US Jobless Rate Climbs to 4.6%, Highest in Four Years

US unemployment rose to 4.6% in November, its highest level since 2021, as the economy lost 105,000 jobs in October. Read the full analysis of the cooling labour market and its global implications.

Divided US Fed Faces Contentious Rate Decision

The US Federal Reserve's final 2025 meeting is marked by internal conflict over a potential third interest rate cut, with a key data shortage complicating the decision. Read the full analysis.

Fast Ways to Block Your Union Bank Account

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Asian Markets Up Ahead of US Jobs, Inflation Data

Most Asian markets gained Wednesday, tracking Wall Street, as investors await crucial US jobs and inflation data that will shape the Federal Reserve's rate decision next week. Read more.

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