Banks (Finance)
Banks in the UK have been offering easy access savings accounts with complicated terms and conditions that could cause savers to lose out on interest. An analysis of 56 easy access accounts from 18 of the biggest banks found that 46 have some kind of restriction. Nearly 10% of these
Tariffs
US Federal Reserve Governor Christopher Waller has stated that the central bank could begin reducing interest rates as early as next month, citing flexibility in response to global economic uncertainty and rising geopolitical risks. This announcement comes on the heels of the Fed's decision to keep benchmark interest
Interest rates
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) implemented its second 25-basis-point (bps) rate cut for the year, reducing the Target Reverse Repurchase rate by 25 bps to 5.25 percent. The decision to cut interest rates was pegged to inflation, which is now forecast to average 1.
Banks (Finance)
In a landscape where the Reserve Bank of India (RBI) has cut the repo rate by 100 basis points in three monetary policy review meetings since February 2025, some private sector banks are bucking the trend by offering attractive interest rates on savings accounts. Despite many banks reducing interest rates
Banks (Finance)
UK inflation dropped in some areas, driven by decreased air fares and motor fuel prices, while some food prices increased and household goods costs rose. The Office for National Statistics reported that the consumer prices index (CPI) was 3.4 per cent in May, down from a revised 3.4
Banks (Finance)
The Reserve Bank of India's (RBI) repo rate cut of 100 basis points over the past five months has had a ripple effect on the interest rates of savings accounts in major banks. In a bid to pass on the benefits of cheaper loans to borrowers, top banks
Banks (Finance)
The Bank of England's Monetary Policy Committee (MPC) is expected to maintain the UK interest rates at 4.25% on Thursday, amidst growing concerns over soaring food prices and the impact of global economic uncertainty. Economists believe that the MPC will opt to keep rates on hold, following
Banks (Finance)
The Office of National Statistics reported a modest decrease in UK inflation to 3.4% in May, down from 3.5% in April, due to a drop in air fares and transport costs. However, rising food prices, particularly chocolate and ice cream, offset this decline, and inflation remains above the
Tariffs
Policymakers at the Federal Reserve are approaching their Wednesday meeting with caution, poised to leave interest rates unchanged for a fourth consecutive time. This decision reflects the uncertain economic landscape, influenced by President Donald Trump's trade policies and their effect on growth and inflation. While the economy has
Tariffs
Biotech analysts at EY are expressing concerns about the industry's prospects due to various economic uncertainties, including potential pharmaceutical tariffs, tax rates, and interest rates. The analysts are finding it challenging to assess trends and make projections in their 35th annual "Biotech Beyond Borders" report. Geopolitical
Tariffs
The Federal Reserve kept its key interest rate steady this week, citing the need for more information on how tariffs and other potential disruptions will affect the economy. While Fed policymakers still expect to cut rates twice this year, they project inflation to rise due to President Trump's
Tariffs
With the economy potentially heading in two different directions, Federal Reserve officials are in a state of uncertainty, with Fed Chair Jerome Powell expressing caution in recent remarks. Despite solid economic data, including low inflation rates and a low unemployment rate, the threat of tariffs and their impact on inflation
