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...In meetings organised by Prime Minister Lee Hsien Loong’s office, officials discussed US-China rivalry, the Middle East conflict, the Ukraine war and the $2.2bn money-laundering scandal that rocked the city-state...
...In March, the BoE forecast that headline inflation would temporarily fall below the 2 per cent target in the second quarter....
...But moving interest rates closer to the central bank’s 2 per cent inflation target could take much longer than expected....
...The Bank of England might begin cutting rates before inflation falls to its 2 per cent target, its governor said, as he pointed to “encouraging signs” that price pressures were easing....
...But he added the central bank did not need to see underlying inflation actually fall to 2 per cent before it cuts its key rate, because policy would still be “restrictive” even after a slight reduction in...
...The bank said it continued to expect the metric to average 2.9 per cent this year....
...The Bank of Japan is likely to hold off from raising interest rates next week but investors expect the central bank to outline its response to rising inflationary pressures caused by the yen’s decline....
...However, it fell slightly to 2.22 per cent at the retail bank due to increased competition in the mortgage market, and is down overall from 2.25 per cent in the same quarter last year....
...The bank reported a 2 per cent rise in net income to $3.5bn. Revenues rose almost 9 per cent to $20.1bn....
...“Taken together, the absence of news and the passage of time have brought a Bank Rate cut somewhat closer,” Pill said on Tuesday....
...The bank said it continued to expect an average NIM for its banking operations of 2.9 per cent this year, in line with previous expectations, despite signals there would be fewer central bank rate cuts than...
...The eurozone’s biggest bank on Thursday said it expected profits to rise this year, and forecast revenue growth of 2 per cent, even as central banks are expected to start cutting interest rates and some...
...banks....
...Japan’s core inflation rose 2.6 per cent in March on the back of a weaker yen, marking two years since prices began to rise above the Bank of Japan’s target....
...The BoC trimmed its 2025 GDP growth forecast by 0.2 percentage points to 2.2 per cent....
...The figure was higher than the 3.1 per cent forecast by economists polled by Reuters and by the Bank of England....
...That helped drive down global inflation about 2 percentage points over that period, according to the bank....
...Its shareholders are expected to approve a €1bn buyback of shares from the state on May 2, the same day it releases its first-quarter results, and investors are watching for news of the pace of further reductions...
...Co-op Bank, which has 2.5mn customers and serves more than 90,000 businesses, is backed by US-based investors including Bain Capital Credit and JC Flowers....
...Co-op Bank, which has 2.5mn customers, is backed by US-based investors including Bain Capital Credit and JC Flowers....
...Mark Mason, chief financial officer, told reporters that 7,000 employees had been given notice that their jobs had been eliminated since the reorganisation began, 2,000 more than the bank had previously...
...Eurozone inflation fell to 2.4 per cent in March, lower than forecast by economists, bolstering hopes that the European Central Bank will cut interest rates by the summer....
...The head of the New York Federal Reserve said he still expects inflation to drift towards the US central bank’s 2 per cent goal, despite some bumpy recent readings....
...OCBC on Wednesday said net interest margins — the difference between what a bank earns from loans and what it has to pay depositors, relative to interest-earning assets — should range from 2.2 per cent to...
...It wouldn’t have happened without the huge surge of inflation above the 2 per cent target, peaking at 11.1 per cent....
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