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...The central bank is widely expected to cut its growth and inflation forecasts while keeping rates unchanged at its meeting on Thursday....
...Powell also suggested it was too soon to know whether recent signs of stickier than expected inflation, especially in the services sector, would last....
...Asked about them by the Financial Times this week, the firm said: “The defunct website being referred to, which was not part of McKinsey.com, contained inaccurate representations of our client service, and...
...Services price inflation is likely to remain stubbornly strong this year and could cause central banks to delay interest rate cuts, according to the Bank for International Settlements....
...Inflation in the eurozone’s two largest economies has fallen to its lowest level since mid-2021, but services prices remain stubbornly strong, presenting the European Central Bank with a conundrum over when...
...Central banks: Federal Reserve chair Jay Powell gives the opening remarks at a Washington event hosted by the US central bank....
...What matters is whether it would be even higher now had central banks not tightened monetary policy. The evidence suggests so. To avoid hindsight bias, it is worth casting minds back....
...Inflation is expected to have jumped back up across much of Europe, casting doubt over investors’ hopes that the European Central Bank will start cutting interest rates as early as March....
...Central Bank. 10-year German Bund yields, the benchmark for the eurozone, rose 0.06 percentage points to 2.08 per cent....
...German inflation accelerated to its fastest rate for three months in December, casting doubt over investors’ hopes that the European Central Bank will start cutting interest rates as early as March....
...Videos shared on social media, apparently filmed by members of the security services in a wooded, roadside area, showed the four shortly after they were captured....
...The upshot The eurozone and UK should keep an eye on services prices and wages, but central bankers should expect it to moderate now that natural gas prices have reversed....
...the health services’ £8bn procurement budget....
...Financial markets closed Senegal: presidential election Vatican City: Pope Francis attends a Palm Sunday service in St Peter’s Square...
...The main reason for the BoJ’s caution is that inflation and wage growth data have been weaker than expected, casting doubt on the BoJ’s ability to hit a 2 per cent target sustainably....
...Polish truckers have agreed to suspend a border blockade with Ukraine that was hurting Kyiv’s trade and war efforts and casting a shadow over Donald Tusk’s premiership....
...The reading is unlikely to lead the BoK to start lowering interest rates, ING Economics wrote in a note on Friday, as temporary government subsidies for energy and public services help lower the CPI reading...
...Emboldened perhaps by the prevailing depth of feeling against bankers, the Central Bank of Ireland forced sitting bank executives to jump through the new system’s hoops if they wanted to continue carrying...
...Officials at the central bank have also been closely watching growth in services prices, which rose 6.5 per cent in January compared with a year earlier....
...She said she and her colleagues would look particularly closely at three variables to determine if disinflation is on the right track: wage growth (which influences services prices); unit profits (which...
...The group aims to create a caliphate in Khorasan, a region extending across parts of the Indian subcontinent and central Asia....
...Lagarde told a conference of ECB watchers in Frankfurt on Wednesday that continued high wage growth and weak productivity in the eurozone meant services inflation was expected “to remain elevated for most...
...Grab your popcorn, the European Central Bank’s gone studs-up on the Securities & Exchange Commission....
...The assailants detained by the FSB are nationals of Tajikistan, a Central Asian country that has been the scene of Isis activity in the past....
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