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...Public finances remain very tight and investors have recently scaled back their expectations on the number of interest rate cuts the Bank of England will be able to make in 2024....
...The move to push back the target came alongside a more cautious outlook on the European economy....
...Check the latest interest rates on National Savings & Investments accounts. See our coverage of the latest savings and investment issues....
...A more demanding target — two-thirds of typical pay — is now being achieved. Various lessons stand out. First, credible oversight is vital....
...The central bank has an inflation target of 1 per cent to 3 per cent....
...But moving interest rates closer to the central bank’s 2 per cent inflation target could take much longer than expected....
...“Scotland is halfway to net zero . . . but the hard work is still to come after years of missed opportunities,” said Mark Ruskell MSP, climate spokesperson for the Scottish National party’s coalition partners...
...Analysts at the bank said they derived the figure by making estimates based on calculations on excess transactions for 54 Chinese ETFs....
...We will not get big announcements of a change to inflation targets, not when central banks have missed their targets so much after mischaracterising inflation as “transitory” three years ago....
...The Swiss National Bank announced a surprise cut to interest rates on Thursday, in a sign of policymakers’ confidence over falling inflation....
...The Swiss National Bank has become the latest central bank to leave its main interest rate on hold, keeping its policy rate at 1.75 per cent....
...US Federal Reserve chair Jay Powell has said it is likely to take “longer than expected” for inflation to return to the central bank’s 2 per cent target and justify cuts to interest rates....
...Former Royal Bank of Scotland head Ross McEwan will stand down in April as chief executive of National Australia Bank, the country’s third-largest lender....
...He stressed that the bank wanted to ensure that inflation returned sustainably to target. “We are looking beyond that temporary period of being what we think will be down at target....
...UK inflation could hold around the Bank of England’s 2 per cent target for the next three years, according to an interest rate-setter, making the country “less of an outlier and more of a laggard” in terms...
...The proposed legislation targets TikTok’s foreign ownership, not its content. It doesn’t censor specific speech. Passing this bill is a question of corporate ownership, not speech....
...The Scottish Greens are to vote on the future of their power-sharing agreement with the Scottish National party after the government dumped climate targets this week....
...Inflation has not just fallen decisively but is forecast to hit the 2 per cent target within months,” Hunt said....
...However, Williams suggested that he still believed the federal funds target range, of 5.25 to 5.5 per cent, could end the year 75 basis points lower....
...On the first day of the National People’s Congress, the country’s rubber-stamp parliament, Li also outlined a plan to issue Rmb1tn of ultra-long-term special treasury bonds to implement “major national strategies...
...According to the World Bank, women invest 90 per cent of every dollar they earn into their families’ education, health and nutrition....
...MPs have urged a “rethink” on controversial changes that they warned would give the government new powers to inspect the bank accounts of millions of pensioners....
...In any case the pace of pay growth remained well above levels consistent with the central bank’s 2 per cent inflation target, analysts said....
...Inflation is now coming down to target,” he added....
...But some of these banks are still being forced by regulators to reduce their exposure to Ant and other online platforms, two of the banks’ managers said....
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