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...But the Fed was not the only central bank that markets deemed surprisingly dovish. Two days before the Fed, the Bank of Japan wrapped its first interest rate increase in 17 years in dovish packaging....
...The UK’s inflation rate fell sharply in February, bolstering arguments for the Bank of England to start cutting interest rates this year as it makes headway in bringing price growth under control....
...Valley Bank and First Republic a year ago and that befell the Wall Street investment banks back in 2008....
...Office for National Statistics data on Wednesday showed that an index based on car insurance prices had fallen by 1 per cent in January, the first month-on-month drop since February 2022....
...Having ridden out a deposit flight that led to the collapse of Silicon Valley Bank and First Republic last year, the challenge for many will be finding a way to increase profits again in 2024....
...The moves came after the Swiss National Bank became the first major central bank to start easing monetary policy as it unexpectedly cut its headline interest rate by 25 basis points to 1.5 per cent....
...The ONS figures come as separate data published on Friday by research company GfK showed UK consumers’ confidence in their personal finances in the year ahead had turned positive for the first time in more...
...Inflation in Spain fell in line with forecasts to 2.9 per cent in February, taking it back below 3 per cent for the first time in six months....
...The €12.2bn monthly drop in eurozone private sector lending in January, reported by the European Central Bank on Tuesday, is the first such decline since August....
...Official data this month pointed to softer conditions in the UK labour market, as slightly slower wage growth combined with a fall in job vacancies, stalling growth in the number of payrolled employees,...
...Home sellers in Missouri won the first major case against the NAR and several large brokerages in a jury trial last October, obtaining nearly $1.8bn in damages....
...This weekend marks the first anniversary of the scariest moment in European banking of the past decade. It was a testing time....
...Japan’s Topix was the only major Asian benchmark index to notch gains on Tuesday following the country’s central bank’s decision to raise interest rates for the first time since 2007....
...The Swiss National Bank announced a surprise cut to interest rates on Thursday in a sign of policymakers’ confidence over falling inflation....
...The Office for National Statistics said gross domestic product fell 0.3 per cent quarter on quarter in the last three months of 2023, following a 0.1 per cent fall in the previous period, confirming initial...
...In a further sign that global borrowing costs are heading lower, the Swiss National Bank unexpectedly cut its key rate on Thursday....
...Earlier in the month the Bank of England reported that mortgage approvals rose to a six-month high in December....
...The fall in UK sentiment contrasts with a simultaneous larger-than-expected rise in European consumer confidence, according to data released earlier in the week....
...In the fourth quarter of 2023, there were $17.4bn of investments. This followed a deficit, the first ever, in the third quarter, SAFE data showed....
...Equity markets had rallied in the final two months of last year on expectations that rates would begin to fall sometime in the spring of 2024....
...Real wage growth turned positive last year for the first time since before the pandemic, rising 0.1 per cent from 2022....
...Samuel Tombs, economist at the consultancy Pantheon Macroeconomics, said the “surprisingly sharp fall” in consumer price inflation made it more likely that the BoE would cut rates in the first half of 2024...
...The waiting list for routine hospital treatment in England fell in October for the first time this year, according to figures released on Thursday, as the health service braces for one of its most testing...
...Paul Dales, economist at Capital Economics, said the central bank would “be pleased that the public’s inflation expectations have continued to fall, but it probably doesn’t mean the first interest rate cut...
...The Bank of England said the ‘effective’ interest rate — the actual interest paid — on newly drawn mortgages fell by 6 basis points to 5.28 per cent in December, marking the first drop since November 2021...
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