Specialized search for economics

8+ min ago   (781+ words) The Bank of England (BoE) has held interest rates at 3.75 per cent in its first vote of the year, after it was cut six times in 18 months. Although the result was expected, the nine-person Monetary Policy Committee (MPC) vote turned…...

8+ min ago   (803+ words) The Monetary Policy Committee (MPC) vote turned out much closer than anticipated, with a 5-4 result paving the way for future cuts The Bank of England (BoE) has held interest rates at 3.75 per cent in its first vote of the year,…...

17+ min ago   (296+ words) "The Bank of England voted to hold Bank Rate at 3.75%, with of 5-4 split, which was more dovish than was expected by the market." "Looking forward, today's four dissents and the balanced wavering of Bailey and Mann at this meeting continue…...

19+ min ago   (234+ words) The Bank of Mexico held its benchmark interest rate at 7.00% as expected, reflecting recent increases in inflation and economic growth. The decision by the central bank's five-member governing board was unanimous, signaling a stable approach to current economic conditions. Bank…...

25+ min ago   (450+ words) GBP/JPY trades around 212.70 on Thursday at the time of writing, down 0.70% on the day, as Pound Sterling (GBP) comes under strong pressure following the Bank of England's policy announcement. The British currency weakens against most of its major peers…...

25+ min ago   (1431+ words) President Donald Trump says his administration has delivered nothing short of an American comeback " transforming what he describes as a "DEAD" country into the "HOTTEST" economy anywhere in the world. And he points to one policy tool above all others…...

26+ min ago   (584+ words) President Donald Trump is targeting the Federal Reserve (Fed), attempting to reduce its independence. This is especially concerning, as the Fed's independence is central to its functionality." The Fed controls the U.S.'s monetary policy. Banking panics were a common occurrence…...

32+ min ago   (343+ words) Washington " The number of Americans filing new applications for unemployment benefits increased more than expected last week, likely boosted by snowstorms across much of the country, but labor market conditions remain stable. Initial claims for state unemployment benefits jumped 22,000 to…...

34+ min ago   (429+ words) European stocks fell as sentiment took a hit from weak US jobs data, with investors also tracking a busy slate of earnings and key interest-rate decisions. Novo Nordisk A/S dropped as a US competitor plans to offer cheaper copies…...

36+ min ago   (461+ words) Mortgage rates are driven by bonds and that bonds care about employment data. There are quite a few different economic reports that focus on various employment metrics. Next Wednesday's jobs report is the biggest ticket by far, but other reports…...