European banks see Q4 profit surge, ’25 outlook wobbles
European banks are set to post strong fourth-quarter 2024 profits, fuelled by robust lending margins and investment…
Browsing Tag
interest rates
Pakistan’s c. bank cuts interest rate by 100bps
The monetary policy committee (MPC) of the State Bank of Pakistan (SBP) decided on Monday to reduce the policy rate…
UK businesses to cut pay awards amid tax hikes
A majority of British businesses plan to reduce staff pay awards following tax hikes announced in October's budget,…
Germany’s economy shrinks in ’24
Germany’s economy contracted in 2024 compared to the previous year with the gross domestic product (GDP) dropping…
China pledges ample liquidity for economy
China's central bank chief stated on Monday that the government will back a moderately loose monetary policy to…
Sterling outperforms major currencies against dollar
The pound sterling is set to end 2024 as the top-performing major currency against the dollar, despite a 1.4 per…
Erdogan: 2025 to be landmark for interest rate cuts
Turkey’s President Recep Tayyip Erdogan announced plans to lower interest rates in 2025, reiterating his belief…
UK business confidence hits ’24 low in Dec.
UK business confidence dropped to its lowest point in 2024 in December, with the Lloyds Bank Business Barometer…
ECB nears inflation target, eyes gradual rate cuts – Lagarde
European Central Bank (ECB) President Christine Lagarde stated that the eurozone is "very close" to achieving the…
ECB’s Vujcic: Rate cuts to persist in 2025
The European Central Bank (ECB) will maintain its course of reducing borrowing costs in 2025, according to…