Page 9 - Jonathan Cable News Today

Malaysias central bank will hold its key interest rate at 3% on Thursday and through 2024, despite a weakening ringgit, amidst stable domestic inflation and a steady growth outlook, according to...

The Bank of England is likely done with policy tightening and will leave Bank Rate at 5.25% on Nov. 2, according to the vast majority of economists polled by Reuters who did however caution the...

The Bank of England is likely done with policy tightening and will leave Bank Rate at 5.25% on Nov. 2, according to the vast majority of economists polled by Reuters who did however caution the chance of another increase this year was high. Although inflation unexpectedly held steady at 6.7% in September, the highest of any major advanced economy, 61 of 73 economists in the Oct. 18-23 poll said there would be no move from the Bank next week, in line with market expectations. Only 12 economists...

The Eurozone is facing a broad-based economic downturn as business activity unexpectedly worsened this month, according to a survey. The flash euro zone Composite Purchasing Managers Index (PMI) fell to its lowest level since November 2020, indicating a possible slide into recession. The survey also revealed a decline in demand and a reduction in overall headcount. The services industry, which is the dominant sector, experienced a significant drop in demand. The manufacturing sector also contrac...

U.S. business activity ticked higher in October while output in the euro zone took a surprise turn for the worse, surveys showed on Tuesday, underscoring the diverging path for central bankers in the two regions and fanning fears the bloc may slip into recession. In the United States, the manufacturing sector pulled out of a five-month contraction on a pickup in new orders, and services activity accelerated modestly amid signs of easing inflationary pressures. S&P Global said its flash U....

By Dan Burns and Jonathan Cable WASHINGTON/LONDON (Reuters) - U.S. business activity ticked higher in October while output in the euro zone took a sur...

By Dan Burns and Jonathan Cable WASHINGTON/LONDON (Reuters) - U.S. business activity ticked higher in October while output in the euro zone took a ...

The European Central Bank's rate hiking cycle is over, according to all 85 economists polled by Reuters, but it won't be until at least July 2024 before it begins easing as the battle against elevated inflation rattles on. In September the ECB raised its key interest rates by 25 basis points, taking the deposit rate to 4.00% and the refinancing rate to 4.50%, but signalled its 10th hike in a 14-month-long streak was likely to be its last. None of the 85 economists polled by Reuters O...

The European Central Banks rate hiking cycle is over, according to all 85 economists polled by Reuters, but it wont be until at least July 2024 before it begins easing as the battle against...

The U.S. Federal Reserve will keep its key interest rate on hold on Nov. 1 and may wait longer than previously thought before cutting it, according to economists in a Reuters poll, as the central...