LONDON (Reuters) -Bank of England policymaker Swati Dhingra said on Monday her decision to vote for a half-point reduction in the central bank’s recent interest rate decision was to make a statement on the direction of the British economy. “I get to pick times when I want to be able to make a more categorical …
BoE’s Dhingra says her rate decision signalled economic direction Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s economy powered through the first quarter, defying high borrowing costs thanks to a bumper grain harvest and growth in the industrial sector, central bank data showed on Monday. The IBC-Br economic activity index, regarded as a proxy for gross domestic product (GDP), grew 1.3% in the January-to-March period from …
Brazil Q1 activity jumps 1.3% as grains, industry offset rate-hike drag Read More »
BRASILIA (Reuters) -Brazil’s Finance Ministry on Monday nudged its growth forecast higher and lifted its inflation projection for this year, according to fresh estimates from its economic policy secretariat. Gross domestic product (GDP) is now seen expanding 2.4% in 2025, up from the 2.3% seen in March, while the 2026 forecast was kept at 2.5%. …
Brazil’s government lifts 2025 GDP forecast, nudges inflation outlook higher Read More »
CAIRO (Reuters) – Egypt’s central bank is expected to lower overnight interest rates by a median of 175 basis points on Thursday, extending a reduction begun in April as inflation remains relatively low, a Reuters poll shows. The median forecast of 16 analysts was for the central bank to cut the deposit rate to 23.25% …
Egypt’s central bank expected to cut rates by 175 bps: Reuters poll Read More »
BEIJING (Reuters) -China’s major state banks will cut their deposit rates from Tuesday, three people with knowledge of the matter said, easing pressure on profitability as China reduces lending rates to boost a slowing economy. Banks including Industrial and Commercial Bank of China, China Construction Bank and Bank of China will cut rates on some …
China’s state banks will cut deposit rates on Tuesday, sources say Read More »
SANTIAGO (Reuters) -Chile’s gross domestic product grew 0.7% in the first quarter of 2025 from the previous three-month period, central bank data showed on Monday. The result came in slightly above the 0.5% expansion expected by economists in a Reuters poll. The Andean nation’s economy was up 2.3% in the first quarter from a year …
Chile’s economy grows more than expected in first quarter Read More »
STOCKHOLM (Reuters) -Sweden’s right-wing government said on Monday it planned to cut the corporate tax level to 20% from 20.6% in its budget for 2026 along with other measures to boost the economy. “The aim is to strengthen the conditions for investment and growth in Sweden in light of the fact that higher tariffs and …
Swedish government proposes cutting company tax in 2026 budget Read More »
LONDON (Reuters) -The group of governments whose bonds get the highest ranking just got smaller, after the United States lost its last triple-A credit rating from Moody’s. The agency on Friday downgraded the U.S. rating by a notch to “Aa1” from “Aaa”, citing rising debt and interest, and reflecting increased concern about rising debt in …
Explainer-The ‘triple A’ sovereign bond club has shrunk Read More »
By Steven Scheer TEL AVIV (Reuters) -Israel’s banking regulator on Monday said it was still too early to give the green light to commercial banks to raise dividend payouts due to ongoing economic uncertainty stemming from the war in Gaza. At the outset of the war triggered by Hamas’ October 2023 attack on Israel, the …
By Vuyani Ndaba JOHANNESBURG (Reuters) – South Africa’s National Treasury will likely announce wider budget deficit forecasts on Wednesday as it struggles to find alternative sources of revenue in the absence of stronger economic growth, a Reuters poll of economists found. The Treasury will project a budget gap equivalent to 4.70% deficit of gross domestic …
