Les Commons

Mar 21, 2025 | marketnews.com | Les Commons

MNI (LONDON) -  UK government borrowing was GBP10.7 billion in February, GBP0.1 billion more than in February 2024 and the fourth highest February borrowing since monthly records began in 1993, the Office for National Statistics said Friday. Overall borrowing in the financial year to February 2025 was GBP132.2 billion; GBP14.7 billion more than at the same point in the last financial year and the third highest financial year-to-February borrowing since monthly records began in 1993.

Mar 20, 2025 | marketnews.com | Les Commons

BOE MPC votes 8-1 for unchanged rates, points to risks ahead. MNI (LONDON) - The Bank of England kept monetary policy unchanged in March, voting eight-one to leave Bank Rate at 4.5%, with Swati Dhingra a lone voice calling for a further 25-basis-point cut. (see MNI BOE WATCH:  Set For March Hold, Mann's Vote The Wildcard )Catherine Mann, who surprised in February with a vote for a 50bp rate cut, fell back into the pack, voting to keep rates unchanged. Keep reading...Show less 413 words

Mar 20, 2025 | marketnews.com | Les Commons

SNB cuts 25 basis points to 0.25% as inflation outlook remains subdued. MNI (LONDON) - The Swiss National Bank cut its benchmark Policy Rate by 25 basis points to 0.25% on Thursday, saying that this would ensure that "monetary conditions remain appropriate, given the low inflationary pressure and the heightened downside risks to inflation."Banks’ sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold, and at 0% above this threshold.

Mar 20, 2025 | marketnews.com | Les Commons

Rates Cut for fifth straight meeting, outlook uncertain. MNI (LONDON) - The Swiss National Bank cut its benchmark Policy Rate by 25 basis points to 0.25%, saying that this would ensure that "monetary conditions remain appropriate, given the low inflationary pressure and the heightened downside risks to inflation."Banks’ sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold, and at 0% abovethis threshold.

Mar 20, 2025 | marketnews.com | Les Commons

MNI (LONDON) - A trade war with U.S tariffs would make the eurozone's price outlook "significantly more uncertain," potentially adding 0.5 percentage point to inflation, European President Christine Lagarde told the European Parliament's ECON committee. In the near term, EU retaliatory measures and a weaker euro exchange rate  "resulting from lower U.S.demand for European products" could lift inflation by around half a percentage point Lagarde said.