The central bank said that future cuts would be gradual after spending increases were introduced in the government’s new budget.

The Bank of England on Thursday said it was cutting its key interest further after UK inflation hit a three-year low and signalled more reductions, easing pressure on borrowers. Sweden's central bank slashed borrowing costs by 0.5 basis points Thursday -- its fourth this year and biggest reduction in a decade -- while Norway made no change.

Central-case terminal rate forecast was lowered from 2.25% to 1.50%, Deutsche Bank’s team of economists note.

The EUR/GBP reverses intraday losses and bounces back to near 0.8300 in the European trading session on Thursday.

The market has strongly priced in the fact that the Riksbank will frontload, as it expects the bank to cut rates by a whopping 50 basis points today, from 3.25% to 2.75%.

The EUR/GBP cross extends its downside to near 0.8315 on Tuesday during the early European session.

The Bank of England on Thursday said it was cutting its key interest further after UK inflation hit a three-year low and signalled more reductions, easing pressure on borrowers. Sweden's central bank slashed borrowing costs by 0.5 basis points Thursday -- its fourth this year and biggest reduction in a decade -- while Norway made no change.

The Bank’s Monetary Policy Committee (MPC) announced that rates were being reduced from 5% to 4.75%

Federal Reserve officials are widely expected to cut rates by a quarter point, as uncertainty about a second Trump presidency looms large.

The Bank has issued a warning over how last week's Budget could impact inflation

The base rate drop to 4.75 per cent could also give first-time buyers a boost onto the property ladder.

As the Federal Open Market Committee (FOMC) meets today, the crypto market's focus is on the Federal Reserve's forthcoming announcements.

In Norway, inflation has remained at high levels for a long time compared to other countries, especially the core rate.

The GBP/JPY cross retreats a few pips after touching a one-week high, around the 199.55 region during the Asian session on Thursday, albeit it lacks follow-through selling.

The GBP/USD pair attracts some buyers during the Asian session on Thursday and moves away from its lowest level since mid-August, around the 1.2835-1.2830 region touched the previous day.

The GBP/USD pair attracts some buyers during the Asian session on Thursday and moves away from its lowest level since mid-August, around the 1.2835-1.2830 region touched the previous day.

(Bloomberg) — Czech policymakers will likely press on with an eighth consecutive interest-rate cut as weak economic growth for now trumps concerns about inflationary risks.

(Bloomberg) — Serbia may take advantage of signs headline inflation is easing to cut interest rates to the lowest level in almost two years after policymakers held the benchmark last month.

The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell below its target rate of 2%.

Treasury yields surged on Wednesday, putting upward pressure on mortgage rates, as market participants strapped in for a Trump presidency that's expected to boost inflation and interest rates.

Markets are pricing in a near-certainty that the FOMC will lower its benchmark rate by a quarter percentage point.

Bond yields surged after Trump's reelection, which could impact the rate borrowers get on loans. The 10-year Treasury yield rose 18 basis points, and

TDS expects the MPC to cut Bank Rate by 25bps with a 7-2 majority, and leave guidance relatively unchanged, implying a cautious approach to further cuts.

The Monetary Policy Committee will meet up this week and announce its review of national interest rates

According to the Bank of Canada's (BoC) minutes from the October 2024 meeting that was released Wednesday, the governing council felt upside pressures on inflation will continue to decline, so the monetary policy did not need to be as restrictive.

(Bloomberg) — Brazil’s central bank raised its key interest rate by half a percentage point, doubling the pace of monetary tightening as uncertainty over public spending and Donald Trump’s presidency fuel inflation expectations that are already above target. 

(Bloomberg) — Brazil’s central bank is widely expected to increase its key interest rate by half a percentage point on Wednesday, twice as much as in its previous monetary policy meeting, as investors worried about public spending push inflation estimates further above target. 

The EUR/GBP cross extends its decline to around 0.8345 during the early European session on Wednesday.

EUR/JPY maintains its position near 165.50 during the Asian trading hours on Wednesday as the Japanese Yen (JPY) gained support from hawkish minutes of the Bank of Japan's (BoJ) most recent meeting.

KUALA LUMPUR: Malaysia's central bank kept its benchmark interest rate unchanged on Wednesday (Nov 6), in line with market expectations, amid a positive economic growth outlook and steady inflation. At its final policy meeting of 2024, Bank Negara Malaysia (BNM) maintained its overnight policy rate at 3.00

Poland’s central bank (NBP) will announce its monthly interest rate decision today.

The Federal Reserve faces a starkly different outlook for growth and inflation now that former President Donald Trump looks to have secured his return to the White House, only this time with the likely support of both Houses of Congress for his tax, spending and tariff plans.