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Swiss central bank cuts rates by a quarter point
Central banks started cutting interest rates months before the Fed
The Fed finally cut interest rates last week, joining a global party consisting of several banks across the world.
Swiss central bank cuts rates by a quarter point in third trim this year
The Swiss National Bank on Thursday took a third step to loosen monetary policy this year, bringing its key interest rate down by 25 basis points to 1.0%. The reduction comes amid subdued domestic inflation and a rally in the Swiss franc.
European Central Bank is likely to cut once more in December
Our central scenario still has the ECB holding its deposit rate at 3.5 per cent in October and cutting to 3.25 per cent in December, but we have recalibrated the probability of back-to-back cuts in light of recent policymaker comments suggesting that the chance of additional easing is higher.
3d
European Banks Are Factoring Climate Risks Into Loans, ECB Says
European banks are factoring climate risks into the terms of mortgages they grant, although they don’t fully grasp the ...
1d
European politics must leave markets to decide on UniCredit-Commerzbank, says Italy's former PM Letta
National governments should refrain from intervening as UniCredit seeks a potential tie-up with Commerzbank if Europe is to ...
KFGO
3d
European shares flat ahead of data-packed week
European shares started Monday on a subdued note as investors maintained a cautious stance ahead of a slew of key economic ...
3d
EU Bank Profitability Hit Record Just as ECB Started Rate Cuts
The profitability of Europe’s top banks hit a record high just as the European Central Bank cut interest rates for the first ...
Northwest Arkansas Democrat Gazette
13d
European Central Bank cuts rates
FRANKFURT, Germany -- With inflation subsiding, the
European
Central
Bank
cut interest rates again on Thursday to prop up tepid growth with lower borrowing costs for companies and homebuyers.
1d
on MSN
France could get deficit to EU limit in five years, says Bank of France head
It is not realistic for France to lower its deficit to 3% of GDP within three years but it could be possible within five ...
3d
Barclays, Bank of America Helped Orcel Buy Commerzbank Stake
UniCredit SpA Chief Executive Officer Andrea Orcel used Barclays Plc and Bank of America Corp. to help him quietly build up a ...
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