Nigel Farage and Richard Tice met with the Bank of England Governor - Tolga Akmen/Shutterstock Reform UK will urge Rachel Reeves to overhaul the Bank of England’s money-printing programme to gain a £20bn lifeline ahead of the Budget. Richard Tice, Reform’s deputy leader, is writing to Ms Reeves and the leader of the House of Commons to request an urgent debate on the issue following a meeting with Andrew Bailey, the Bank’s Governor, on Thursday. The party claims the Treasury could save billions by cha ...

SAO PAULO (Reuters) -Brazil's central bank projected on Thursday that inflation will hover near the official goal in the first quarter of 2028, but still fail to meet it, according to the bank's latest quarterly monetary policy report. After projecting earlier this month annual inflation at 3.4% for the first quarter of 2027, the relevant horizon for policy decisions, policymakers unveiled a 3.1% forecast for the first quarter of 2028, the final period covered by the report. The bank targets inflation ...

New Zealand's first foreign central bank governor in modern history takes the top job amid heightened criticism of the bank's management of the economy and as independent monetary policy around the world comes under political pressure. ...

By Lucy Craymer WELLINGTON (Reuters) -New Zealand on Wednesday named Swedish national Anna Breman as its new central bank governor, the first woman in the role who joins following a major shakeup at the bank amid criticism over its management of the economy. Finance Minister Nicola Willis said Breman, currently the First Deputy Governor of Sweden's central bank, the Riksbank, will take up her role at the Reserve Bank of New Zealand (RBNZ) on December 1. "Dr Breman comes to New Zealand with an impressi ...

SAO PAULO (Reuters) -Brazil's central bank said on Tuesday that it has entered a "new stage" in which policymakers opt to keep interest rates unchanged while evaluating whether the current level is enough to ensure inflation converges to its 3% target. In the minutes from its latest meeting, where it held the benchmark Selic rate at a near two-decade high of 15% for the second consecutive time, the bank said that policymakers would not hesitate to resume a hiking cycle if deemed appropriate. The rate-set ...

Sweden's central bank reduced its key policy rate to 1.75% and suggested the cut could mark the final monetary easing of the current cycle. ...

Federal Reserve "dot plot" of interest rate expectationsFederal ReserveWhat will the Federal Reserve do with interest rates now that they’ve cut once this year? Will more cuts come or will they hang tight with current interest rates? Fed chair Jerome Powell said, in his post-meeting press conference, that the Fed was not on a fixed course but would watch the data as they emerge. However, we cannot ignore politics: President Trump clearly wants to see lower interest rates.The Fed began interest rate cuts in ...

I'm not attempting to provide an impossible degree of precision, but a general ballpark. Based on this analysis, I believe the appropriate Fed funds rate is in the mid 2% area, almost two percentage points lower than current policy. The Federal Reserve has been entrusted with the important goal of promoting price stability for the good of all American households and businesses.And I am committed to bringing inflation sustainably back to 2%. However, leading policy restrictive by such a large degree brings s ...

Stephen Miran, Donald Trump’s new appointee on the Federal Reserve’s interest-rate-setting board, has doubled down on his calls for the central bank to more aggressively cut interest rates.Last week, the Fed cut interest rates by a quarter point, bringing rates down to a range of 4% to 4.25% – the lowest it’s been since early 2023. Out of 12 voting board members, Miran was the only one to vote against the crowd. He wanted a half-point cut, not a quarter-point cut.Miran told the Economics Club of New York th ...

By Anant Chandak and Indradip Ghosh BENGALURU (Reuters) -The Swiss National Bank will hold its policy rate at zero on September 25 and throughout 2026 due to inflation remaining on target and the currency holding steady, according to a majority of economists in a Reuters poll. With the SNB already having the lowest interest rate among major central banks and inflation gradually picking up - although remaining very low - the bar is high for rates to go negative, as they were from December 2014 until Septe ...