Headline inflation 3.3 vs forecast 3.1 Key exenergy figure 4.4, in line with expectations Analysts see first rate cut in midyear STOCKHOLM, Feb 19 Reuters Headline Swedish inflation picked up pace as expected in January, data showed on Monday, and if the increase proves temporary it is unlikely to derail the central bank39;s plans to […]

MUMBAI, Feb 20 Reuters Inflation expectations in India may stabilise and edge down going ahead but renewed pressures from cereals and proteins cannot be ruled out, the Reserve Bank of India said in its February bulletin published on Tuesday. The country39;s retail inflation eased to a threemonth low of 5.1 in January, from 5.69 in December and […]

Feb 20 Reuters Goldman Sachs said on Tuesday that it now expects the Bank of England to deliver an interest rate cut in June, revising its prior forecast of May, citing a resilient labor market and mounting pressures from wage growth. British wages grew at the weakest pace in more than a year at the end of 2023, […]

LONDON, Feb 20 Reuters The pound headed for its longest stretch of losses against the euro this year on Tuesday after the governor of the Bank of England said inflation did not need to return to target to justify cutting rates. Separately, European Central Bank data showed euro zone wage growth moderated in the fourth quarter from […]

Feb 20 Reuters New car sales in the European Union rose 12.1 yearonyear in January, helped by doubledigit growth in Germany and Italy, data showed on Tuesday, with registrations of fully electric cars growing in annual terms but slumping from December. Total registrations at Europe39;s two largest carmakers Volkswagen and Stellantis rose by 11.5 and 15 respectively […]

SHANGHAISINGAPORE, Feb 20 Reuters China announced its biggest ever reduction in the benchmark mortgage rate on Tuesday, as authorities sought to prop up the struggling property market and broader economy. The 25basis point cut to the fiveyear loan prime rate LPR was the largest since the reference rate was introduced in 2019 and far more […]

JAKARTA, Feb 20 Reuters Indonesia on Tuesday launched a revised taxonomy or green investment rulebook categorising coalfired power plants used in nickel facilities as part of the global transition to a green economy, in a move likely to face opposition from green groups. Environmentalists criticised the notion of categorising the financing of new coal power […]