Sunday, June 1, 2025

Creating liberating content

Government mulls doubling safeguard duty on steel from 12% to

One way to prepare your child is to understand the

Baby names inspired by the stars Stars have fascinated humankind

Fasting may be viewed as a means of ONLY reducing

Related News

Government mulls doubling safeguard duty on steel from 12% to 24% NEW DELHI: The government is evaluating the possibility of increasing the safeguard duty on steel to as much as

One way to prepare your child is to understand the syllabus yourself first. Every competitive exam has a specific syllabus and pattern, such as the number of questions, subjects, and

Baby names inspired by the stars Stars have fascinated humankind for centuries—guiding travelers, inspiring poets, and lighting up the night sky with wonder. Naming your baby boy after the stars

Fasting may be viewed as a means of ONLY reducing weight by some, but this practice has science-backed evidence when it comes to controlling other functions of the body like

NEW DELHI: Pakistan violated the Indus Waters Treaty (IWT) through “unrelenting cross-border terrorism”, India said at an international forum in Tajikistan and justified its action of putting the 1960 treaty

Welcome to this week’s horoscope, where the celestial alignments offer insight into the lives of the zodiac signs. From career and love to finances and health, these forecasts provide a

Trending News

Finance minister Nirmala Sitharaman NEW DELHI: Finance Minister Nirmala Sitharaman on Saturday endorsed the Central Board of Indirect Taxes and Customs (CBIC) for its detailed clarification on social media allegations

NEW DELHI: Industry associations Solvent Extractors’ Association (SEA) and Indian Vegetable Oil Producers’ Association (IVPA) have welcomed the government’s decision to reduce the basic customs duty on crude edible oils

The upcoming hike in US tariffs on steel and aluminium imports, announced by President Donald Trump, is set to impact Indian metal exports worth $4.56 billion, according to a new

NEW DELHI: The Indian bond market is gaining momentum due to lower inflation and expectations that the Reserve Bank of India will cut interest rates, according to a report by

NEW DELHI: Bank branches in metropolitan areas have seen their share in overall credit decline to 58.7 per cent as of March 2025, down from 63.5 per cent five years

New Delhi: Banks across India will stay open on Saturday, May 31, as it is the fifth Saturday of the month.According to the Reserve Bank of India (RBI) guidelines, banks

Bank of England may cut interest rates by 0.25% amid tariff tensions

Word Count: 661 | Estimated Reading Time: 4 minutes


Bank of England may cut interest rates by 0.25% amid tariff tensions

The Bank of England is expected to lower its key interest rate by a quarter percentage point on Thursday, bringing it down to 4.25%, amid fears of US President Donald Trump’s planned tariffs hitting global economic growth, including Britain’s.The decision is due at 11:02 GMT, two minutes later than usual to honour a moment of silence for the 80th anniversary of Victory in Europe Day. The US Federal Reserve, on Wednesday, opted to hold borrowing costs steady, while the European Central Bank cut rates last month to stimulate the eurozone economy.Markets are already anticipating the rate cut, however, will be closely looking out for any changes in the language used by the central bank’s monetary policy committee, which could indicate further rate reductions later in the year.Enrique Diaz-Alvarez, chief economist at global financial services group Ebury, said, “While the Bank of England is universally expected to cut (on Thursday)… the key to the reaction in the pound will be the bank’s accompanying communications.” He also said the bank would likely lower its forecasts for both inflation and economic growth in 2025, and may warn that US tariffs could slow down the UK economy and reduce inflation.Britain is currently bracing for 10% tariffs on most of its goods exported to the US, its second-largest trading partner after the EU. The new levies are part of a broader wave of trade tensions that have already pushed oil prices down, further easing inflation expectations.BoE governor Andrew Bailey has warned that the tariffs could still be a blow to the UK economy even if Britain escapes the harshest duties. London is engaged in talks with Washington over a post-Brexit trade deal that could see tariffs softened in exchange for adjustments to the UK’s digital services tax on US tech giants.The Bank of England last altered interest rates in March, when it held steady at 4.5% after three cuts in the previous seven months, as the UK economy continued to wrestle with a weak growth





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account