UK firms expect to raise prices more quickly as Iran war pushes up costs

Bank of England survey in March shows chief financial officers foresee 3.7% increase over coming year

The Guardian
JPMorgan cuts Bank of England rate hike forecast to one increase in June from two, following Governor Andrew Bailey's warning that market expectations are running ahead amid complex policy environment driven by Iran war-related energy price surge
#YonhapInfomax #JPMorgan #BankOfEngland #InterestRates #AndrewBailey #MonetaryPolicy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=113466
JPMorgan Scales Back BOE Rate Hike Forecast to One Increase After Governor's Warning

JPMorgan cuts Bank of England rate hike forecast to one increase in June from two, following Governor Andrew Bailey's warning that market expectations are running ahead amid complex policy environment driven by Iran war-related energy price surge

Yonhap Infomax
Franklin Templeton predicts Bank of Korea may raise interest rates as early as May if oil prices remain above $100 per barrel, citing Middle East tensions, won depreciation, and household debt as potential catalysts for earlier-than-expected monetary tightening despite baseline scenario of rate freeze through 2026.
#YonhapInfomax #BankOfKorea #InterestRates #OilPrices #FranklinTempleton #MonetaryPolicy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=113460
Franklin Templeton - BOK May Raise Rates from May if High Oil Prices Persist

Franklin Templeton predicts Bank of Korea may raise interest rates as early as May if oil prices remain above $100 per barrel, citing Middle East tensions, won depreciation, and household debt as potential catalysts for earlier-than-expected monetary tightening despite baseline scenario of rate freeze through 2026.

Yonhap Infomax
UK’s Reeves ‘angry’ over Trump’s decision to attack Iran

The costs of borrowing have “gone through the roof,” through no fault of Britain, the top finance minister said.

POLITICO
1 Bloomberg: #Global #stocks, which had rallied on the back of the #AIboom and falling #interestrates, have lost about $14 trillion in value since the conflict in the #MiddleEast began. 🧵 #markets
April 01: OCBC 360 Rate Cut—Max EIR 4.45% on S$100k From May 1 | Meyka

OCBC 360 interest rate cut: Max EIR 4.45% p.a. on first S$100,000 from May 1. What this means for Singapore savers and bank investors, plus DBS and UOB options.

Powell Echoes Volcker, Cites "Courage" Amidst Scrutiny

Fed Chair Jerome Powell honored with Paul Volcker award, citing Volcker's courage against inflation and political pressure. What does this mean for Fed independence?

#JeromePowell, #PaulVolcker, #FederalReserve, #Inflation, #InterestRates

https://newsletter.tf/powell-praises-volcker-courage-inflation-fight-2024/

Fed Chair Jerome Powell was given an award and praised Paul Volcker's "courage" in fighting inflation. This is a strong signal about the Fed's independence.

#JeromePowell, #PaulVolcker, #FederalReserve, #Inflation, #InterestRates
https://newsletter.tf/powell-praises-volcker-courage-inflation-fight-2024/

Powell Praises Volcker's Courage on Inflation Fight in 2024

Fed Chair Jerome Powell honored with Paul Volcker award, citing Volcker's courage against inflation and political pressure. What does this mean for Fed independence?

NewsletterTF

The Iran war is driving up inflation – POLITICO

Europe faces its next big problem: The Iran war is driving up inflation – POLITICO Skip to main…
#NewsBeep #News #BreakingNews #Banks #breakingnews #ChristineLagarde #Energy #Energyprices #Fuels #Inflation #InterestRates #Iran #War
https://www.newsbeep.com/461428/

Bloomberg: The #euroarea saw its steepest jump in #inflation since 2022 as the #Iranwar pushed #energycosts sharply higher, reinforcing expectations that the #EuropeanCentralBank will have to raise #interestrates.