Category : Search result: Reserve Bank


Australian inflation cools to two-year low of 3.6%

Australian inflation has cooled to its lowest level in over two years, offering a glimmer of hope for households battling the cost-of-living crisis. We break down what's getting cheaper and what's still burning a hole in your pocket.

Powell Defends Fed Independence Amid Trump Pressure

Federal Reserve Chair Jerome Powell delivers unprecedented testimony, defending the central bank's autonomy amid mounting political pressure from the Trump White House over interest rate policy.

RBA Chief: Inflation Crisis Far From Over

Reserve Bank of Australia Governor Michele Bullock delivers a sobering message to Australians, warning that the cost-of-living crisis is far from over and high prices may persist, dashing hopes for near-term relief.

Intel & Nvidia Surge Sparks Global Market Rally

Wall Street and Asian markets rallied as Intel and Nvidia shares soared on AI optimism, while the Bank of Japan maintained its negative interest rates. Get the full analysis on the global market surge.

Trump's Supreme Court challenge over Fed's Lisa Cook

Former President Trump initiates a Supreme Court battle to block the renomination of Federal Reserve Governor Lisa Cook, setting up a major constitutional confrontation over presidential powers and central bank independence.

Bank of America UK: Pay Rises Amid Branch Closures

Exclusive: Bank of America announces a major pay increase for its UK staff while quietly accelerating a programme of local branch closures, raising questions about the future of high street banking.

Asian Markets Tumble on US Fed Rate Fears

Asian stock markets plunged sharply as fears of prolonged high US interest rates triggered a global sell-off. The Bank of Japan's intervention and regional banking concerns amplify the financial turmoil.

Powell Dashes Hopes for March Interest Rate Cuts

Federal Reserve Chair Jerome Powell delivers a hawkish message, indicating that interest rate cuts are unlikely to begin in March, contrary to investor expectations. The central bank seeks more confidence that inflation is truly defeated.

Fed's Rate Decision: Impact on UK Homes & Pensions

The Federal Reserve's pivotal interest rate decision is set to ripple through the UK economy, impacting property prices, loan rates, pensions, and job security. Here’s your essential guide to navigating the financial fallout.

Powell Warns: High Inflation to Delay Rate Cuts

Federal Reserve Chair Jerome Powell delivers sobering testimony, indicating prolonged high interest rates as inflation proves more persistent than anticipated, sending ripples through global markets.

Airlines Ban Passengers for Using Power Banks Onboard

Major UK airlines are enforcing strict new bans on passengers caught using power banks during flights, citing critical fire risks. Discover the safety rules you must follow to avoid being barred from future travel.

Fed Governor Stephen Miran Resigns After 18 Months

US Federal Reserve Governor Stephen Miran has unexpectedly resigned after just 18 months, citing personal reasons. The departure fuels speculation about internal discord at the world's most powerful central bank.

Court Upholds Trump's Firing of Fed Governor Lisa Cook

A US appeals court has dismissed Lisa Cook's lawsuit against Donald Trump, ruling the former president had absolute immunity when he fired her from the Federal Reserve Board in 2025. The landmark decision raises serious questions about presidential power

Trump Vows to Fire Fed's Lisa Cook if Re-Elected

Former President Donald Trump has pledged to fire Federal Reserve Governor Lisa Cook 'on Day One' of a potential second term, signalling an unprecedented assault on the US central bank's political independence and sending shockwaves through financial mark

162 UK Bank Branches to Close in 2024: Full List

Major banks including Barclays, HSBC, Lloyds, and NatWest have announced a sweeping wave of 162 branch closures across the UK in 2024, accelerating the decline of the British high street. Discover if your local branch is on the list.

Sainsbury's Sells Bank to China's Ping An in Strategic Shift

Supermarket giant Sainsbury's is in exclusive negotiations to sell its lucrative banking division to Shenzhen-based Ping An Insurance Group, marking a major strategic shift and a significant Chinese investment into the UK's retail banking sector.

Lloyds Bank Launches £200 Cash Switch Offer

Exclusive: Lloyds Bank launches a limited-time £200 cash incentive for new customers switching to a Club Lloyds, Silver, or Platinum account. Discover the eligibility criteria and how to apply before the offer ends.

Fed Holds Rates Steady as Inflation Cools

The US Federal Reserve pauses its aggressive rate-hiking campaign, signalling a potential turning point in the battle against inflation. We break down the impact on mortgages, savings, and the global economy.

Jamie Dimon's Chilling Economic Warning

JPMorgan Chase CEO Jamie Dimon has delivered a sobering assessment of the global economy, warning of a 'hard landing' and potential stagflation. The banking titan's comments signal turbulent times ahead for markets, interest rates, and government spending

Lloyds Bank £175 Free Cash Giveaway

Lloyds Bank is offering a massive £175 cash incentive for new customers who switch their current account. Discover the simple steps to claim your free money and the terms you need to know.

Aldi UK Stores Closed for May Bank Holiday

Shoppers planning a trip to Aldi this Early May Bank Holiday are urged to take note. The discount supermarket giant has confirmed revised opening times for all its UK stores on Monday, 6th May.

Lloyds Bank to Close 45 Branches in 2025

Lloyds Banking Group announces the closure of 45 Lloyds and Halifax branches across England and Wales in 2025, citing a dramatic shift to digital banking. Discover if your local branch is affected.

Trump Allies Draft Plan to Curb Federal Reserve Independence

A radical proposal from Donald Trump's allies seeks to strip the Federal Reserve of its independence, allowing the White House to demote Chair Jerome Powell and influence interest rates, a move that could shake global markets.

Lloyds Bank Puts 1,600 Jobs Under Review in Restructure

Exclusive: Lloyds Banking Group launches a sweeping operational review, putting 1,600 roles under consultation while simultaneously creating 830 new positions in a strategic shift towards enhanced digital services.

Halifax to Shut 13 Branches in UK Shake-Up

Halifax confirms 13 more bank branches will permanently close by early 2025, dealing another blow to the UK's struggling high streets. See the full list of affected locations and dates.

NatWest to close 26 bank branches in 2024

High street giant NatWest Group announces another wave of closures, shutting 26 branches across England, Scotland, and Wales in 2024, citing a dramatic shift to online banking.

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