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My latest, on UK banks' performance outlook as rates are set to stay higher in 2024 than initially expected. There are still differences of opinion on a June rate cut among market observers, although it looks like cuts in Europe could come before cuts in the US. #uk #banks #interestrates #ratecuts

🚀 Breaking News: SNB Slashes Interest Rates, Making Mortgages More Accessible!   📉 The Swiss National Bank (SNB) has taken a bold step by cutting its key interest rate by 25 basis points, marking the first reduction since the pandemic. This proactive move aims to stabilize the Swiss Franc and bolster the economy.   🌍 Global Impact: The SNB's decision hints at potential easing by other major central banks, like the Federal Reserve and the European Central Bank. 📖 Read more here: https://lnkd.in/g2Nv_Tdy 💡 Expert Insights: At Imperial Wealth Planning, we accurately predicted this shift, making now the ideal time to invest in Swiss property. With our expertise, navigating Swiss mortgage rates and property decisions becomes seamless. We offer tailored solutions for your financial goals.   📞 Contact us today to capitalize on this opportunity and secure your financial future: https://lnkd.in/dTmZWFgx   #IWP #BreakingNews #mortgages #Switzerland

My latest, looking at NII/NIM expectations for big UK banks in 2024 and 2025. So far, the outlook is positive with structural hedge tailwinds seen in H2 2024 when deposit mix headwinds are also expected to subside. The big question is when will rate cuts begin with market expectations still adjusting to central bank messaging. BoE projected to cut after Fed, ECB, and cuts now expected to happen later than previously assumed. #rates #banks #UK #monetarypolicy

Definitely a challenge for regional banks this year. When we look at the Headline US inflation, it rose by more than expected to 3.4% in the year to December 2023, from 3.1% a month earlier. One of the key questions being asked by the markets globally is how soon the Fed, responsible for the borrowing costs of the world’s largest economy, would start to reduce interest rates.

Interest rates held despite drop in inflation 📈 Last week’s Consumer Price Index (CPI) revealed that inflation had reached the Bank of England’s 2% target, but this wasn’t enough to persuade the Monetary Policy Committee to follow the European Central Bank in cutting the base rate. In the last meeting before the General Election, what does this mean for the property and mortgage industries? 🧐 Read the article below to see what the outlook is for the months ahead👇 https://lnkd.in/gnpKz_ww #ButterfieldMortgages #investors #PCL #market #propertyinvestment

Three of the four major Australian banks will collectively report net profits of more than $10 billion for the six months to March, according to analysts, even as the banks face continued pressures on their profit margins.

Interbank interest rates, as well as government bond yields, increased throughout the euro area after the European Central Bank started to tighten its monetary policy in summer 2022. 📉 ➡ Banks reflected this development in both retail mortgage loan rates and term deposit rates. The increase in these rates was in practically all euro area countries in line with the estimated rise based on their historical development. 🔃 On the other hand, interest rates on sight deposit increased less than estimated. 🇸🇰 In Slovakia, the situation is to a large extent comparable to other euro area countries. Mortgage loan rates and term deposit rates behave in line with their historical development. However, the increase in sight deposits rates has so far been even lower than the increase at the euro area level. This development confirms the importance of the financial stability concerns of the ECB related to the impact of a potential increase of funding costs on the earnings of European banks. More info ⤵ #nbs #policybriefs

Economists forecast the Bank of England to cut interest rates in August. A survey, conducted by the Reuters news agency, showed the vast majority expected the Bank of England to cut interest rates at their August meeting. If the prediction proves to be correct, borrowing will become cheaper as the central bank-controlled interest rate will be dropped to 5%. Over 80% of economists, 49 of 60, in the 18-24 July poll said the Bank would make the cut. Lenvi #bankofengland #fintech #lending #lendingsoftwar #consumerlending https://lnkd.in/e5bi88EZ

🟢The Bank of England held the Bank Rate at 5.25% in its February 2024 meeting. The Bank Rate has been at this level since August 2023. Given current economic data, it is more likely that interest rates will be cut in the second half of 2024 not the first. 🟢The latest consensus forecast (January 2024) is for the Bank Rate to be 4.5% by the year end. Looking back over recent months, the interest rate expectations in the monthly consensus forecasts have been improving. The forecast issued in September 2023 was for 5% by the end of 2024. 🟢There is likely to be volatility in the economic data over the next few months. Despite higher interest rates, 85% of mortgages over 2023 were on fixed rates, helping borrowers manage the uncertain climate. Source: #Dataloft, HM Treasury (consensus average across contributing economists), FCA. *Q1 to Q3 2023

Good Monday all! As the Reserve Bank of Australia currently holds their meeting, many are eagerly awaiting the decision to be announced tomorrow- Will the cash rate remain unchanged, decrease, or increase? The major banks have varying predictions on the timing of a potential cash rate reduction, ranging from as early as November this year to the latest in June 2025. This article provides an overview of the RBA's functions, key factors influencing cash rate movements, and more. It also includes insights on managing the increasing costs of living. Hope you find this short read informative and insightful! Wishing you a great week ahead!