ECB cuts interest rates to 2.75% as central banks diverge
Follows the Federal Reserve’s decision to hold the Fed Funds rate at 4.25-4.5%
Follows the Federal Reserve’s decision to hold the Fed Funds rate at 4.25-4.5%
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S&P 500 fell 1.84% on Friday following the report, while Japan’s Nikkei 225 dropped over 12% on Monday
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MPC voted 5-4 in favour of a 25bps cut
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Industry anticipates September rate cut to come
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Chancellor placed the blame for a £20bn ‘black hole’ in public finances on the Conservative Party
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‘It’s possible that asset allocations to France will be permanently reduced’, says Carmignac’s Frederic Leroux
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Key events for wealth managers for the week beginning 24 June
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Industry commentators discuss hold decision
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Key events for wealth managers for the week beginning 10 June
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Key events for UK wealth managers for the week starting 25 March
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Key events for UK wealth managers for the week starting 11 March
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3.1% headline figure came in 20bps above consensus expectations
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