Economic News
Philly Fed index surprises to the downside in December
Activity in the US mid-Atlantic region weakened at the end of 2024, the results of a closely followed survey showed.
US initial jobless claims fall by 22,000
Americans lined up for unemployment benefits at a decelerated pace in the week ended 14 December, according to the Labor Department.
Bank of England leaves interest rates unchanged
The Bank of England left interest rates on hold at 4. 75% on Thursday, in a move widely expected following a recent uptick in inflation.
Norges Bank leaves rates on hold at 4.50%, signals March rate cut
Norway's central bank kept interest rates on hold on Thursday at a 16-year high of 4. 50%, as widely expected.
Swedish central bank cuts interest rates for fifth time this year
Sweden's central bank reduced interest rates to their lowest level in almost two years on Thursday and signalled that another cut could be on the cards early next year.
FCA extends deadline for firms to respond to motor finance complaints
The Financial Conduct Authority (FCA) extended the deadline for firms to respond to complaints, it announced on Thursday, related to motor finance agreements without discretionary commission arrangements (DCAs), until 4 December 2025.
Bank of Japan holds rates steady; Yen falls
The Bank of Japan held interest rates unchanged at 0. 25%, in line with expectations, sending the yen to a one-month low.
German consumer confidence improves but remains low
Consumer confidence in Germany increased more than expected as income expectations and willingness to buy both improved.