The Bank of Russia may pause its key rate-cutting cycle at its upcoming meeting, influenced by recent domestic fuel market events impacting inflation dynamics and rising inflation expectations, according to experts.
The Bank holds interest rates steady at 3.5% due to volatile oil prices and their impact on inflation, despite lowered year-end inflation expectations to 3.25%, still above the 2% target.
Inflation expectations among Russians fell to 12.4% in June, the lowest since July 2024, according to an inFOM poll for the Bank of Russia. Observed inflation also decreased, with expectations among households with and without savings showing a downward trend.
US Treasury yields declined Tuesday as the Federal Reserve's policy meeting started. Easing inflation expectations and a provisional peace agreement between Washington and Tehran contributed to the drop in yields, with the 10-year note falling over 4 basis points.
US Treasury yields remained largely unchanged on Tuesday as investors anticipate the Federal Reserve's policy meeting. Expectations for inflation and interest rate hikes are easing, partly due to a provisional peace agreement between Washington and Tehran that could reopen the Strait of Hormuz.
Bitcoin's recent rally is linked to a US-Iran framework agreement and the Bank of Japan's upcoming policy meeting. A potential BOJ rate hike and its impact on the yen carry trade could significantly influence BTC's price, alongside ETF demand.
US Treasury yields declined Tuesday ahead of the Federal Reserve's policy meeting, with easing inflation and interest rate hike expectations. A provisional peace agreement between Washington and Tehran also contributed to the fall.
Asian markets and European futures rallied Monday following a tentative US-Iran peace agreement, which is expected to ease global inflation and reduce central bank rate hike pressure. Oil prices dropped significantly, with Brent crude falling 4.7% to $83.24 a barrel.
Asian markets and European futures surged, while oil prices dropped significantly following a tentative peace agreement between the US and Iran. The deal is expected to ease global inflationary pressures, potentially reducing the need for further interest rate hikes by central banks.
US President Trump faces Senate rebuke on Iran war, surging Treasury yields, and accelerating inflation ahead of midterms. Meanwhile, Google unveils new AI, SpaceX taps Goldman Sachs for IPO, and Anthropic hires OpenAI co-founder.
Bitcoin is entering one of its most consequential trading weeks since its February correction, with Middle East tensions pushing oil prices higher, inflation expectations hardening, and options traders positioning for a possible break above $85,000. According to CryptoSlate's data, the largest digital asset briefly dipped on Sunday after President Donald Trump rejected Iran’s latest response […] The post These forces could push Bitcoin higher this week even as US-Iran tensions continue to rattle markets appeared first on CryptoSlate.
Rolling coverage of the latest economic and financial newsAcross the UK, house prices are rising faster in the north of the country, and falling parts of the South.Halifax reports:Northern Ireland still leads UK annual house price growth, with average prices up +7.6% over the past year to £224,851.Scotland also recorded strong growth, rising +4.0% annually to an average price of £222,448.Wales has seen property price growth continue to slow, now +0.7% on annual basis, taking the typical home value to £230,952.The North East of England saw prices rise +4.5% over the year to £183,445, while the North West recorded annual growth of +3.4%, with the average home now costing £248,945.By contrast, the southern markets continue to see prices fall. The South East led declines, with prices down -2.0% year‑on‑year to £383,044, while London saw average values fall by - 1.4% to £536,051.“After a strong start to the year, recent global developments have added a greater degree of uncertainty to the outlook. In particular, higher energy prices have fed into inflation expectations, prompting markets to reassess the path for interest rates – a shift that has already pushed up borrowing costs for many buyers.“This understandably leads to more caution among some households, with the cost-of-living once again front of mind and extra thought being given to planned property moves. Continue reading...
BP nearly doubled its profits to $3.2bn in Q1 2026, driven by surging oil and gas prices following the Iran war that began at the end of February. The oil major beat analyst expectations, with CEO Meg O'Neill acknowledging the "environment of conflict and complexity." Campaign group Global Witness criticized the profits, noting this is the second time in four years that geopolitical conflict has boosted oil company earnings, following Russia's 2022 invasion of Ukraine.
