The European Central Bank (ECB) enacted a new round of 25 basis points interest rate cuts. The ECB’s interest rates on the deposit facility, the main refinancing operations and the marginal lending facility are being reduced to 2.50%, 2.65% and 2.90% respectively,...
Australia’s central bank enacted its first rate cut since November 2020. The Reserve Bank of Australia announced the benchmark interest rate will be reduced by 25 basis points to 4.10%. The central bank held the rate at 4.35% since November 2023 after 13 consecutive...
The Bank of England followed the examples of the European Central Bank and the Bank of Canada by enacting a new rate cut. The central bank’s Monetary Policy Committee (MPC) voted 7-2 to reduce Bank Rate by 0.25 percentage points, to 4.5%. The two dissenting members...
The unlikely blame for a mansion’s lack of buyers, AREA’s first local chapter and a grim forecast on Los Angeles’ housing market. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Jan. 20-24. Miss: Ghosts on the Loose. Nicholas...
President-elect Donald Trump declared that interest rates remain too high and inflation is still too elevated for comfort, comments that could be seen as a resumption of his tensions with the Federal Reserve. At a press conference this morning at his Mar-a-Lago club...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
