The European Central Bank can gradually reduce interest rates given the decline in inflation, and decisions on future cuts could centre around quarterly meetings with new economic projections, Dutch central bank chief Klaas Knot said on Tuesday. The ECB has all but committed to a rate cut on June 6 when new economic forecasts will also be published. Policymakers are now debating how quickly it should cut again given that inflation is likely to be volatile in the months ahead, but is still seen falling to 2% in 2025.
Rishi Sunak’s new “triple lock plus” for state pensions would spare 750,000 retirees from being taxed in the next five years, the Institute for Fiscal Studies (IFS) has said.
The NFL season will be here before we know it.