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Bank of America Securities forecasts no interest rate cuts this year, citing the U.S. economy's resilience despite tariff impacts and a strong service sector. While GDP growth for 2025 is lowered to 1%, the bank predicts a slowdown rather than a recession, supported by healthy household balance sheets and anticipated fiscal stimulus.
A warning has been issued for holders of Lloyds Bank and Barclays savings accounts as both banks have reduced interest rates following the Bank of England's recent base rate cut. Savers are encouraged to consider switching to more competitive accounts and diversifying their savings strategies to enhance long-term growth. Financial experts advise reviewing rates regularly and utilizing Personal Savings Allowance and ISA allowances to maximize tax benefits.
Bank of America forecasts South Africa's economic growth at 1.2% for the year, unchanged from previous estimates. Analyst Tatonga Rusike anticipates rate cuts from the South African Reserve Bank in upcoming meetings, projecting a policy rate of 7% by July, citing benign inflation. However, global issues, including geopolitical tensions and slower growth in the US and China, pose risks to South Africa's growth outlook.
Credit Agricole warns that the recent rally in EUR/USD may be unsustainable due to several vulnerabilities. Key concerns include slowing equity inflows amid a bleak Eurozone growth outlook, ongoing geopolitical risks, and the potential for the Euro's strength to hinder growth and inflation, leading to deeper ECB rate cuts. Additionally, the currency pair appears overvalued, suggesting a possible correction if market sentiment shifts.
In March 2025, the SNB implemented a key interest rate cut of 0.25 percent, prompting Appenzeller Kantonalbank to adjust interest rates on individual accounts starting June 1, 2025. Savings and pension account rates will decrease by 0.1 percent, while children, young people, and students will retain a 0.50 percent interest rate on savings up to CHF 20,000. The interest rate on private accounts remains unchanged at 0.05 percent.
Current bond yields present a strong opportunity for investors seeking stable income, as US Treasuries have gained amid signs of slowing economic activity. The 2-year yield is just below 4%, while the 10-year and 30-year yields are at 4.4% and 4.9%, respectively. With expectations for Federal Reserve easing and ongoing economic uncertainty, high-quality fixed income remains a crucial component for portfolio diversification, potentially delivering mid-single-digit returns over the next year.
Deutsche Bank AG, a major German banking group, has been fined 5 million rupees by the RBI. The bank's income is primarily derived from retail and private banking (35.1%), investment and market banking (35.6%), and corporate banking (24.9%), with total managed deposits of EUR 666.3 billion and loans of EUR 478.9 billion as of the end of 2024. It operates through a global network of 1,307 branches.
UBS has revised its forecast for the Czech koruna, now expecting an exchange rate of 25.1 to 25.3 against the euro until Q1 2026, reflecting a more optimistic outlook due to eased tariff concerns from the U.S. The koruna's appreciation is linked to delays in tariff implementation and potential trade agreements, while risks remain from the Czech National Bank's policies and geopolitical developments.
UBS has revised its EUR/CZK forecast, projecting rates of 25.1, 25.3, 25.3, and 25.3 by Q1 2026, reflecting a more optimistic outlook for the Czech koruna due to reduced customs concerns and delayed US tariffs. Despite this positive shift, risks remain, including potential trade agreements between the EU and the US, a restrictive Czech National Bank stance, and developments in Ukraine that could further influence the koruna's strength.
In March 2025, the SNB lowered the key interest rate by 0.25 percent, prompting Appenzeller Kantonalbank to adjust interest rates on individual accounts starting June 1, 2025. Savings and pension account rates will decrease by 0.1 percent, while children, young people, and students will still enjoy a 0.50 percent rate on savings up to CHF 20,000. The interest rate on private accounts remains unchanged at 0.05 percent.
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bank of america forecasts economic resilience amid delayed interest rate cuts
04:44 19.05.2025
banks reduce savings interest rates prompting need for account review
08:31 18.05.2025
bank of america maintains south africa growth forecast at 1.2 percent
04:10 17.05.2025
euro faces multiple risks despite recent gains warns credit agricole
19:50 16.05.2025
appenzeller kantonalbank adjusts interest rates following snb rate cut
19:02 16.05.2025
high bond yields present investment opportunities for durable income portfolios
14:56 16.05.2025
RBI fines Deutsche Bank AG India five million rupees for regulatory breach
14:48 16.05.2025
ubs revises czech koruna forecast amid easing tariff concerns
10:48 16.05.2025
ubs revises euro to czech koruna forecast amid easing trade concerns
10:48 16.05.2025
appenzeller kantonalbank adjusts interest rates following snb's latest reduction
09:57 16.05.2025
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