13,379 source-backed finance facts - each attributed to a named person and a number, linked to the original source. Page 89 of 134.
“Germany's Girocard, formerly the EC card, holds more than 70% of the domestic card market”
“Average payments of about £829 are expected under the rules published by the Financial Conduct Authority (FCA).”
“as much as $100”
“The central bank placed it under “special control” and the government injected an estimated US$ 24 billion in emergency liquidity to prevent a wider banking panic”
“Interest rates have been kept at 5.25 per cent for the past six months following multiple rate hikes to ease inflation from the Bank’s Monetary Policy Committee (MPC).”
“French national systems account for nearly 80% of card transactions.”
“The total cost of the compensation, including administrative costs, could hit £9.1bn.”
“Certain products are occasionally offered with freebies, which range from free pillows and sheets to free $300 Visa gift cards.”
“He [Andrew Bailey] should be lowering rates now by a quarter of a percent and bringing them down fairly soon to about four per cent to give some breathing space to the country. [...] From there, I think he can take it down to the two per c…”
“less than 1% of total European payment value, including B2B, traverses US card networks.”
“The decision by the FCA, the financial regulator, applies to about 12 million car loans - just over 40% of the total number during the period.”
“The card can be used to make purchases with any retailers that accept credit payments, not just Target, and customers will earn 2 - 5% of their purchase value back in reward points depending on the type of retailer they're shopping with.”
“app-based payments already account for nearly 10% of all retail transactions, with annual growth rates in double digits.”
“In 2021, the FCA banned deals where car dealers received commission from lenders, based on the interest rate charged to the customer.”
“For every brand we have a coupon page for, we’ve negotiated a deal that means we earn a percentage of total basket value in commission back from every order.”
“The digital euro, a central bank digital currency under development since 2021, received a draft legislative framework from the European Commission in June 2023.”
“Other car buyers were also judged to have signed unfair contracts because the commission paid to the dealer was so high - accounting for at least 35% of the total cost of credit and 10% of the loan.”
“we’ve negotiated a deal that means we earn a percentage of total basket value in commission back from every order.”
“The European Payments Initiative (EPI), launched in 2020 and backed by a consortium of European banks and payment service providers, unveiled its Wero system in July 2024.”
“Complaints have already been made about four million finance agreements.”
“A Verivox survey of 1,000 Germans in October 2024 found nearly 90% had never heard of Wero.”
“FCA boss Nikhil Rathi told the BBC's Today programme there are 'many law firms out there who would like to get 30% of any compensation'.”
“The European Central Bank lowered its deposit rate by a quarter of a percentage point to 2.25% on Thursday, the third cut this year and the seventh since the tightening cycle peaked at 4% in September 2024.”
“But the FCA has confirmed that no compensation will be paid before 2027 as a result of legal challenges to the scheme.”
“US tariffs on EU goods had jumped from an average of 3% to 13% since the measures took effect earlier this month.”
“The UK's Upper Tribunal has agreed to hear legal challenges to the scheme, either in December or February next year.”
“headline inflation in the eurozone eased to 2.2% in March from 2.3% in February.”
“Lenders - including some of the UK's biggest banks and specialist motor finance firms - have already set aside billions of pounds for potential payouts.”
“core inflation, excluding energy and food, fell to 2.4% from 2.6%.”
“The FCA said this provided an incentive for a buyer to be charged a higher-than-necessary interest rate, leaving them paying too much. Other car buyers were also judged to have signed unfair contracts because the commission paid to the dea…”
“Money markets price roughly 60 basis points of further cuts by the end of 2025, implying two more quarter-point moves after Thursday.”
“In 2021, the FCA banned deals where car dealers received commission from lenders, based on the interest rate charged to the customer. These were known as discretionary commission arrangements (DCAs) and customers were often not told about …”
“His team expects the deposit rate to reach 1.5% by December.”
“The regulator's central compensation scheme allows people to complain and potentially receive compensation for mis-sold deals without the need for a lawyer or to go through the courts.”
“Investors price a quarter-point cut at the May meeting and two more before year-end, taking Bank Rate from 4.5% to 3.75%.”
“FCA boss Nikhil Rathi told the BBC's Today programme there are 'many law firms out there who would like to get 30% of any compensation', stressing that the regulator's scheme was 'free to use' for consumers.”
“The European Central Bank kept its deposit rate at 2.15% in July, pausing after eight cuts in nine months while inflation sits at target and a 30% US tariff threat hangs over eurozone exports.”
“Complaints have already been made about four million finance agreements. Those people do not need to do anything.”
“The ECB said most measures of underlying inflation now suggest price pressures will 'settle at around the 2% medium-term target on a sustained basis'.”
“The European Central Bank lowered its deposit facility rate by a quarter of a percentage point to 2.25 percent on Thursday, the seventh consecutive cut since the easing cycle began in June 2024.”
“The move brings the benchmark to its lowest level since November 2022, effectively reversing more than half of the 4.5 percentage points of tightening delivered between July 2022 and September 2023.”
“the first year of heightened restrictions could knock 0.3 percentage points off eurozone gross domestic product.”
“International Monetary Fund projected would grow just 0.8 percent in 2025 before the tariff shock”
“Headline inflation in the eurozone slowed to 2.2 percent in March, down from 2.3 percent in February and a peak of 10.6 percent in October 2022.”
“the euro's surprising resilience against the dollar, the single currency has gained roughly 4 percent since early April”
“The Bank's staff projections in March had the euro at 1.08 against the dollar; it traded above 1.13 on the day of the rate decision.”
“That gap alone tightens financial conditions by an estimated 20 to 30 basis points”
“The Bank's own bank lending survey, published on 15 April, showed credit standards for loans to enterprises tightening for the ninth consecutive quarter in the first three months of 2025”
“Germany, the eurozone's largest economy, contracted in two of the last four quarters of 2024 and grew just 0.2 percent in the fourth quarter.”
“The ECB's nominal effective exchange rate index rose 2.3 percent in the first two weeks of April.”
“The Bank's models suggest a 1 percent appreciation of the nominal effective exchange rate reduces inflation by 0.05 to 0.1 percentage points after one year, but also reduces GDP by 0.05 to 0.15 percentage points.”
“Early drafts seen by officials suggest the eurozone growth forecast for 2025 will be cut from 1.3 percent to around 0.9 percent, with 2026 revised down from 1.6 percent to 1.2 percent.”
“Money markets currently price the terminal rate at around 1.75 percent, implying three more quarter-point cuts by year-end.”
“the gap between Italian and German ten-year yields narrowed to 115 basis points on Thursday, down from 135 in early April.”
“Italy, the most likely candidate for TPI support, is currently under the Commission's excessive deficit procedure with a deficit projected at 4.4 percent of GDP in 2025.”
“France, with a deficit above 5 percent, also fails the fiscal criteria.”
“On 14 April the single currency traded at 1.1369 dollars, up from roughly 1.03 in early January.”
“The eurozone emerged from a shallow recession in 2023 and expanded by 0.8 percent last year.”
“The European Commission projects 1.3 percent growth in 2025.”
“Oxford Economics estimates that if the 20 percent tariff on EU exports materialises, the bloc's growth could be reduced by up to 0.3 percentage points in both 2025 and 2026.”
“In early April the Bundestag approved a constitutional amendment unlocking €1 trillion in extra borrowing over the next decade for defence, infrastructure and climate investment.”
“Commerzbank, the country's second‑largest lender, calculates that the debt‑to‑GDP ratio could climb towards 90 percent over the coming decade, up from roughly 63 percent at the end of 2024.”
“Chief European Economist Sven Jari Stehn wrote that the stimulus would add a full percentage point to German GDP in 2026 and lift eurozone growth by 0.2 percentage points.”
“Rebecca Christie, a senior fellow at the Brussels‑based think tank Bruegel and a former ECB economist, argued that a follow‑on programme to the €750 billion post‑pandemic recovery fund, more than half of which was financed through joint bo…”
“The Bundesbank has warned that a sustained 10 percent appreciation could shave 0.2 to 0.3 percentage points off German GDP growth over two years.”
“still covers roughly 40 percent of Greenland's budget.”
“United States contributes 15.8 percent of NATO's annual civil and military budget of $3.5 billion”
“5.8 billion euros in grants and loans for Syria”
“7.5 billion euros raised at the 2024 conference”
“23 percent drop”
“nearly 2.5 billion euros for 2025 and 2026”
“roughly 1.8 billion euros in grants and 700 million in loans”
“300 million euros for United Nations agencies and other organisations”
“up to 160 million pounds ($208 million)”
“4.2 billion euros are grants and 1.6 billion euros are loans”
“only 60 percent of pledged loans were disbursed within twelve months”
“EBRD approved 420 million euros in new operations for Syria but disbursed only 180 million”
“grant portion, 4.2 billion euros”
“1.6 billion euro loan envelope”
“the general government deficit exceeded the three percent of GDP threshold last year.”
“The United States has appropriated just under $175 billion in military, financial and humanitarian assistance to Ukraine since February 2022, according to congressional appropriations data.”
“According to its analysis, €500 billion will be needed over the next ten years to close capability gaps, replenish stockpiles sent to Ukraine, and develop a credible industrial base”
“The figure amounts to roughly €50 billion per year, or about 0.3% of EU GDP”
“the constitutional rule that limits the structural deficit to 0.35% of GDP”
“In 2022, the EU household savings rate was 65% larger than that of US citizens”
“global venture capital flows to the bloc amounted to just 5% of the total, compared with 52% to the United States and 40% to China”
“the former ECB president estimated the EU needs €800 billion in additional annual investment, roughly 4.7% of GDP, to close the productivity gap with the United States and China”
“deposit facility to 2% by September”
“Markets currently price a full percentage point of further ECB reductions by autumn, against barely half a point for the Fed”
“ECB's baseline forecast that euro-area inflation will settle at the 2% target over the course of 2025”
“The December flash estimate from Eurostat put annual price growth at 2.4%”
“The central bank's December staff projections see inflation averaging 2.1% this year”
“The ECB cut its deposit rate four times in 2024, taking it to 3%”
“The Federal Reserve, by contrast, delivered only one reduction in the second half of the year”
“Germany, the bloc's largest economy, recorded its second consecutive annual GDP contraction in 2024”
“The German economy shrank by 0.2% in 2024 after a 0.3% decline in 2023”
“With the deposit facility at 3% and inflation at 2.4%, the ex-post real rate is currently around 0.6%”
“The trade-weighted euro has fallen roughly 3% since the Fed signalled a slower cutting path in December”
“The next governing council meeting is on 30 January”
“0.35 percent of gross domestic product”
