Central Banks Deck the Halls with Cuts and Holds
Friday19th December 2025
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Markets seem to be heading to the end of the year on a fairly steady note, with currencies little changed today and equities pushing higher . Bond yields are mixed, oil is nudging back above $60 a barrel, and silver’s up and down like a yo‑yo.
For our final morning edition of the year, NAB’s Gavin Friend joins us from London to unpack the latest central bank moves: the Bank of England’s razor‑thin vote to cut rates, the ECB holding firm, and the Bank of Japan poised to lift…
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