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Bank of England’s tepid rate cut risks prolonged stagflation, warns deVere CEO
The Bank of England’s hesitant approach to tackling the UK’s economic malaise is setting the stage for prolonged stagnation, warns Nigel Green, CEO of global financial advisory giant deVere Group.The ...
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Bank of England Urges Caution on Interest Rate Cuts Amid Inflation Risks
The Bank of England has issued a warning about the potential risks of cutting interest rates too soon, following economic ...
Vanguard2d
On CBN reforms to attract global investors
By BAMIDELE MICHAEL The Central Bank of Nigeria’s economic reforms have continued to enhance Nigeria’s position as an attractive investment destination. The economy has already attracted higher ...
landlordtoday.co.uk3d
Interest rates could have been cut more says senior economist
Last week the rate was cut from 4.75% to 4.5% with the prevailing wisdom suggesting that the threat of a return to higher ...
Powell testimony as it happened - Fed chair gives few clues on next rate move and avoids being drawn on response to Trump policies
Federal Reserve chair Jay Powell is quizzed by members of Congress about interest rates, the outlook for the economy and the ...
Fed chair Jerome Powell brushes off possibility Trump could fire Fed officials: ‘Well, it’s pretty clearly not allowed under the law’
Federal Reserve Chair Jerome Powell reiterated that he doesn’t believe the president of the United States has the authority ...
businessday3d
Why CBN may hold benchmark interest rate – Cardoso
The Central Bank of Nigeria (CBN) has confirmed that the 299th meeting of its Monetary Policy Committee (MPC), initially scheduled ...
Central Banking3d
Bigger rate cut would have sent clearer signal, says BoE dissenter
Catherine Mann has said her decision to vote last week for a larger rate cut than most fellow members of the Bank of ...
Fed Chair Powell says central bank doesn't ‘need to be in a hurry' to lower interest rates further
Powell called the economy “strong overall” with a “solid” labor market and inflation that is easing but still above the Fed’s ...
Fed Chair Jerome Powell: 'No hurry' to adjust monetary policy
Federal Reserve Chairman Jerome Powell is on Capitol Hill Tuesday for the first of two hearings he will testify in this week.
BOE Key Rate Should Remain 'Well Above' Neutral, Mann Says — Update
Catherine L. Mann on Thursday surprised investors by voting to lower the key interest rate by half of a percentage point, a larger move than that favored by the majority. Mann had on a number of ...
BOE Key Rate Should Remain 'Well Above' Neutral, Mann Says
Despite that vote, Mann said she favors a key rate that is "well above" the 2% to 3% range that neither spurs nor slows growth, as estimated by BOE economists in 2018. That is commonly known as the ...