Morgan Stanley says that the Bank of England will cut interest rates as soon as May, in a notable sign of optimism amid waning market sentiment.
Banks are increasingly carrying out checks to verify that their customers are not laundering money, financing terrorism or violating sanctions, De Nederlandsche Bank (DNB) said on Monday. At the same time, the Dutch central bank noted that some banks are delaying or scaling back improvements to their controls and checks. As a result, they have to do more to get their controls in order.
Judo Bank now predicts the Reserve Bank will raise interest rates three times in 2024 to levels not seen in 16 years - increasing the average mortgage repayment by $300 a month.The bank's chief economic adviser, Warren Hogan, forecast the key interest rate will rise to 5.1 percent by Christmas, from a 12-year high of 4.35 percent. Rate hikes in August, September and November this year would see the Reserve Bank of Australia's key interest rate reach levels last seen in December 2008 during the...
Independence should not mean the Bank of England is shielded from government scrutiny and accountability to the public, says Damian Pudner Last week, a striking disclosure by former prime minister Liz Truss reignited the debate on the delicate balance between political authority and the operational independence of central banks – a topic with profound implications []
Chief Executive Officer of ASML Holding NV, Peter Wennink, declared Wednesday that 2024 is a "transition year" for the company. "We see 2024 as a transition year with continued investm
The European Banking Federation (EBF) is calling on the European Union (EU) to streamline regulation of banks and to declare banks a “strategic sector.” The group is promoting these reforms as a way to boost the competitiveness of the region’s banks, Reuters reported Tuesday (April 16). EBF CEO Wim Mijs told reporters Tuesday during a briefing that Europe must take a […]
Language skills are one of the key factors to explain residential segregation and play an important role in understanding immigrant residential environments, new research from the University of Aberdeen has found.
Attempt to cross via overcrowded dinghy from Wimereux aborted after engine stalls and five people drownThey could have been on a school trip. Fifty teenagers from Vietnam, dressed for the biting cold in puffer jackets, smart trainers and woolly beanies, sat on the pavement by the bus shelter outside Gare Calais listening to music and watching videos on their smartphones.They were waiting for the 423 bus to take them back to a forest outside Dunkirk, where they have been staying at night with...
Figures for 2023 show the level of violence at its lowest since the Covid
The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
Andrew Bailey says inflation is in line with BoE forecasts but view of markets is that data will delay interest rate cutsAnalysis: Sunak hopes of pre-election rate cuts frustratedThe governor of the Bank of England, Andrew Bailey, has shrugged off a smaller-than-expected drop in inflation last month, saying he expected a sharp fall towards the government’s 2% target next month.Speaking in Washington after news that the government’s preferred measure of the cost of living had eased to 3.2% in...
Royal College of Paediatrics and Child Health urges ministers to follow lead of Scotland and WalesParents in England and Northern Ireland should be banned from smacking their children because doing so is unjust, dangerous and harmful, leading doctors have urged ministers.It was “a scandal” that Scotland and Wales had outlawed smacking but not the other two home nations, the Royal College of Paediatrics and Child Health said on Wednesday. Continue reading