Today, in the midst of the recent banking turmoil, the US Treasury Secretary, Janet Yellen, will chair an impromptu meeting with the leaders of America’s financial regulatory bodies.
If companies increase prices, Andrew Bailey cautions that interest rates will once more increase.
The Governor of the Bank of England cautioned that businesses could worsen inflation by persisting with price hikes.
The Bank of England has increased its interest rates for the eleventh consecutive time.
As predicted, the Bank of England has raised its interest rates to 4.25pc, with a 25 basis point increase. The hike was approved by a majority of 7-2 in the
Markets are confident the Bank of England will increase interest rates tomorrow
The Bank of England’s decision to raise interest rates this week seems certain as markets react to the unexpected surge in inflation last month.
In February, UK inflation has surged to 10.4%, surprising many who held different expectations.
In February, UK inflation exceeded expectations by rising to 10.4% from 10.1% in January, defying predictions of a decrease to 9.9%.
The US Treasury Secretary attributes the current turmoil to contagious bank runs.
According to the US Treasury Secretary, Janet Yellen, the recent turmoil in the world’s financial system can be attributed to “contagious bank runs”.
The Bank of England’s (BoE) policymakers are scheduled to make a decision on Thursday regarding the potential increase of interest rates.
On Thursday, the Bank of England (BoE) policymakers will make a crucial decision on whether to increase or maintain the current interest rates.
What the hell is going on? Silicon Valley Bank, First Republic, Credit Suisse & potentially hundreds more
Good morning investors, and welcome to my very first newsletter on Substack. I have been motivated to start this weekly transmission for a few reasons.
The Bank of England is hastily evaluating the potential danger of a new financial crisis.
In an effort to prevent the spread of instability following the industry’s most tumultuous week since the 2008 financial crisis, the Bank of England has instructed British lenders to disclose
The London Metal Exchange discovers irregularities in nickel contracts
The reopening of nickel trading during Asian trading hours by the London Metal Exchange (LME) has been postponed due to the discovery of irregularities in nine nickel contracts.
According to the OECD, the UK is the only major economy, aside from Russia, that is expected to contract this year
The Organisation for Economic Cooperation and Development (OECD) has forecasted that the UK economy, apart from Russia, will be the sole industrialised country to shrink in 2023, even though increasing