Europe began a new campaign to shield economies from the coronavirus as the region’s two main central banks either delivered or signaled action to avoid a 2008-style crisis, and German Chancellor Angela Merkel promised to do “whatever is necessary”.
Wed, 11 Mar, 2020
Last year, monetary policy returned to an easing mode, in response to a marked slowdown in global growth, and the IMF estimates that the monetary easing added 0.5% to world growth in 2019.
Mon, 27 Jan, 2020
The risk of a UK interest-rate cut as early as next week seems no impediment to a stronger pound.
Thu, 23 Jan, 2020
A ruling by the Dutch Supreme Court - that the country must press ahead with significant cuts in carbon emissions - could prove a breakthrough for climate activists, writes Kyran Fitzgerald.
Mon, 06 Jan, 2020
What links these places: Bonn, Buenos Aires, Marrakech, New Delhi, Kyoto, Montreal, Bali, Doha, Cancún, Paris, Katowice and Madrid?
Tue, 31 Dec, 2019
Thu, 12 Dec, 2019
A quiet climate action revolution is taking place as fund managers question their investments in firms not dealing with their emissions, writes Kyran Fitzgerald
Mon, 09 Dec, 2019
Bank of England governor Mark Carney will soon find himself thrust once more unto the breach if the UK crashes out of the EU without a transition deal.
Tue, 08 Oct, 2019
Last Friday’s UK GDP data for the second quarter of the year provided further evidence that Brexit-related uncertainty is acting as a headwind to the British economy.
Mon, 12 Aug, 2019
Experts have concluded that human-driven changes added up to 3 degrees Celsius to the recent record-breaking temperatures, write Eric Roston, Mathew Carr and Lisa Pham
Tue, 06 Aug, 2019
The growing risk of ano-deal Brexit following the appointment of Boris Johnson as prime minister is reflected in sterling.
Sun, 04 Aug, 2019
Sterling sank to a 30-month low of below $1.21, hurt by a stronger dollar, renewed worries about a no-deal Brexit, and reduced Bank of England forecasts for British economic growth.
Thu, 01 Aug, 2019
The governor of the Bank of England Mark Carney, is unlikely to succeed Christine Lagarde as the boss of the IMF, European officials have said as the EU was considering four other people for the job.
Fri, 19 Jul, 2019
No amount of self-proclaimed ‘optimism’ can hide the truth about Britain’s economy.A no-deal Brexit would only make things much, much worse, writes Ferdinando Giugliano.
Thu, 11 Jul, 2019
British companies are more worried about Brexit than at any time since the 2016 referendum decision to leave the EU, and they plan to reduce investment and hiring, a survey of chief financial officers shows.
Tue, 09 Jul, 2019
Britain’s economy appears to have shrunk for the first time since late 2012 between April and June, as worries about Brexit were compounded by global trade tensions, according to a closely watched survey.
Thu, 04 Jul, 2019
Mark Carney has warned of the damage to the global economy from rising protectionism, describing a “widespread slowdown” that may require a major policy response.
Wed, 03 Jul, 2019
At least one group of UK residents is flourishing in Brexit Britain: An exclusive club of billionaires.
Sat, 11 May, 2019
Immediately after the crushing loss of over 1,000 local election seats by the Conservative Party last week, sterling strengthened to its best in over 12 months pushing the euro down to and taking some of the pressure off hard pushed Irish exporters to the market.
Mon, 06 May, 2019
The Bank of England’s monetary policy setting meeting last week ended, as expected, with no changes to policy.
Britain’s protracted divorce from the EU is hurting the world’s fifth-largest economy as dwindling company investment, signs of a looming labour market shock, and poor productivity hinder growth, according to Goldman Sachs.
Sat, 27 Apr, 2019
A risorgimento on Leeside can come to the aid of the nation, writes Allan Prosser
Thu, 25 Apr, 2019
UK liberals want a second Brexit vote to reverse the decision to leave the EU. But it would generate class war, writes John Lloyd
Wed, 12 Dec, 2018
Sterling surged over 1% against the euro and the dollar, as currency traders “giddily” bought the currency on confidence over a Brexit deal and growing bets the Bank of England would hike interest rates at a faster pace.
Fri, 02 Nov, 2018
Even though growth in the UK economy has slowed a lot since the Brexit referendum vote in June 2016, the Bank of England pushed ahead with a rate increase at last week’s meeting of its Monetary Policy Committee.
Tue, 07 Aug, 2018
The prospect of the UK not reaching a deal on its departure from the EU has risen in recent weeks, amid tight votes at Westminster and Brussels, expressing opposition to UK prime minister, Theresa May’s latest proposals on customs.
Mon, 06 Aug, 2018
UK workers’ pay growth has slowed to its weakest rate in six months, despite record employment, adding to the Bank of England’s dilemma of whether to raise interest rates for only the second time since the global financial crisis.
Wed, 18 Jul, 2018
Bank of England policymakers will vote unanimously to hold fire this week, but that won’t stop them from increasing interest rates in May, according to economists surveyed by Bloomberg.
Wed, 21 Mar, 2018
The Bank of England is expected to keep interest rates unchanged at 0.5% next week, but the meeting will be watched closely amid expectations over another hike in May.
Fri, 16 Mar, 2018
The vote to leave the EU has cost Britain "tens of billions of pounds" in lost economic activity, the governor of the Bank of England has said.
Fri, 26 Jan, 2018
Britain is expected to choose a new central bank chief this year to succeed Canadian Mark Carney, who will step down in June 2019, three months after the country’s scheduled exit from the EU. No one has yet thrown their hat into the ring to succeed him, but there are numerous contenders.
Wed, 10 Jan, 2018
Britain's economy saw the first cracks appear from Brexit uncertainty in 2017 as growth slowed and households were gripped in the worst income squeeze since the 1950s.
Fri, 22 Dec, 2017
British inflation unexpectedly rose to its highest level in nearly six years in November, tightening the post- Brexit vote squeeze on households whose spending is the main driver of the country’s economy.
Wed, 13 Dec, 2017
Policymakers in England are expected to keep interest rates on hold next week after November's milestone hike amid increasing speculation it was a "one and done" move.
Fri, 08 Dec, 2017
London Stock Exchange Group boss Xavier Rolet has stepped down with immediate effect, blaming "unwelcome publicity" amid a mounting row over succession plans for the top job.
Wed, 29 Nov, 2017
Britain’s banks all avoided bills for more capital in annual stress tests for the first time since 2014, but the Bank of England warned of pain ahead if there is no Brexit deal and said the country’s current account deficit posed a big risk.
The Bank of England’s Monetary Policy Committee (MPC) meeting last week concluded with the central bank increasing interest rates for the first time since July 2007.
Tue, 07 Nov, 2017
Sterling is likely to be driven this week by the state of Brexit negotiations and UK politics, after losing support from bets on central bank policy tightening.
Mon, 06 Nov, 2017
Sterling fell sharply yesterday after the Bank of England raised interest rates for the first time in more than a decade but said it sees only gradual rises ahead.
Fri, 03 Nov, 2017
Bank of England governor Mark Carney has said a transition agreement for EU withdrawal is in everyone’s interest and said it may be appropriate to raise interest rates as Brexit-fuelled inflation is set to rise further.
Wed, 18 Oct, 2017
Bank of England governor Mark Carney has said a transition agreement for EU withdrawal is in everyone’s interest and said it may be appropriate to raise interest rates as Brexit-fuelled inflation is set to rise further.
Britain’s economy grew at its slowest pace since 2013 in the 12 months after last year’s Brexit vote, data showed yesterday, painting a subdued picture as the Bank of England prepares to raise interest rates for the first time in a decade.
Sat, 30 Sep, 2017
The governor spoke during the Bank of England's 'Independence 20 years on' conference today.
Thu, 28 Sep, 2017
The Bank of England said rapid gains in consumer credit could cause UK banks to suffer bigger losses than they are expecting if the economy weakens.
Tue, 26 Sep, 2017
Around 10,000 finance jobs will be shifted out of the UK or created overseas in the next few years if the UK is denied access to the single market, according to a survey of firms employing the bulk of workers in international finance.
Tue, 19 Sep, 2017
A majority of businesses are yet to change their strategic planning due to Britain’s decision to leave the EU, a survey of chief financial officers shows.
Fri, 18 Aug, 2017
UK consumers cut back on spending for a third month in July as house-price growth slowed sharply, dealing yet another blow to the economy.
Tue, 08 Aug, 2017
The June 2016 vote for Brexit has slowed down the UK economy in the first half of 2017. GDP rose 0.2% in the first quarter and 0.3% in the second quarter, down from 0.5% and 0.7% in the final two-quarters of last year, Oliver Mangan.
Sterling slumped to under 90p against the euro as the UK looks set to keep interest rates lower for longer, piling on the pressure for Irish-owned firms who make a living selling goods and services across the Irish Sea.
Fri, 04 Aug, 2017
The euro was trading over 89p against sterling as expectations widened that the Bank of England won’t raise UK interest rates anytime soon.
Wed, 02 Aug, 2017
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