The Bank of England looks set to leave interest rates on hold on Thursday and keep its options open for later in the year when it announces its first policy decision since the postponement of Britain's departure from the European Union.[LONDON] The Bank of England looks set to leave interest rates on hold on Thursday and keep its options open for later in the year when it announces its first policy decision since the postponement of Britain's departure from the European Union.
In some ways, Britain's economy looks ready for only its third interest rate hike since the global financial crisis.Unemployment is at a 44-year low, wages are growing at the fastest pace in 10 years and spending by consumers has remained solid despite the Brexit uncertainty.
"Heading in to this week's BoE meeting we see more scope for a hawkish surprise than a dovish one," Bank of America Merrill Lynch interest rates strategist Sebastien Cross said in a note to clients. Three months ago, the BoE downgraded its British economic growth forecast for 2019 to 1.2 per cent, which would be the weakest since 2009. Some analysts now think that looks slightly too gloomy, despite a string of downbeat business surveys.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German bank merger crumbles as Deutsche Bank tie-up talks with Commerzbank endMerger talks between Germany's top two lenders, Deutsche Bank and Commerzbank, are expected to end in failure, a person with knowledge of the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
No more happy hour: Japan bank boss takes aim at drinks cultureTOKYO (BLOOMBERG) - It's time to stop drinking with the boss after work.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
'RM64 million went into Najib's account', says bank employee during corruption trialKUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) - The eighth day of Najib Razak's corruption trial heard that a total of RM64 million (S$21 million) went into an AmBank account belonging to the former prime minister in 2014 and 2015.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Learning how to better serve bank customers with disabilitiesThe lives of people with disabilities are filled with daily challenges that those who are able-bodied do not fully understand, said chief executive Kwek Kok Kwong of NTUC LearningHub. Going to the bank can be one such challenge.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Deutsche Bank and Commerzbank merger talks are expected to fail: sourceMerger talks between Germany's top two lenders, Deutsche Bank and Commerzbank, are expected to end in failure, a person with knowledge of the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore bank lending up 0.6% in March: MAS preliminary dataBANK lending in Singapore inched 0.6 per cent higher in March from a month ago, as continued contraction in consumer loans was offset by a touch of strength in business lending, preliminary data from the Monetary Authority of Singapore (MAS) showed on Tuesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Chinese bank profits rise, but so do bad loansProfit at China's biggest banks accelerated in the first quarter in line with a better-than-expected performance in the domestic economy, but ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
European regulators fear Deutsche Bank US stress test failure: sourceDeutsche Bank is in danger of failing U.S. stress tests, a European bank supervisor told Reuters, adding to pressure on Germany's biggest lender ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Danske Bank cuts outlook as money laundering scandal weighsDanske Bank lowered its outlook for 2019 after a disappointing first quarter, due in part to the effects of a massive money laundering scandal at ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Brazil ad promoting diversity pulled after Bolsonaro requestA Brazilian bank commercial highlighting the country's diversity was pulled following a request by far-right President Jair Bolsonaro, the bank ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Görüntülemek İçin Giriş Yap veya KaydolToday is the last day for home owners to vacate Pearl Bank Apartments, one of Singapore's architectural icons
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »