BoE's Mann: Gradual pace of rate hikes has not tempered expectations enough

"We cannot be complacent in the face of the short-term spikes and medium-term drift.""If current wholesale energy prices are allowed to be passed on to households and firms, this will lead to enormous pain for millions."

"Ratcheting-up from short-term to medium-term expectations has been apparent for a while, and could portend a persistent drift higher." Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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New rules make foreign visitors to West Bank declare romantic ties to PalestiniansThe new Israeli rules for entering the occupied West Bank are slated to take effect Monday and restrict a wide array of activity, including academic exchanges. When are 'they' just going to build 4 connecting walls and imprison the Palestinians? The condition of the Palestinians is barbaric. I have an idea, let's talk a two-state solution?!?!?! or Demand that the leader of each side live in the others 'zone.' It is old and fake news. The government reviewed and retracted this policy.
Source: washingtonpost - 🏆 95. / 72 Read more »

Bank of Canada sets record straight on 'printing money' claim with Twitter threadICYMI: Bank of Canada sets record straight on 'printing money' claim with Twitter thread — via financialpost News Economy BoC
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Bank of Russia agrees to legalize crypto for cross-border payments: ReportHistorically opposed to the idea of using crypto as a payment method, the Bank of Russia has reportedly agreed to allow cross-border payments in crypto due to geopolitical changes.
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Bank of America: New zero down payment mortgages for first-time buyersBank of America's Community Affordable Loan Solution aims to make sustained homeownership attainable for more Black and Hispanic families, offering zero down payment, zero closing cost mortgages. racsism 101 But a 100% interest rate? 2008 ring a bell?
Source: NBCNews - 🏆 10. / 86 Read more »

Bank of America offers zero-down mortgage in minority communitiesTo qualify, applicants must be looking to purchase a house in Charlotte, Dallas, Detroit, Los Angeles and Miami. (Cue republican outrage) Great! Nice going. Racist...
Source: ALNewsNetwork - 🏆 583. / 51 Read more »