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Michael Saunders, a member of the Bank of England's Monetary Policy Committee, said that the British Central Bank may be forced to raise interest rates in the coming years faster than the market expects. Saunders believes that there may not be enough market-recorded probability of a single rate hike in the next 12 months. In an interview with CNBC, he said: “If the economy develops, as I expect, it is possible that interest rates will have to grow slightly faster.” Saunders expects that the UK economy will continue to grow at the same rate as the last 2 years, if Brexit does not lead to unexpected and significant negative consequences.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
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