A member of the Bank of England's Monetary Policy Committee, Gertjan Vlieghe, believes that the British Central Bank should carefully explain the plan for its gradual curtailment of the asset purchase program, as the US Federal Reserve did. This will allow the British regulator to curtail the program without harming the economy. The finversia.ru project cites his speech at the Imperial College of London: “Understanding of the main channels through which quantitative easing works will be very important when it is time to complete it.” Vlieghe believes that the Bank of England will have to raise interest rates 1-2 times a year if it intends to achieve a target inflation rate of 2%.
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 ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
The U.S. Federal Reserve eased another $2 million in emergency loans this week to help struggling U.S. businesses amid the recession. The Fed’s overall asset portfolio reported growth for the second week, holding above $7 trillion. The ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...