central banking

World

Pension fund panic led to Bank of England’s emergency intervention: Here’s what you need to know

The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in order to shore up…

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World

10-year yield drops the most since 2020 after touching 4%

The benchmark 10-year Treasury yield dropped the most since 2020 on Wednesday, despite briefly topping 4% earlier in the session,…

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Business

UK already in a full-year recession as Europe faces tough winter, S&P Global says

Foreign currency exchange rates are displayed in Fleet Street for the benefit of travellers to the UK, on 27th September…

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Business

Bank of England delays bond sales, launches temporary purchase program after market turmoil

Andrew Bailey, governor of the Bank of England, has said the global economic outlook has deteriorated materially after surging commodity…

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Business

Mary Daly says the Fed does not want to tip U.S. economy into downturn

Mary Daly, president of the Federal Reserve Bank of San Francisco, speaks during a Bloomberg Television interview in San Francisco,…

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World

Fed’s Evans says he’s getting a little nervous about going too far, too fast with rate hikes

Charles Evans, president of the Federal Reserve Bank of Chicago, speaks during the National Association of Business Economics (NABE) annual…

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Business

Larry Summers blasts UK tax cuts as ‘utterly irresponsible’ and warns of possible contagion

Larry Summers Cameron Costa | CNBC LONDON — Former U.S. Treasury Secretary Larry Summers on Tuesday warned that the U.K.…

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Business

Bank analysts have two big reasons to be bullish on the Singapore dollar

“The Singapore dollar is usually considered a haven currency compared to Southeast Asian peer currencies,” said Max Lin, Asia FX…

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World

Bank of England says it’s monitoring markets ‘very closely’ after pound falls to historic low

Analysts expect the Bank of England may need to raise interest rates more aggressively following market turbulence on Monday morning.…

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Business

El-Erian says the Fed has made a ‘policy mistake of historical proportions’

Investors are paying the paying the price for the Federal Reserve’s policy mistakes, according to Allianz economic advisor Mohamed El-Erian.…

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