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...London’s decision to curb fishing on Dogger Bank was welcomed by marine conservation groups when it was proposed in February 2021 as part of post-Brexit plans to create a “blue belt” around the UK....
...Wall Street trading desks have benefited in the past four years from large market swings around the Covid-19 pandemic, Russia’s full-scale invasion of Ukraine and the decision by central banks to lift interest...
...The AIIB, established in 2016 as Beijing’s answer to the World Bank, has scope to disburse more loans, with a triple A rating and capitalisation of $100bn against lending of just $50bn....
...In February, Denmark and Sweden demanded that the Commission take action against the UK after it closed part of the Dogger Bank in the North Sea to protect seabirds....
...Or as Stein mused, perhaps low interest rates had become addictive and no longer were as stimulative as before....
...The Swiss National Bank announced a surprise cut to interest rates on Thursday in a sign of policymakers’ confidence over falling inflation....
...The data will be closely scrutinised by the European Central Bank, which is expected to begin cutting interest rates in June as inflation falls close to target while growth remains sluggish....
...The Bank of Japan has held off on lifting negative interest rates, sending the yen lower as its governor said it was in no rush to change its policy before the US Federal Reserve considers cutting rates...
...The central bank has insisted it will not be rushed into lowering rates, as policymakers wait for conclusive evidence in the labour market that they have done enough to return inflation to its 2 per cent...
...In his annual letter to shareholders, the head of the largest US bank by assets said JPMorgan had plans for interest rates going above 8 per cent and as low as 2 per cent....
...mentioned as potential successors....
...His comments underscore the divisions within the bank’s Monetary Policy Committee over how soon to ease policy as it prepares to set rates on May 9....
...That matters because, as the OBR puts it: “A decline in trade intensity plausibly lowers productivity because trade, among other channels, fosters competition and allows countries to specialise in activities...
...Canada’s central bank is waiting for evidence of a sustained slowing of inflation, as it held interest rates steady at a 23-year high and upgraded its economic growth outlook for 2024....
...increase in interest rates in 45 years....
...US banks have already started to report a squeeze on margins in their lending business as depositors switch to higher-yielding accounts, while markets are preparing for central banks to start cutting interest...
...A senior European Central Bank executive has said publishing the interest rate forecasts of its policymakers — similar to the US Federal Reserve’s so-called “dot plot” — could help to address shortfalls...
...First-quarter earnings suggest 2023 may be as good as it gets when it comes to NII and net interest margins. At Wells Fargo, first quarter NII came in 8 per cent lower compared with a year earlier....
...The SNB said it would announce a successor to Jordan in due course. “Having met the various challenges of recent years, now is the right time for me to step down,” Jordan said....
...This was in a year when banks such as NatWest had to pay more to keep depositors. NatWest’s cost of funding via deposits climbed at an average quarterly pace of 0.35 per cent....
...“The bank would need to emphasise its cautious stance in the case of terminating the negative interest rate policy, as Japan’s economy is not in a state where rapid policy interest rate hikes are necessary...
...As he writes in his foreword: As someone who grew up where “step back” was the presumption, it has been fascinating to see not so much a call for government to “step in” (although there has been some of...
...The Bank of Japan has raised interest rates for the first time since 2007, becoming the world’s last central bank to end negative rates as the country puts decades of deflation behind it....
...The Bank of England has kept interest rates on hold at 5.25 per cent for the fifth successive meeting, as evidence grows that inflation is falling....
...The Bank of Mexico on Thursday cut interest rates for the first time in this cycle, making it the latest major Latin American central bank to begin lowering borrowing costs....
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