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...The task force, comprising specialists and City trade associations, was set up to look at whether to cut the current window of two days to next-day settlement....
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...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....
...Canada’s central bank governor signalled an interest rate cut at its next meeting in June was “within the realm of possibilities”....
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...In minutes from the Bank of Canada’s March meeting, members of the central bank’s governing council agreed it was “too early” to cut rates, but said “the conditions for rate cuts should materialise over...
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...Barclays is one of the first banks to outline its cut to bonuses following a brutal year for investment banking....
...Investors pushed back their expectations on the timing of Bank of England rate cuts and sterling rose after stronger than expected wage data added pressure on the central bank in its battle to cool rising...
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...The Bank of England signalled it is edging closer to cutting interest rates following sharp declines in inflation, as its policy committee pegged the official cost of borrowing at 5.25 per cent....
...Bank of America has shoved back its call for the first Fed cut from June all the way out to December — a huge jump for a tweak that typically moves in increments of one or two months at a time and that opens...
...The UK’s Metro Bank is to cut a fifth of its staff as it extends a cost-cutting plan that is now designed to save £50mn a year....
...In its new mood for effective communication, the Bank of England’s Monetary Policy Committee was even more explicit in the minutes of its March meeting: “The committee recognised that the stance of monetary...
...A Federal Reserve poll on financial stability has highlighted markets’ concerns over high interest rates, just days after central bank chair Jay Powell signalled borrowing costs would have to remain at a...
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...But anticipation of more cuts than the Fed is expecting could also be bolstering prices....
...The decision by the Bank of Mexico on Thursday to cut rates by 25 basis points to 11 per cent comes as most central banks in developed countries have yet to loosen monetary policy....
...Christine Lagarde said the European Central Bank would be unable to commit to a particular path of interest rate cuts even once it started to ease monetary policy, despite signs that wage growth has peaked...
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