Bloomberg The Bank of England (BOE) acknowledged rising concerns over a no deal Brexit as it kept interest rates on hold and cut its near-term economic growth forecast to zero. While officials, led by Governor Mark Carney, said they still see need for interest-rate hikes in coming years if their forecasts bear out, they also ackno-wledged that investors are tak- ...

Bloomberg Canadian inflation quickened in May on increases across the board, giving the Bank of Canada plenty of scope to hold interest rates steady. The consumer price index jumped 2.4 percent from a year earlier, compared with 2 percent in April and versus a median economist forecast of 2.1 percent, Statistics Canada said from Ottawa. It was the highest annual ...

Bloomberg Online-only bank Monzo has closed a new funding round doubling the startup’s valuation to more than $2.5 billion, making it one of the UK’s most highly valued fintech companies. Monzo last raised funding late last year at a valuation of $1.25 billion. In this new round, the company will bring in 113 million pounds ($143 million) of fresh capital, ...