Bloomberg UK regulators are starting a review into consumer borrowing after the Bank of England warned again about a potentially unsustainable buildup of debt. In a statement on Monday after its quarterly meeting, the BOE’s Financial Policy Committee said household indebtedness “remains high by historical standards and has begun to rise relative to incomes.” Noting that consumer credit has ...

  DUBAI / Reuters Oman’s central bank signed a memorandum of understanding with the Iranian central bank to strengthen financial and economic cooperation between the two countries, the Omani institution said. It did not give details of the cooperation, but said the agreement would boost bilateral trade and include training for Iranian central bankers. Worried by the threat of U.S. ...

  Bloomberg Central banks did their best to fight deflation. Now a Polish policy maker wants his government to step up as prices are making a comeback. As the National Bank of Poland comes under pressure to act in response to a rebound in price growth, Jerzy Osiatynski counters that it “has no monopoly on fighting inflation.” Higher wages raise ...