Bloomberg The People’s Bank of China will raise borrowing costs in the open market if the US Federal Reserve decides to increase rates this week, according to a Bloomberg survey. A majority of 31 economists said the PBOC will increase by five basis points the rate it charges on reverse-repurchase agreements, which guide funding costs in financial markets, after the ...

Bloomberg Buy the euro, sell bonds. That’s the takeaway from strategists who expect that the European Central Bank President Mario Draghi will announce on Thursday an end to the institution’s asset-purchase program as the immediate risks surrounding Italian politics subside. Analysts have become more bullish on the euro following recent hawkish comments from ECB officials, with Credit Agricole SA forecasting ...

Bloomberg The Bank of England told banks to be ready for war against the mounting threat of crippling cyber attacks. “I would like our firms to be on a WAR footing: withstand; absorb; recover,” Lyndon Nelson, deputy chief executive of the BOE’s Prudential Regulation Authority, said in a speech. The PRA expects firms to set out their own tolerances for ...