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BOE rate-hike forecasts dumped as growth shock proves last straw

Bloomberg Economists abandoned predictions that the Bank of England (BoE) will increase interest rates next month after two weeks of disappointing data and the public doubts of Mark Carney. The shock near-stagnation of the economy proved the final straw after the BOE governor raised questions about such a move last week. Firms including NatWest Markets, SEB, Berenberg and ING have ...

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Japan bank draws scrutiny for switch to Trump regulator

Bloomberg Japan’s biggest bank has been accused by New York officials of dodging tough oversight by swapping its state license for a federal one, putting itself under a US agency on the front lines of President Donald Trump’s push to ease financial rules. The November move by Mitsubishi UFJ Financial Group Inc. (MUFG) is now drawing scrutiny from a key ...

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Central banks take it easy to give global growth second look

Bloomberg Central banks from Frankfurt to Ottawa appear to be taking a lower gear on the road away from easy monetary policy amid signs some key economies are slowing. The European Central Bank avoided any discussion of its next steps toward ending bond buying and Sweden’s Riksbank pushed back a plan to raise interest rates for the first time in ...

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