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Some ECB members see €2.5 trillion QE limit

Bloomberg Some European Central Bank (ECB) policy makers see room for little more than 200 billion euros ($235 billion) of purchases under the institution’s bond-buying programme next year, according to central-bank officials familiar with the matter. The ECB is likely to run out of available debt under current rules at just over 2.5 trillion euros, the officials said, asking not ...

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Cryptocurrency surges past $5,000 mark

Bloomberg Bitcoin bubble or just the beginning? Or both? Those are the questions being asked on Wall Street to Main Street after the digital currency breached $5,000 for the first time, pushing this year’s gains to more than fivefold. As recently as December, bitcoin was trading at less than $1,000. Since then, it has dodged everything from tightening regulations, feuding ...

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Kenya signals slightly lower growth outlook

Bloomberg Kenya’s central bank may slightly lower its 2017 economic growth forecast to reflect uncertainty from this month’s unexpected presidential election do-over, said Governor Patrick Njoroge. “The growth rate won’t be as strong as we expected, but I don’t think we can say that we’ve gone over the precipice,” Njoroge said in an interview in Washington on Saturday, where he ...

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