BLOOMBERG European Central Bank (ECB) Governing Council member Pierre Wunsch said market bets for interest rates to reach a 4% peak may prove accurate if underlying price pressures remain elevated. How far borrowing costs must rise “depends very much on the evolution of core inflation,” the Belgian central bank chief said, referring to the measure of consumer-price growth that strips ...

BLOOMBERG Bitcoin dropped to the lowest level in about two weeks, part of a wider retreat in crypto markets as investors digested the unraveling of a key industry payments network. The largest token by market value sank as much as 6% before paring some of the slide to trade 4.6% lower at $22,347 in New York. Smaller coins such as ...

BLOOMBERG Nationwide Building Society and HSBC Holdings Plc toughened limits on retail customers’ access to cryptoassets, becoming the latest UK banks to impose curbs after industry scandals and regulatory warnings. Nationwide is applying daily limits of £5,000 ($5,965) on debit-card purchases of cryptoassets, the building society informed customers, while its credit cards can no longer be used to buy crypto. ...