Bloomberg Developments in fintech could boost the UK’s sluggish productivity growth and the Bank of England has started a unit to monitor its developments, Deputy Governor Dave Ramsden said. “We have set up a new Fintech Hub that will sit at the heart of the bank, to consider both how the bank understands and how it applies fintech, relevant to …

Bloomberg The Philippine central bank left its benchmark interest rate at a record low as it forecast inflation will remain inside the target band this year and in 2019. Bangko Sentral ng Pilipinas held the overnight borrowing rate at 3 percent, it said in a statement in Manila, as predicted by 11 of 17 economists surveyed by Bloomberg. The rest …

Bloomberg Two regional Federal Reserve bank presidents said they favour raising interest rates twice more this year following a hike this week, but were open to shifting their views if the outlook warranted a different policy approach. “My forecast had three moves for this year,’’ Atlanta Fed President Raphael Bostic, who votes this year on monetary policy, told reporters after …