Bloomberg British banks are flooding the economy with billions in loans every week as the demand for emergency funding for businesses persists. Lenders have so far issued over 31.3 billion pounds ($39 billion) to more than 745,000 businesses through government-backed schemes, according to UK Finance which represents finance and banking firms in London. As of May 31, banks have lent ...

Bloomberg Philippine central bank governor Benjamin Diokno said the monetary easing implemented against coronavirus was appropriate, and that further action will depend on the economic recovery. “Right now, we’re happy where the current policy rate is,” Diokno said in an interview with Bloomberg. Monetary authorities are ready to use all the tools at their disposal, but are likely to do ...

Bloomberg The Bank of England (BOE) repeated that lenders should plan for the possibility that the UK won’t reach a deal with the European Union (EU) before the Brexit transition period is complete at the end of this year. In a rare public statement on the talks, the central bank said Wednesday that a no-deal Brexit was “one of a ...