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BOE isn’t close to implement negative rates, says Haldane

Bloomberg One of the Bank of England’s (BOE) key policy makers played down the possibility of an imminent cut in interest rates below zero, saying that “reviewing and doing are different things.” Andy Haldane, BOE’s chief economist who more than a week ago said officials were assessing negative rates, added that policy makers weren’t ruling any options out “as a matter ...

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Oil edges past $33 but rising US-China tensions cap rally

Bloomberg Oil traded near $33 a barrel as an escalating war of words between the US and China added to caution over the prospects for a global recovery in demand. China has warned that some in the US were pushing the countries towards a new Cold War, stoking concerns that deteriorating relations between Beijing and Washington could complicate the market’s ...

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Japan ends nationwide state of emergency

Bloomberg The Japanese government ended its nationwide state of emergency on Monday as cases tail off and announced a decision on funding for a new aid package to help a virus-battered economy. Prime Minister Shinzo Abe told a news conference on Monday that reviving the economy was now the top priority, and his government will decide on a second extra ...

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