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Global economy likely to strengthen in 2020: IMF

Bloomberg The International Monetary Fund (IMF) predicted the world economy will strengthen in 2020, albeit at a slightly slower pace than previously anticipated amid threats related to trade and tensions in the Middle East. Global growth will accelerate to 3.3% from 2.9% in 2019, marking the first pickup in three years, the fund said. Both figures are down compared with ...

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BOJ leaves rates unchanged, raises growth forecasts

Bloomberg The Bank of Japan (BOJ) took a brighter view of the economy and left its main policy settings unchanged on Tuesday, offering a further indication that it is unlikely to add to its stimulus. As had been widely expected, the BOJ raised its growth projections for the first time in a year, thanks to Prime Minister Shinzo Abe’s $120 ...

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Pound gains as jobs data hits BOE ‘rate cut’

Bloomberg The pound advanced after the UK’s employment rate hit a record high, weakening the case for an imminent interest-rate cut. Sterling rose against all its Group-of-10 peers as the UK labour market figures ended a run of weak economic data. Money markets trimmed bets that the Bank of England (BOE) will lower borrowing costs on January 30 to around ...

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