BLOOMBERG  The pace at which the Bank of England (BOE) shrinks its balance sheet is likely to accelerate, the deputy governor for markets told UK lawmakers. The BOE is currently unwinding about £20 billion (£25 billion) of quantitative easing (QE) every three months, both as assets mature and as they are actively sold. Dave Ramsden, deputy governor, said: “There’s the …

BLOOMBERG The bid of Pita Limjaroenrat, leader of Thailand’s opposition group Move Forward, to form a coalition government hit a setback when a key political party said it won’t back a prime minister who wants to relax the law against criticising the monarchy. The Bhumjaithai Party, which came in third in the vote with about 70 seats in the 500-member …

BLOOMBERG Rishi Sunak appeared to back down on his Conservative Party’s key 2019 election manifesto pledge to cut net migration, risking a fresh row with right-wing Tories disrupting his UK administration. The premier was asked three times by reporters travelling with him to the Group of Seven summit in Japan whether he stood by the promise to reduce the annual …