Bloomberg The European Central Bank (ECB) should stick to a plan laid out by President Christine Lagarde and continue raising interest rates in half-point steps, according to Governing Council member Robert Holzmann. “We reduced the most recent rate move to 50 basis points from 75 under the assumption that we will hold this pace for a while,” Holzmann told ...

  Bloomberg Angola’s central bank carried out the world’s biggest interest rate cut so far this year as it forecasts inflation to slow further. The policy committee dropped the rate to 18% from 19.5%, Governor Jose de Lima Massano told reporters in Luanda, the capital. That’s the steepest cut since July 2018. “This decision was based on the reduction of ...

  Bloomberg Deutsche Bank AG is considering slightly higher bonuses for its traders while drastically shrinking those paid to staff who help issue bonds and stocks, reflecting the strong divergence in performance between the two businesses. The German lender is debating an average increase in variable compensation of about 10% for executives buying and selling fixed-income securities and currencies after ...