Bloomberg Traders are betting the Bank of England (BOE) will rapidly raise borrowing costs before reversing course almost as quickly. Again. With inflation looking increasingly sticky, the BOE is expected to raise its key interest rate by 115 basis points over the next 18 months, according to money market pricing. Policy makers are likely to then be forced to unwind …

Bloomberg Commerzbank Chief Executive Officer (CEO) Manfred Knof is cutting management positions at Germany’s second-biggest listed bank by about 30% as part of his turnaround plans. The target is linked to an agreement with the company’s works council on how to implement deep job cuts which were first announced in February, the lender said in a statement. It didn’t say …

Bloomberg The European Central Bank (ECB) could stop buying bonds as early as next September if inflation looks to have sustainably returned to the official target, Governing Council member Robert Holzmann said. Introduced in 2015, the bank’s asset purchase program, or APP, was designed to get consumer-price growth back to 2%, according to Holzmann, who heads Austria’s central bank and …