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Bank of Korea forecasts in focus for exit clues

Bloomberg Investors will scrutinise forecast upgrades expected from the Bank of Korea (BOK) for hints about when the bank is likely to end its run of record-low interest rates. South Korea’s central bank is seen raising its growth and inflation projections significantly at its Thursday meeting after recent economic data beat expectations. Still, analysts see the bank holding its key ...

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Deutsche Bank to move 100 jobs out of UK

Bloomberg Deutsche Bank AG is moving about a quarter of its corporate bank’s UK staff to offices in the European Union and Asia as it looks to reduce costs at the division. The changes will see about 100 jobs move to cities like Berlin, Dublin, Frankfurt and various cities across Asia, according to people familiar with the matter, who asked ...

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New Zealand central bank signals rates may rise next year

Bloomberg New Zealand’s central bank projected that its official cash rate may start to rise in the second half of next year, joining Canada in flagging a potential withdrawal of stimulus as economies recover from the pandemic. The kiwi dollar and bond yields surged. The Reserve Bank on Wednesday published OCR forecasts for the first time in more than a ...

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