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Tag: Bank of England
Hunt to attend IMF meeting in Morocco after next year’s forecast downgraded
[ad_1] T he Chancellor will attend the annual meeting of the International Monetary Fund (IMF) in Morocco against the backdrop of the UK’s economic growth forecast for next year being…
Racist and sexist AI bots are a risk to the financial system, warns Bank of England
[ad_1] Racist and sexist artificial intelligence (AI) bots pose a risk to the financial system, Bank of England officials have warned. Self-teaching algorithms could be able to pick up biases…
Bank of England criticises lenders for failing to address bond market risks
[ad_1] Stocks have struggled under the weight of soaring yields in the bond market. Yields, which is the return paid to buyers of the bonds, rise when the prices of…
‘Ended’: Huge news for Aussie interest rates
[ad_1] Last week, multiple central banks had to make a decision on whether to up interest rates or keep them the same, prompting a major shift in the global economy.…
Recession ‘more likely’ as key gauge misses expectations
[ad_1] A key gauge of the UK’s economic strength suggests the private sector contracted faster than expected this month, hitting its worst performance since lockdown in early 2021 and sparking…
FTSE slips despite Bank of England interest rate pause as pound tumbles
[ad_1] L ondon’s markets finished lower on Thursday despite the Bank of England holding interest rates for the first time since 2021, which weighed on the value of the pound.…
UK set for highest inflation in G7 as 2024 growth forecast cut – OECD
[ad_1] T he UK economy is set to witness the highest inflation rate of the world’s G7 advanced economies this year, according to new forecasts. The Organisation for Economic Co-operation…