Investors should expect more volatility and long-term low interest rates in the post-QE world, Cantor Fitzgerald and BGC partners CEO Howard Lutnick said.
The largest financial stimulus program in the history of the United States has ended. Now the really interesting chapter of the American economy begins.
The Serious Fraud Office of Britain said on Tuesday that it had begun criminal proceedings against a former employee of the brokerage firm Tullett Prebon Group in connection with the manipulation of a global benchmark interest rate.
The Bank of England can afford to keep interest rates low for longer than previously thought, deputy governor Jon Cunliffe has said, in comments that will reinforce the market view that rates will remain at 0.5% until at least the middle of next year.
Bank of England policymakers remained split over whether to raise interest rates immediately, with two members of the nine-strong monetary policy committee (MPC) voting in favour this month.
Raising UK interest rates soon simply isn’t cricket, the Bank of England’s chief economist has declared, in an intervention that swapped the spreadsheet for the Wisden almanac.
The prospects of an interest rate rise in the next few months have dimmed after inflation fell to a five-year low last month.
Inflation has slumped to its lowest rate for five years, hitting 1.2% in September and taking pressure off the Bank of England to raise interest rates in coming months.
Rabobank Groep, the bank fined $974m last year for rigging interest rates, is said to have suspended two London-based foreign-exchange traders after an internal investigation into their dealings.
The Bank of England is to clamp down on insurance companies by subjecting their bosses to tougher scrutiny and forcing them to take steps to bolster their financial strength, Mark Carney has warned.
The Bank of England's governor, Mark Carney, has warned trade union members that they face higher interest rates next spring before they receive rises in real wages.
The global economy is divided at the moment into the good, the bad and the ugly. Two of the most populous nations can claim to be good.