Interest rates in the UK could rise sooner than markets expect, a top Bank of England policymaker has said.
If the Swiss National Bank can’t stand the heat about to emerge from the European Central Bank’s monetary kitchen, Mario Draghi must be cooking something explosive, right?
Deutsche Bank, which runs Europe’s largest investment bank, said challenges that cut into revenue last year will probably persist as the bank reviews its strategy.
Put yourself in the shoes of Jens Weidmann, president of the German Bundesbank and chief critic of a policy of quantitative easing (QE) for the eurozone.
'The good times are over'.
Policymakers at the Bank of England will reduce their number of interest rate decisions to eight a year from 12 as part of a radical overhaul of processes at the 320-year old institution.
A Bank of England policymaker has argued that pay growth may be at a “turning point”, strengthening the case for higher interest rates.
The Bank of England has warned half a million families would be at risk of falling into mortgage arrears once it started to raise interest rates from their emergency level of 0.5%.