Britain may be the first country to try to consign the once extraordinary monetary policy of bond-buying 'quantitative easing' to history - but it may also risk tying its own hands in an unpredictable era of serial shocks.
JP Morgan's global head of credit markets and public finance Guy America will depart the bank, according to an internal memo seen by Reuters on Thursday. After 28 years at JP Morgan, America has informed the bank of his decision to take some time out before pursuing external opportunities, the memo said. A spokesperson for the bank confirmed the contents of the memo.
Weakening the independence of regulators would undermine reforms to bolster Britain's finance industry, the head of the Bank of England said on Thursday, in a rebuff to proposals from the leading candidate to be the country's next prime minister.
U.S. Treasury yields gave back
most of an earlier drop on Wednesday as investors evaluated how
high the Federal Reserve is likely to raise rates when it meets
in September, after data showed ...
The Bank of England would press on with plans to gradually sell its vast stock of British government bonds even if an economic slowdown eventually forces it to cut interest rates, Deputy Governor Dave Ramsden said.
The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflation pressures that are gaining a foothold in Britain's economy, BoE Deputy Governor Dave Ramsden said.
U.S. Treasury yields dipped on
Monday as investors continued to digest an unexpectedly strong
jobs report from Friday and before highly anticipated inflation
data on Wednesday, which will be ...
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