Foreign bank market

Bank of England governor “very worried” about inflation situation – business live | Business

Andrew Bailey, Governor of the Bank of England, told MPs he was “very worried” about the inflation situation in the UK as supply chain bottlenecks affected the reprise. Bailey is testifying before the Treasury Committee about this month’s interest rate decision, where the BoE left the cost of borrowing unchanged. …

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China enters Asia’s most international market, SGX

Market participants in mainland China will have real-time access to prices in Asia’s most international market. Mainland China has gained new access to securities market data through the Singapore Stock Exchange (SGX), following a partnership with China Investment Information Services, a subsidiary of the Shanghai Stock Exchange (SSE). The agreement …

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Three days to reveal global inflation alert level

The Reserve Bank of Australia will be the first, in a decision on Tuesday that “is set to be a potentially evolutionary decision in the market,” according to James McIntyre of Bloomberg Economics. Officials are facing a surprisingly strong recovery in basic consumer prices, although economists expect them to avoid …

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Quantitative Easing (QE): definition, how it works

Quantitative Easing (QE) is a type of non-traditional monetary policy in which a central bank purchases a large number of securities to stimulate the economy. When QE works well, increasing the money supply encourages lending, lowers interest rates, and drives economic growth. Critics believe that prolonged QE can cause dramatic …

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