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Bank of England in Search of New Governor

02 May 2019 Maria Gregoriou

As Mark Carney is set to step down as governor of the Bank of England at the end of January 2020, the treasury is on the lookout for his successor.

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U.S. Interest Rates Remain Stable

02 May 2019 Maria Gregoriou

The U.S. Federal Reserve (Fed) Chairman Jerome Powell rejected the idea that an interest-rate cut might be in the cards to the U.S. during a news conference in Washington on Wednesday after the committee's meeting.

"We are strongly committed to our two percent inflation objective and to achieving it," Powell said. This statement comes at a time when investors are on the lookout for a rate cut and President Donald Trump is insisting on one.

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Market focus

  • UK retail sales rose sharply in July
  • Swiss producer and import price index fell by 0.1% in July
  • Japan financial minister Aso says he hopes markets will calm down
  • China's new home prices firm in July - NBS

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