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Bank of England deputy governor warns of increased inflation risks, as house prices rise again – business live
Sir Dave Ramsden says risks to the BoE’s inflation target as two-sided, requiring ‘gradual and careful approach’ to rate cutsShares have fallen sharply across Asia-Pacific markets after Donald Trump announced that a new 10% tariff will be imposed on Chinese imports next week.China’s CSI 300 index has fallen almost 2% today, while Hong Kong’s Hang Seng index has slumped by 3.7%.It had looked as if a degree of ‘tariff fatigue’ had set in, though clearly participants aren’t prepared to ignore this apparent escalation in Trump’s protectionist stance, with stocks violently and rapidly selling-off as the headlines crossed.It must be said, though, that this could yet again be a case of Trump ‘crying wolf’, were some kind of concessions to be extracted from Canada or Mexico before next Tuesday. Continue reading...
Sir Dave Ramsden says risks to the BoE’s inflation target as two-sided, requiring ‘gradual and careful approach’ to rate cuts
Shares have fallen sharply across Asia-Pacific markets after Donald Trump announced that a new 10% tariff will be imposed on Chinese imports next week.
China’s CSI 300 index has fallen almost 2% today, while Hong Kong’s Hang Seng index has slumped by 3.7%.
It had looked as if a degree of ‘tariff fatigue’ had set in, though clearly participants aren’t prepared to ignore this apparent escalation in Trump’s protectionist stance, with stocks violently and rapidly selling-off as the headlines crossed.
It must be said, though, that this could yet again be a case of Trump ‘crying wolf’, were some kind of concessions to be extracted from Canada or Mexico before next Tuesday. Continue reading...
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