The European Central Bank reduced its policy rate by 25 basis points on Thursday which, following the 25 basis-point rate reduction by the Bank of Canada on Wednesday, represents the first in what we expect will be a series of rate cuts by the G7 central banks this year. The moves in Europe and Canada ... READ MORE >
Thomas Pugh
Risk in UK financial markets eases ahead of new government
The past few weeks in the U.K. financial markets have been extraordinary. The risk premium placed on the issuance of public and private debt has roiled both domestic and global financial markets. The demise of the Truss government and the prospect of a new prime minister with a more fiscally ... READ MORE >
RSM UK Financial Conditions Index implies rising risk of instability
The RSM UK Financial Conditions Index is warning of a dramatic increase in credit risk that, along with the depreciation of sterling, has the potential to derail commercial activity in the United Kingdom. Growing financial stress has exposed the difficulties that global central banks face in ... READ MORE >