-- The Bank of England may cut interest rates faster than markets are betting if the economy weakens, according to its newest rate-setter Alan Taylor. In his first public appearance since joining the Monetary Policy Committee, Taylor told UK lawmakers on Tuesday that higher mortgage costs and a “wait-and-see” approach by consumers and businesses are “weighing on the economy.” “If …
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All eyes on Election Commission over potential bypoll in Wayanad; experts raise doubt over legality With the Lok Sabha Secretariat on March 24 disqualifying Congress leader Rahul Gandhi as an MP, all eyes are now on the Election Commission which can now declare elections to his Wayanad constituency as it has been deemed vacant. Accused Amritpal Singh’s nascent militia would …
Most G20 countries see inflation as being sticky and easing more slowly than they would like and have reiterated that they would remain on track with monetary tightening, said V. Anantha Nageswaran, India’s Chief Economic Advisor and Co-chair of the Second G20 Framework Working Group meeting. “On the Fed’s statement that additional interest rate increases may be needed, I think …
