Commenting on the decision by the Bank of England to cut UK interest rates to 1%, Barbara-Ann King, head of proposition at Barclays Stockbrokers, said: “This latest rate cut is certainly another step towards stimulating our economy. Improving confidence in the markets and aiding economic recovery which is crucial in today’s climate.”
King continued: “We recently found almost half of our investors (48%) are confident of market recovery, believing the FTSE will begin to recover in the next six months; an encouraging reaction in light of the volatility that has dominated financial markets throughout the past year.”
Henk Potts, equity strategist at Barclays Stockbrokers said: “This cut comes as no surprise – we anticipated the Monetary Policy Committee would cut rates by 50bp to 1.0% this week. The UK economy contracted by 1.5% in Q4 2008 – its weakest performance since 1980. The threat of inflation has now turned to the risk of deflation due to the sharp drop in commodity prices, the temporary cut in VAT and weakness in consumer demand. We now expect the Bank of England to cut rates close to zero by mid-year.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more