Policymakers at the Bank of England will vote on whether to lift interest rates on Thursday – and it’s thought that economic and employment growth could give them the confidence to risk a raise.
Interest rates have been locked at 0.5% since 2009, but last year, Bank of England Governor Mark Carney said that an increase would be considered once unemployment dropped below 7%. In the three months before May, the figure fell to 6.5% and many believe that the recovery is now strong enough for the Monetary Policy Committee (MPC) to look at raising rates, although Carney is still cautious and is looking at another economic indicators, such as wages, which remain weak.
“We expect the first dissent to come at this meeting,” commented Philip Rush, an economist at Nomura. “However, we assign only a seven per cent probability to a change being announced this month.”
On the second day of this year's AFP conference Trump's potential tax reform, using synthetic debt and the expected benefits of SWIFT GPI were all hotly discussed topics.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.