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.”
Cash-flow based metrics now feature prominently alongside traditional revenue measures of business performance in the key figures or financial summary pages of any public company.
GTNews asks Pugsley about what advice she would give to treasurers dealing with mergers and acquisitions, what the key challenges for her year ahead will be and how she is selecting a treasury management system (TMS).
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.