Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate
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As world's central banks wrestle with when to cut rates, Europe signals it's ready to move
The European Central Bank signalled Thursday it could cut interest rates at its next meeting in June, a big step as the rich world's central banks, including the U.S. Federal Reserve, wrestle with how soon declining inflation will let them lower credit costs for business and consumers. The bank left
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Bank of England governor Andrew Bailey forecasts another big drop in inflation, boosting hopes for a cut in interest rates
The Bank of England 's governor last night forecast another big drop in inflation after it fell to the lowest level since September 2021.
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World Bank Report Highlights Advantage Of Central Bank Gold Revaluation Accounts
World Bank Report Highlights Advantage Of Central Bank Gold Revaluation Accounts By Jan Nieuwenhuijs of Gainesville Coins Recently the World Bank released a handbook for asset managers on why to invest in gold. At Gainesville Coins I have written numerous articles on gold revaluation accounts and how these can be deployed by central banks to absorb losses in case of emergency. The World Bank has taken notice of my research as they allude to this practice in a chapter on reserve...