Hammond predicts economic boost from ‘Brexit deal dividend’ October 12, 2018 Chancellor Philip Hammond said today that securing a Brexit agreement with the EU will lift the economy. Speaking in the run up to the Budget later this month, Hammond told the BBC that there has been a “measurable change of pace” in the negotiations between the UK and the EU, adding that the UK could [...]
IMF data shows there’s even less cash to splash October 11, 2018 Positive news around the public finances has been forthcoming in 2018, following years of disappointingly slow deficit reduction. Borrowing fell to a 16-year low in the fiscal year that ended in April, while in July the Treasury recorded its biggest surplus since 2000. Thus it was a shame to be brought crashing back down to [...]
IMF downgrades world economic growth forecast October 9, 2018 The International Monetary Fund (IMF) has downgraded the world’s economic growth forecast while warning about risks created by the US and China’s trade war. The IMF cut its global growth prediction by 0.2 per cent to 3.7 per cent for 2018 and 2019. Read more: US and Canada sign eleventh-hour deal to replace Nafta It [...]
International Monetary Fund warns against financial regulation rollback October 3, 2018 The International Monetary Fund (IMF) today cautioned against a “race to the bottom” on financial deregulation as it warned that regulators risk “fighting the last war” in the face of technological change. The Washington-based body said that “reform fatigue” could pose a risk to financial stability if regulation of systemically important institutions is reversed, in [...]
Argentine peso falls despite IMF loan increase to $57bn September 27, 2018 The Argentine Peso opened low against the dollar today despite the International Monetary Fund boosting the country's loan to $57.1bn. The peso opened at 39.25 against the dollar today as it edged back towards record lows. The IMF funding, which was secured last night, is an increase of $7.1bn on the deal that was [...]
Peso slides as Argentina’s central bank chief resigns September 25, 2018 The governor of Argentina's central bank has resigned amid the country's ongoing discussions with the International Monetary Fund (IMF), sending the peso tumbling. Luis Caputo stepped down for personal reasons, the bank said in a statement, after less than three months in the role and has been replaced by former economic policy secretary Guido Sandleris. [...]
IMF warns time has run out for no-deal Brexit preparations September 17, 2018 The International Monetary Fund (IMF) today warned that the government has run out of time to prepare fully for a no-deal Brexit, saying it would impose “substantial costs”on the British economy. Christine Lagarde, the IMF's managing director, said that a no-deal Brexit risks a "reduction of the size of the UK economy", with a larger [...]
IMF chief Christine Lagarde says Ukraine is showing “signs of turning the corner” September 6, 2015 International Monetary Fund (IMF) boss Christine Lagarde has said that Ukraine's economic reforms are starting to yield results, and the country is on the cusp of "turning the corner". Lagarde stressed she was "extremely encouraged" by the recent progress towards stabilising Ukraine's economy, even against a backdrop of difficult circumstances. The heavily indebted country has suffered amid [...]
G20: Finance ministers say low interest rates not enough to boost global economy September 6, 2015 Finance ministers from the world's 20 biggest economies agreed yesterday that keeping interest rates at their current low levels won't be enough to prevent a global economic slowdown. Following a two-day meeting in Ankara, Turkey, they said a coordinated introduction of other reforms was needed to encourage growth. "Monetary policies will continue to [...]
China’s economic slowdown: IMF warns central banks not to raise interest rates September 3, 2015 The IMF has warned the world's biggest economies not to raise their interest rates in the near future, as China's economic struggle could have far-reaching consequences. In a pessimistic report released last night, the international lender said the risk of a global slowdown was increasing, and that in most cases economies are falling short [...]