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Bank rate stays put; BoE signals 'sharp' inflation rise


Bank rate stays put; BoE signals ‘sharp’ inflation rise
By
Gary Adams
4
th February 2021
2:11 pm
The Bank of England’s monetary policy committee has decided to keep the base rate at 0.1 per cent by unanimous decision.
The MPC minutes of the decision also report that 12-month inflation rose from 0.3 per cent in November to 0.6 per cent in December and that this figure is “is expected to rise quite sharply towards the 2 per cent target in the spring, as the reduction in VAT for certain services comes to an end and given developments in energy prices.”
It says that GDP is expected to have risen to “around” 8 pr cent lower in the final quarter of 2020 than in Q4 2019, which is stronger than expected in the November report. ....

City Of London , City Of , United Kingdom , Nigel Green , London Stock Exchange , Devere Group , European Union , Bank Junction , London Troops , நகரம் ஆஃப் லண்டன் , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , நைகல் பச்சை , லண்டன் ஸ்டாக் பரிமாற்றம் , டென்வெர் குழு , ஐரோப்பிய தொழிற்சங்கம் , வங்கி சந்தி , லண்டன் துருப்புக்கள் ,

Criminal complaint filed against Devere & Partners in Thailand


The firm’s managing director and another company he runs
The Securities and Exchange Commission of Thailand filed a criminal complaint against three offenders for operating securities business without a licence on 28 January.
The complaint was lodged with the Economic Crime Suppression Division of the Royal Thai Police and involves Devere & Partners (Thailand); Broadgate Mutual Fund Brokerage Securities (Thailand); and Frederick Ian McIntyre, managing director of both companies.
A spokesperson from DeVere Group told
International Adviser: “The case refers to an administrative issue that caused some parts of the local licence to become unmaintained by former representatives of the company. All ex-representatives in question had left the company by February 2020. ....

Frederick Ian Mcintyre , International Adviser , Devere Group , Exchange Commission Of Thailand , Broadgate Mutual Fund Brokerage Securities Thailand , Exchange Commission , Economic Crime Suppression Division , Royal Thai Police , Broadgate Mutual Fund Brokerage Securities , Exchange Act , ஃப்ரெடரிக் ஈயந் முசந்த்ிரே , டென்வெர் குழு , பரிமாற்றம் தரகு ஆஃப் தாய்லாந்து , பரிமாற்றம் தரகு , பொருளாதார குற்றம் அடக்குமுறை பிரிவு , அரச தாய் போலீஸ் , பரிமாற்றம் நாடகம் ,

This Biden move will push shares to record highs


This Biden move will push shares to record highs
Tony Yoo | January 22, 2021 8:50am |
More on:
Image source: Getty Images
Share markets will hit record highs this year because of one move that Joe Biden has already made.
That’s according to DeVere Group chief executive Nigel Green, who explained the appointment of Janet Yellen as US Treasury secretary is a very positive development for equities. 
“Despite the inauguration pomp and ceremony at the Capitol, investors’ focus is now already on Janet Yellen, who will take over from Steve Mnuchin as US Treasury secretary,” he said.
“In her testimony in congress on Tuesday, the former Federal Reserve chair called on lawmakers to ‘act big’ on coronavirus stimulus especially with interest rates being at historic lows.” ....

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