Home borrowing costs, like other long-term rates, are not directly controlled by the Fed – but they still feel its influence. athima tongloom/Moment via Getty ImagesWhat’s the point of monetary policy?
UK regulator plans changes to avoid ‘information overload’ and boost investment
Evolution Capital Management must pay Robert Gagliardi $5.4mn plus interest after High Court judgment
Warren Buffett announces leadership shake-up at conglomerate
In line with the Bank's transition to a repo-led, demand-driven operational framework for providing reserves, the Bank is today announcing a reduction in the spread to Bank Rate of the Operational Standing Facility (OSF). This Market Notice confirms the new, recalibrated spread of the OSF at Bank Rate +15bps for the lending facility and Bank Rate -15bps for the deposit facility. As with all SMF facilities, the OSFs are 'open for business' and should be used by SMF participants for the purposes of liquidity management.
Greece’s trade deficit fell sharply by 18.4 percent year-on-year (YoY) in October, after a drop of 13.6 percent in September, according to data released by ELSTAT on Monday.
Also in today’s newsletter: China’s trade surplus hits $1tn and L’Oréal raises stake in aesthetic injectables group
Eterna Images/ShutterstockWe often throw caution to the cold, dark wind of December when it comes to spending. The cost-of-living crisis may slip our minds amid the razzle-dazzle of Christmas. We just want a moment to enjoy ourselves, to forget about the winter gloom. It’s natural for us to behave this way. Our brains are wired for it.
izzuanroslan/ShutterstockAs OpenAI marks its tenth birthday in December 2025, it can celebrate becoming one of the world’s leading companies, worth perhaps as much as US$1 trillion (£750 billion).
The chair of the central bank is dealing with internal divisions while being besieged by President Trump and front-runners jockeying to replace him.
