LONDON (Reuters) - Uncertainty in the euro zone will continue for the next few years, acting as a drag on the UK economy, Bank of England policy maker Spencer Dale was quoted as saying in a newspaper on Sunday.
Uncertainty in the euro zone will continue for the next few years, acting as a drag on the UK economy, Bank of England policy maker Spencer Dale was quoted as saying in a newspaper on Sunday. Britain is ...
Mark Carney might finally have some time to decide if he wants to stay on at the Bank of England into the next decade.
Following the Brexit vote fallout, the governor now has less than 90 days before a self-imposed deadline to declare a desire to serve his full eight-year term through 2021, or leave in 2018 as originally planned. His new schedule of fewer interest-rate meetings means there’s no monthly decision for the first time in October — giving him some breathing space to make up his mind.
Spencer Dale is leaving the Bank of England (BOE) after 25 years to join BP plc (ADR) (BP). Since the arrival of the new Governor Mark Carney a year ago, there have been numerous changes in the management of the central bank. Mr. Dale was Chief Economist under the previous governor’s tenure before becoming Executive Director for financial stability around two months ago, as part of some major changes brought on by the new governor.
WASHINGTON — The World Bank on Tuesday raised its forecast for global growth for the first time in three years as advanced economies started to pick up pace, led by the United States.
The rosier outlook suggests the world economy is finally breaking free from a long and sluggish recovery after the global financial crisis.