SNB Can Continue to Ignore Climate Risks, Swiss Lawmakers Say
The Swiss National Bank won’t have to take climate and environmental risks into account in its monetary policy, according to the country’s parliament.
The Swiss National Bank won’t have to take climate and environmental risks into account in its monetary policy, according to the country’s parliament.
The European Union’s waning clout versus major geopolitical rivals is sounding alarm bells in Europe’s capitals, compelling leaders to discuss a radical transformation to boost the bloc’s competitiveness in a hostile world.
The US central bank could halt the unwind of its balance sheet in 2025, according to Federal Reserve Bank of New York projections.
An auction of 20-year US Treasury bonds drew strong demand, suggesting that yields near the highest levels of the year offer investors enough compensation for the risk that growth and inflation trends will forestall Federal Reserve interest-rate cuts.
Bank of England Governor Andrew Bailey said the UK and the rest of Europe are facing less of an inflation threat than the US, opening the prospect of a rate cut for Britain before the Federal Reserve moves.
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