Tag: warns

Bank deputy governor warns against negative interest rates

Image copyright Getty Images A Bank of England (BoE) deputy governor has spoken out against setting negative interest rates, which would bring the cost of borrowing below zero. “At present, negative policy rates would be less effective as a tool to stimulate the economy,” Sir Dave Ramsden told the Society of Professional Economists (SPE). The Bank has so far responded… Read more →

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Londonderry: Retail NI warns road upgrade ‘risks’ jobs

image captionJob losses will occur unless there are changes to the proposed redevelopment to Buncrana Road, Retail NI have warned. Planned road redevelopments on the Buncrana Road in Londonderry could put 300 jobs at risk, Retail NI have said. The retail group has said local traders fear current upgrade plans to the road will “restrict passing trade to local businesses”.… Read more →

Coronavirus: Nicola Sturgeon warns against ‘intimidating’ people back to work

Media playback is unsupported on your device Media captionStaff ‘shouldn’t be intimidated back to the office’ Scotland’s first minister has said she does not want to see people being “intimidated” into returning to workplaces before it is safe to do. Nicola Sturgeon said her government had been holding talks with business leaders about the possibility of a phased return to… Read more →

Federal Reserve warns of continuing need to protect US economy

Image copyright Getty Images Image caption Federal Reserve Chairman Jerome Powell holding a media conference to explain the Fed’s strategy. The US central bank has repeated its vow to protect the US economy amid rising coronavirus rates and worries about growth. The Federal Reserve kept interest rates on hold at near zero on Wednesday, saying it would keep them there… Read more →