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'Significant monetary policy response' to come, Bank chief economist says

Sky News Tuesday, 27 September 2022
The Bank of England's chief economist has said the government's latest economic announcement will require "a significant monetary policy response".
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House GOP Vows to Question Military Leaders on COVID Vaccine Discharges [Video]

House GOP Vows to Question Military Leaders on COVID Vaccine Discharges

House GOP Vows , to Question Military Leaders , on COVID Vaccine Discharges. 'Newsweek' reports that representative Jim Banks says Republicans will open an investigation and push military leaders to , "answer tough questions and answer for their actions.". 'Newsweek' reports that representative Jim Banks says Republicans will open an investigation and push military leaders to , "answer tough questions and answer for their actions.". While appearing on Fox News, Banks said leaders will be questioned on members of the military who were discharged for refusing to get the COVID vaccine. While appearing on Fox News, Banks said leaders will be questioned on members of the military who were discharged for refusing to get the COVID vaccine. According to Banks, Republicans in the House will , "make them answer to why they denied so many religious exemptions when it came to the COVID-19 vaccine.". According to Banks, Republicans in the House will , "make them answer to why they denied so many religious exemptions when it came to the COVID-19 vaccine.". Ask them why they're getting rid of all of these heroes, men and women in uniform, for not taking the vaccine, Jim Banks, Republican House Representative, via 'Newsweek'. Ask them why they're getting rid of all of these heroes, men and women in uniform, for not taking the vaccine, Jim Banks, Republican House Representative, via 'Newsweek'. 'Newsweek' reports that it remains unclear exactly how many service members were discharged for refusing to receive the vaccine. . 'Newsweek' reports that it remains unclear exactly how many service members were discharged for refusing to receive the vaccine. . As of October 13, the U.S. Army said that 1,760 active soldiers had been discharged for failing to comply with the vaccine mandate. As of October 13, the U.S. Army said that 1,760 active soldiers had been discharged for failing to comply with the vaccine mandate. As of October 26, the U.S. Navy said that 1,544 active sailors and 327 reservists had been discharged, while the Marines said 3,584 Marines had been separated as of November 3. As of October 26, the U.S. Navy said that 1,544 active sailors and 327 reservists had been discharged, while the Marines said 3,584 Marines had been separated as of November 3. Due to a pending lawsuit, the U.S. Air Force has not released new numbers since July 11, but as of that time, 834 service members had been discharged. Due to a pending lawsuit, the U.S. Air Force has not released new numbers since July 11, but as of that time, 834 service members had been discharged. I guarantee you that 99 percent of our troops who didn't take the vaccine who are being flushed out of the military are probably right-leaning, they probably vote Republican, so we're going to hold hearings about that. That's where we're going to start, Jim Banks, Republican House Representative, via 'Newsweek'. I guarantee you that 99 percent of our troops who didn't take the vaccine who are being flushed out of the military are probably right-leaning, they probably vote Republican, so we're going to hold hearings about that. That's where we're going to start, Jim Banks, Republican House Representative, via 'Newsweek'. I guarantee you that 99 percent of our troops who didn't take the vaccine who are being flushed out of the military are probably right-leaning, they probably vote Republican, so we're going to hold hearings about that. That's where we're going to start, Jim Banks, Republican House Representative, via 'Newsweek'

Credit: Wibbitz Top Stories    Duration: 01:31Published
Mastercard To Help Banks Offer Cryptocurrency Trading to Their Clients [Video]

Mastercard To Help Banks Offer Cryptocurrency Trading to Their Clients

Mastercard To Help Banks Offer , Cryptocurrency Trading to Their Clients. CNBC reports that Mastercard is announcing a new program where it will serve as a "bridge" between crypto trading platform Paxos and banks. The two companies will oversee regulatory compliance and security, which many banks have previously cited as reasons for not wanting to delve into crypto. According to Mastercard's chief digital officer, 60% of consumers who are considering crypto would feel more comfortable exploring options with their existing banks. . There’s a lot of consumers out there that are really interested in this, and intrigued by crypto, but would feel a lot more confident if those services were offered by their financial institutions. , Jorn Lambert, Mastercard’s chief digital officer, to CNBC. It’s a little scary to some people still, Jorn Lambert, Mastercard’s chief digital officer, to CNBC. CNBC reports that if banks take Mastercard up on its offer, it could mean more competition for exchanges such as Coinbase. CNBC reports that if banks take Mastercard up on its offer, it could mean more competition for exchanges such as Coinbase. Mastercard intends to pilot its crypto services in Q1 of 2023. If everything goes as planned, the company will "crank the handle" and expand the service

Credit: Wibbitz Top Stories    Duration: 01:31Published

Bank of England Bank of England Central bank of the United Kingdom

Behind-the-scenes dysfunction of Truss government laid bare by Bank of England governor

The degree of behind-the-scenes dysfunction in government ahead of September's mini-budget has come into clearer focus as the Bank of England governor described..
Sky News
BofE Governor: We predict inflation to fall after winter [Video]

BofE Governor: We predict inflation to fall after winter

Governor of the Bank of England Andrew Bailey predicts the rate of inflation will fall after winter. Speaking to the Treasury Committee, Bailey says "once we get though this winter" there should be a "pronounced fall" in inflation, below the bank's target Report by Nelsonr. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:26Published
UK Inflation Hits 41-Year High [Video]

UK Inflation Hits 41-Year High

UK Inflation , Hits 41-Year High. CNN reports that according to Britain's Office for National Statistics, the country's annual rate of inflation rose to 11.1% last month. That's up from September's rate of 10.1%. Gas and electricity prices continue to climb as food price inflation reaches 16.4%. Gas and electricity prices continue to climb as food price inflation reaches 16.4%. Over the past year, gas prices have climbed nearly 130% while electricity has risen by around 66%, ONS chief economist Grant Fitzner, via statement. Over the past year, gas prices have climbed nearly 130% while electricity has risen by around 66%, ONS chief economist Grant Fitzner, via statement. The cost of goods and services increased by 2% from September to October. The Bank of England projects that the U.K.'s recession will last through the first half of 2024 as it continues to raise borrowing costs. U.K. Finance Minister Jeremy Hunt is expected to announce spending cuts and tax increases while detailing the government's budget on Nov. 17. On the other side of the pond in America, . inflation appears to be cooling as the nation's annual Consumer Price Index rose at a slower pace of 7.7% in October

Credit: Wibbitz Top Stories    Duration: 01:30Published
BofE Governor: UK was hours from financial meltdown [Video]

BofE Governor: UK was hours from financial meltdown

Bank of England Governor, Andrew Bailey, has revealed to Channel 4 News that Britain was just “hours” from economic meltdown following Liz Truss’ mini-budget. Asked by Channel 4 News presenter and Investigations Editor, Cathy Newman, how close Britain came to financial Armageddon after the run on the pound, Bailey admitted: “I think at the point when we intervened I can tell you that the messages we were getting from the markets were that it was hours.” Report by Czubalam. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:47Published
BoE Governor on interest rise [Video]

BoE Governor on interest rise

Andrew Bailey, Governor of the Bank of England, speaks after the Bank of England raised interest rates again. Mr Bailey said despite the rise, the expect rates to come back down ‘quite rapidly’. Report by Browna. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:11Published

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