Bloomberg Business

Boris Johnson Says Voting for Brexit Deal Will Be Difficult

Boris Johnson, who led the UK out of the European Union and still remains popular within the governing Conservative party, said he will struggle to support a revised Brexit deal seen as key to mending ties with the country’s biggest trading partner.

Pakistan Raises Key Rate to 25-Year High as Crisis Deepens

Pakistan’s central bank raised its benchmark interest rate to 20% to rein in soaring inflation that it expects to quicken further as the country works to resume a $6.5 billion International Monetary Fund bailout.

ECB Dismissed Overtightening Worry as Core Inflation Debated

(Bloomberg) — Most European Central Bank policymakers agreed last month that it’s too early to start worrying about the danger of raising interest rates too far as they intensified debate on how to interpret underlying inflation. 

World’s Biggest Currency Crash Prompts Lebanon to Intervene Anew

Lebanon’s central bank is taking a page from a playbook it’s used before to try and douse the currency crisis raging in the country for three years with a plan to price dollar sales at a weaker level than its own official exchange rate.

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