The pound rose for a third day versus the dollar as Bank of England Governor Mark Carney said the central bank will end incentives for mortgage lending to head off threats to financial stability from the housing market.
Kenya will use the sale of as much as $2 billion of Eurobonds to upgrade the country’s crumbling infrastructure so it’s able to handle the demands of an expanding economy, Treasury Secretary Henry Rotich said.
Kevin Daly, a portfolio manager at Aberdeen Asset Management Plc. in London, comments on China’s monetary policy outlook and Indonesia’s rating outlook. Daly, who helps manage $6.5 billion in emerging-market funds, spoke today at a briefing in Hong Kong. The People’s Bank of China yesterday lifted the one-year deposit and lending rates by a quarter of a percentage point each to 3.5 percent and 6.56 percent respectively.
Mark Carney’s first six weeks as Bank of England governor will test his ability to turn activist rhetoric into policy reality as he seeks to accelerate the struggling U.K. economy to what he calls “escape velocity.”