Category: stabilise
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IMF urges Rachel Reeves to raise taxes and rein in spending to stabilise UK public finances
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The International Monetary Fund has called on Chancellor Rachel Reeves to introduce tax rises and tighten government spending in the next budget, warning that delaying such measures could worsen the UK’s fiscal problems. In a previously released section of the *Comptroller* report, the Washington-based organization highlighted the UK and US…
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‘Significant action’ needed to stabilise UK finances, warns OECD
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The OECD has warned that “significant action” is needed to stabilise the UK’s public finances, and urged Chancellor Rachel Reeves to reform fiscal policy. The OECD recommends abolishing stamp duty, reducing the triple pension lock and modernising the council tax system. The report highlights the growing financial pressures from healthcare,…
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Japan’s new currency diplomat keeps intervention on table to stabilise yen By Reuters
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Written by Makiko Yamazaki and Takaya Yamaguchi TOKYO (Reuters) – Japan will maintain its basic approach on the yen, with intervention remaining an option to address excessively volatile moves in the exchange rate, Atsushi Mimura, the new Japanese diplomat in charge of the currency, told Reuters. “Japan will act in…
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Indonesia central bank to continue intervention to stabilise rupiah By Reuters
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Written by Stefano Soliman JAKARTA (Reuters) – Indonesia’s central bank will continue to intervene in the foreign exchange market to stabilize the rupiah, the governor said on Wednesday, adding that the currency will strengthen next year. The rupee recovered some of its losses on Wednesday to reach $16,265 by 0603…