London housing market is the weakest performing region in the UK, with house prices down 0.6% year-on-year according to NationwideLatest: Lagarde on bitcoin and AI in central bankingUK annual growth rate cut to 1.5%Mark Carney: We can’t fix inequalityCarney: Frothy consumer debt needs reining inNationwide: London prices now fallingEstate agent blames affordability problems, rate fears and Brexit 2.54pm BST Professor Ngaire Woods of Oxford University takes issue with Willem Buiter’s comments that central bankers should stick to monetary policy.She warns that this will simply make the Bank of England look remote and uncaring.The problem with a strict interpretation [of a central bank mandate] is that central banks will look like what most of the people in most countries think the elite look like — people who are just not listening. 2.51pm BST Clearly no-one told Willem Buiter that the Bank of England is having a celebration this week….Buiter really delivered his message. Blew fresh air into the room by criticizing the BoE vast extended mandate (at their 20 yrs celebration) https://t.co/lzH8c8H7Ez Continue reading…
Via: Lagarde on AI central banking; London house prices fall – business live
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PIERS MORGAN: A phone call I received from a fired-up Trump should be a warning to Democrats
President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…