Carney Says Rate Moves to Take Account of Consumer Costs

Bank of England Governor Mark Carney said policy makers will take account of the interest rates actually paid by consumers as they start pushing rates higher. In an interview with The Australian newspaper, Carney said that banks weren’t now charging customers for liquidity because central bank action meant it was plentiful.

Economic Issues Take Back Seat to Syria at G-20 Summit

Though discussion of Syria has been a top discussion topic at the G-20 summit in St. Petersburg, the top world economic teams have also sought to address the issues at hand while meeting in Russia.

The Korean paradox

When we speak about Korea, a paradox is immediately apparent: European public opinion is much more focused on North Korea, one of the most closed, isolated and secretive states in the international community, whilst the attention that its southern neighbor, South Korea is due, is rarely given. Below the 38th parallel there is a story of recent economic success and burgeoning international prestige.