BoE Signals Steady Rates Amid Inflation Concerns; Global Banks Designated Systemically Important

Key TakeawaysThe Financial Stability Board (FSB) has released its 2025 list of Global Systemically Important Banks (G-SIBs), identifying 29 institutions including Bank of America (BAC) and Industrial and Commercial Bank of China (1398.HK).Bank of England (BoE) official Greene indicated that most policy rules suggest keeping interest rates steady, despite expressing concern over shifts in wage and price-setting behavior.Greene noted that wage growth, while still elevated, is moving in the right direction, an ...