Bank of Canada to announce interest rate decision today, expected to hold at 5%
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Bank of England to look closer at rise of AI in finance: Woods
LONDON : The Bank of England is looking closely at the growing use of artificial intelligence by financial firms but specific regulations that target AI may not be the best way forward, Deputy Governor Sam Woods said on Wednesday."We want to be technology-agnostic in all of our regulation," Woods said at
Bank of England warns that higher rates 'have yet to come through' to an already weak economy
The Bank of England warned on Wednesday warned that although household finances are faring better than expected, higher borrowing costs have yet to feed through to the economy.
Bank of England to look closer at rise of AI in finance
LONDON: The Bank of England will study more closely the growing use of artificial intelligence by financial firms, but specific regulations that target AI may not be the best way forward, Deputy Governor Sam Woods said on Wednesday (Dec 6). Machine learning and some types of AI were already being widely us
BoC holds key interest rate steady as speculation shifts to timing of rate cuts
OTTAWA - The Bank of Canada ended the year with another interest rate hold as the economy slows and forecasters speculate on the timing of rate cuts in 2024.
last updated on 11 Dec 00:39