Sentences with phrase «in slashing rates»

Carney was quick and decisive in slashing rates during the crisis, more so than other central bankers, but the sustained period of low rates has led to a record amount of household debt and other problems.

Not exact matches

Dan Kelly, president of the CFIB, isn't expecting the tax rate to be slashed in the budget.
In January the U.S. Congress passed a budget deal that boosts U.S. government spending, following a December tax package that slashes corporate tax rates.
Banks can afford to slash rates because money has never been cheaper in Canada.
The state, which has the highest incarceration rate in the country, is feeling the pressure of a massive criminal justice budget, and is already slashing funds for public defenders.
«It's time to give American workers the pay raise that they've been looking for for many, many years,» Trump said in explaining his desire to slash the corporate tax rate to 15 percent, down from the current statutory rate of 35 percent.
Under the Republican plan making its way through Congress, the corporate tax rate will get slashed from a highest - in - the - developed - world 35 percent to 20 percent and companies will be able to bring back the $ 2.5 trillion they have stashed overseas at sharply lower rates.
President Donald Trump plans to stick with his campaign pledge to slash the corporate tax rate from 35 percent to 15 percent, but the dramatic cut raises a problematic question for the White House: How can the president deliver the «massive» tax cut he promised without also blowing a massive hole in the budget?
Meanwhile, S&P slashed Genworth's credit rating to junk, and the stock has fallen modestly so far in 2015.
Former New York Mayor Michael Bloomberg made history by passing an indoor smoking ban for bars and restaurants in the city which has been credited with slashing hospitalization and heart attack rates.
President Donald Trump on Friday signed into law a massive $ 1.5 trillion tax bill, capping off a yearlong effort by the White House and Republicans in Congress to slash tax rates for both corporations and individuals.
The last time rates were raised was nearly a decade ago; since then the Fed has pursued a policy of slashing rates and keeping them low in an effort to wrench the economy out of the Great Recession and promote greater growth and consumption.
Progress in a few areas has been solid: slashing of bureaucratic red tape has led to a surge in new private businesses; full liberalization of interest rates seems likely following the introduction of bank deposit insurance in May; Rmb 2 trillion (US$ 325 billion) of local government debt is being sensibly restructured into long - term bonds; tighter environmental regulation and more stringent resource taxes have contributed to a surprising two - year decline in China's consumption of coal.
The biggest overhaul of the U.S. tax code in over 30 years, the new law slashes the corporate income tax rate to 21 percent from 35 percent, and charges multinationals a one - time tax on profits held overseas.
In the first quarter, capital expenditures tripled as its tax rate was slashed almost in half to 10.8 percenIn the first quarter, capital expenditures tripled as its tax rate was slashed almost in half to 10.8 percenin half to 10.8 percent.
Mr. Bernanke thus rejected over three hundred years of economic orthodoxy in testifying recently that the Fed was blameless in fueling the real estate bubble by slashing interest rates after 2001.
The Bank of England slashed rates after the Brexit vote in a preemptive strike to calm the markets.
The plan, crafted by Senate Finance Committee Chair Orrin Hatch and Majority Leader Mitch McConnell, would slash corporate tax rates permanently, offer temporary cuts for individuals, and repeal the individual mandate in Obamacare, a $ 338 billion health care cut that leaves 13 million more people uninsured by 2027.
The catalyst was a warm and fuzzy feeling flowing from China after the central bank slashed interest rates in an effort to help stem the tide of selling.
Trump talks taxes Amid a swirl of controversy, US president Donald Trump, in an interview with the Wall Street Journal this week, reiterated his desire to slash the US corporate tax rate to 15 % from 35 % while lowering the tax burden on the middle class.
Following last week's emergency.75 percentage - point interest rate cut, the Federal Reserve's Open Market Committee today slashed rates another.50 percent in a move designed to ease the mortgage crisis and stimulate the economy.
The Deferred Action for Childhood Arrivals program changed the lives of young people who came to the United States illegally as children in incredible ways — boosting high school graduation rates and college enrollment, while slashing teen births by a staggering 45 percent.
Among other things, the U.S. tax package slashed the federal corporate income tax rate from 35 per cent to 21 per cent, allowed for full expensing of investments in machinery and equipment and introduced new international tax rules.
Giuliani was elected mayor in 1993 on a pledge to slash the city's sky - high crime rate.
It wasn't long ago that economists were worrying about the threat of a populist takeover in the Europe and predicting an investment led boom in the U.S.. However, since the start of the year, ratings agencies have upgraded their growth forecasts for Europe's largest economies and slashed its predictions for the U.S. Moody's is expecting...
The report saw investors slash expectations for a rate hike from the Bank of England at its upcoming meeting next week after overall economic growth slowed to near stagnation in the first quarter.
Five years after an epic spree of reckless mortgage lending in the U.S. sank the global financial system, U.S. banks are healing relatively well, thanks to aggressive rate slashing and money printing early on by U.S. central bankers.
Since the beginning of the Global Financial Crisis in 2008, major central banks slashed interest rates to historic lows.
But as long as 1) inflation remains low, 2) profit margins remain wide (remember the $ 1.5 trillion tax cut package passed in December slashed the corporate rate to 21 per cent from 35 per cent), and 3) GDP is also not expected to go backwards, stocks will probably remain supported.
A team of German software engineers is hoping to slash the rate of skin cancers in Australia by putting the intelligence of so - called smart phones to the test.
That, combined with the company slashing its capital expenditure, its focus on efficiencies and a 10 per cent reduction in staff, was enough for S&P to maintain Orica's investment rating.
Like the articles he wrote in the mid-90s about the Tories slashing interest rates before elections during the 1980s, he is once again showing the kind of analytic foresight and forthright judgement that has made him something of a hidden asset to the party and country.
Credit rating agencies slashed Bahrain's sovereign rating, prompting the government to launch in 2011 and 2012 an energetic campaign to restore investor confidence.
Faced with an unaffordable housing market, forced to live in squalor, with tax break cuts and benefits slashed and inequality rates rising, it's no small wonder that some chose to channel their frustrations in violent or otherwise extremist ways in a pursuit of meaning.
So it seems strange that the last five years involved the very opposite: a justice secretary who slashed prison funding and stuffed even more inmates in there, leading to soaring rates of suicide and assault and prisoners spending up to 23 - hours a day locked in their cells.
As well as house building, the Labour leader will today pledge to slash business rates for small firms and pay for the move by cancelling the coalition's corporation tax cuts in 2015 and 2016.
Thirty two percent reduction in murders in our state, graduation rates going up, school achievement going up, investments in schools going up, things that you could not have done if you had a slash and burn mentality about state government,» said Malloy, defending his record.
He slashed the top rate from 83p in the pound to 60p, cut the standard rate by 3p and raised thresholds, covering much of the cost by raising VAT.
Percoco was offered a «per diem» rate of between $ 300 and $ 350 that would have slashed her annual income to just $ 7,000, former CPV spokeswoman Yanina Daigle testified in Manhattan federal court.
David Cameron and George Osborne are considering emergency plans to slash the top rate of income tax from 50p to 45p in the pound, according to reports.
RM: Some had interpreted Theresa May's comments that she wanted the UK to have the lowest corporation tax rate in the G20 as a sign that she could slash it as low as 15 % — the rate promised by the US president - elect, Donald Trump.
Sir Roger says Mr Lansley had never bothered to visit him until a fortnight ago, despite his success in halving heart - disease death rates and slashing waiting times in the past decade, with minimal involvement by the private sector.
By the time she left office, that top rate had been slashed to 40 % and the basic rate to 25 % - and revenues had come rolling in to the Treasury to fund schools, hospitals, roads, railways and all the rest of it.
Paul Refenes of University College London, who developed the learning procedure for the neural network, says the loss was caused by the US slashing its interest rates in December, which was impossible to predict.
In March, Kansas began requiring oil and gas operators in two counties that border Oklahoma to slash their injection rateIn March, Kansas began requiring oil and gas operators in two counties that border Oklahoma to slash their injection ratein two counties that border Oklahoma to slash their injection rates.
Last year, NHS England claimed in court that it didn't have the power to offer PrEP drugs, which slash the rate of HIV infection.
If it can be produced cheaply enough, the condom could help eliminate the gender imbalance in HIV exposure and slash transmission rates in hard - hit areas like sub-Saharan Africa.
The White House in March instructed the CDC to slash rates of infections from antibiotic - resistant bacteria by 2020.
In a new study published in Open Heart, a publication of the British Medical Journal, researchers argue that dietary guidelines should put the spotlight on reducing added sugar consumption — rather than salt — in order to really slash hypertension, heart disease and stroke rateIn a new study published in Open Heart, a publication of the British Medical Journal, researchers argue that dietary guidelines should put the spotlight on reducing added sugar consumption — rather than salt — in order to really slash hypertension, heart disease and stroke ratein Open Heart, a publication of the British Medical Journal, researchers argue that dietary guidelines should put the spotlight on reducing added sugar consumption — rather than salt — in order to really slash hypertension, heart disease and stroke ratein order to really slash hypertension, heart disease and stroke rates.
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