International - Financial Times - Credit Squeeze

A big week in central bank decisions saw relatively pointed communications from the Bank of England

Analysis of recent central bank decisions shows BoE making the largest shift in tone following energy shock

Lenders rapidly reprice fixed-rate deals, with yet more rises expected

An inflationary energy shock has drained optimism over UK rate cuts and hammered popular hedge fund trades

Investigation follows failure of Mayfair-based lender and linked companies owned by founder Paresh Raja

RBI burns through more than $20bn of foreign exchange reserves this month trying to defend currency, say bankers

Higher than expected £14.3bn figure comes as Middle East turmoil raises inflation forecasts

Also in today’s newsletter: WEF shake-up and JPMorgan to monitor junior bankers’ hours

UK pub chain flags ‘considerable pressure’ on consumer finances

The market’s calm in the face of war is beginning to crack

Shipments from east Africa including goat and cattle meat have plummeted and transport costs have soared

Companies need to know their vessels can pass through busy shipping lanes repeatedly and safely

Beijing is trying to preserve its own stockpiles by limiting sales

MPC holds rates at 3.75% as war in Middle East continues to push energy costs higher

Iranian strikes on Qatari natural gas complex send US and European markets reeling

Dispute about power station payment shows Tokyo’s unease with governance of $550bn in investments

Industry worries that ‘panic’ actions by the White House could backfire on plans to increase drilling

Continent’s industry is particularly vulnerable to high gas prices

Central bank is reserving judgment on whether it can look through the energy price shock

Also in today’s newsletter, the US spy chief offers conflicting assessments about Iran’s nuclear programme