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Credit market conditions have worsened since the turbulence began this summer.
Measured on a trade-weighted basis, it has fallen by a mere 0.04% since the recent financial turbulence began on February 27th.
FRANKFURT — Citing a worsening outlook in Britain, the Bank of England on Thursday cut its benchmark interest rate for the second time since financial turbulence began in August.
During the 16th century, this "turbulence" began to recede, and the monarch became truly independent.
But when doctors go looking for the root cause, sometimes we can't find out why the turbulence began.
Similar(55)
The sense of off-stage turbulence begins early.
DISASTER DISASTER It is just after takeoff when turbulence begins to shake our 737 like a pressurized maraca.
DISASTER It is just after takeoff when turbulence begins to shake our 737 like a pressurized maraca.
THE turbulence that began in East Asia 15 months ago has now battered most of the globe.
The unexpectedly heavy economic turbulence, which began in the third quarter of last year, can be traced to the mix of financial globalisation and misplaced confidence in the foresight (and technical sophistication) of large financial investors.
"The financial turbulence that began with the American banks, and the string of consequences which followed from it, have understandably made many people, particularly the most vulnerable in our society, more concerned about financial transactions," Purnell told MPs. "We recognise the importance of competition in the awarding of public contracts.
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CEO of Professional Science Editing for Scientists @ prosciediting.com