Tag Archives: BoE

As expected, the BoE raised interest rate by 50 bps to 3.50%. The BoE is seen as having provided no sufficient support for GBP to climb according to some economists.As broadly expected, the BoE hiked 50 bps to 3.50% and signaled that more hikes are likely. The vote was biased …

Following its December policy meeting, the Bank of England (BoE) announced that it raised the policy rate by 50 basis points (bps) to 3.5% as expected. The vote was 6-3 in favor of the rate decision. Two members, Tenreyro and Dhingra, voted to keep rates at 3% while Mann voted …

The Bank of England (BoE) is likely to return to its conservative stance in the final meeting of this year, having delivered its biggest rate hike in 33 years in November. The BoE will announce its interest rate decision at 12:00 GMT this Thursday, accompanied by the Minutes of the …

Tomorrow is Jerome Powell’s last FOMC speech for 2022. The Federal Reserve has previously signaled a general tendency to step down the pace of interest rate hikes upon concluding its two-day meeting on Wednesday, with extensive expectations of a half-point rate hike to a range of 4.25% to 4.5%. Nevertheless, …

Bank of England to hike rates by 50 bps, fresh forecasts coming up. Concerns about a global economic setback weighed on US indexes. The GBP/USD pair is trading at 1.2265 at the time of writing.The GBP/USD pair peaked at 1.2321 after Wall Street’s opening but trimmed intraday gains and hovers …

Weaker than expected economic data in China threatens to derail economic growth and trigger risk aversion. The US central bank seems pressured by Solid US economic data released since last Friday ahead of the awaited US inflation data.The GBP/USD pair is upward biased, and could even test Tuesday’s high of …

The Bank of England sold GBP 1.412 billion of long-dated and index-linked gilts on Friday, taking to 3.65 billion pounds the total volume of gilts it has sold since starting to unwind earlier emergency purchases on Tuesday.Friday’s sale was the third this week, as the BoE looks forward to unwinding …

The BoE’s governor, Andrew Bailey said on Tuesday there was no monetary policy reason to reduce or restructure the way the UK central bank pays interest on its reserves held by commercial banks.“In my view, there is not a monetary reason, a monetary policy reason that is, for varying that. …

In exchanged letters between the BoE governor and the UK finance minister regarding asset purchase programme, there was a mention of the official intention to looming cutting of the maximum size of the Asset Purchasing Facility, APF.The maximum size of the APF authorized has been cut to GBP871 bln, of …

BoE’s Swati Dhingra said on Wednesday that the British central bank could deepen an expected recession if its pushes up borrowing costs beyong the present level.“You could think of getting into a much deeper, much longer recession if rates continue to rise because there is already about a fairly sizeable …