The budget for the next fiscal year that the British minister will present, Jeremy Hunt, in Parliament this March 6 will be the last before the general elections, scheduled for the end of the year. As was revealed the day before, there were speculations that the conservative Government of Rishi Sunak would apply extensive tax […]
Tag: Bank of england
Bank of England: crisis in the Middle East did not affect crude oil as feared
The governor of the Bank of England, Andrew Bailey, said this Wednesday that the conflict in middle East has not had an impact on the oil pricesas was initially feared, although he acknowledged that there is still uncertainty. “Unfortunately, the world is a pretty uncertain place. “It is clear that there is the possibility of […]
BoE halts interest rate hikes amid slowdown in economy
He Bank of England (BoE) on Thursday paused its long series of interest rate hikes as the British economy slowed, but said it did not take the recent drop in inflation for granted. A day after an unexpected slowdown in the rapid pace of price growth in the United Kingdom, the Monetary Policy Committee of […]
European stock markets face a new meeting on rates, in this case the Fed
European stock markets face a new meeting on interest rates next week, in this case the Federal Reserve of the US (Fed), on Wednesday, from which no new increases are expected, unlike last Thursday’s decision of the European Central Bank (ECB)which opted to raise them 25 basis points. The week in eurozone will begin on […]
Bank of England raises rates half a point to 5%, its highest level since 2008
The Bank of England raised interest rates by half a point on Thursday, from 4.5% to 5%, the highest level since 2008, in order to control year-on-year inflation in the United Kingdom, which last May stood at 8.7 %. The entity announced its thirteenth consecutive rise in rates at the end of a meeting of […]
Big central banks keep raising rates, but see the end
Inflation is cooling, which means that major central banks may start to think about ending interest rate hikes, even if most are not there yet. The Bank of England, an outlier in some ways given the persistence of British inflation, raised its benchmark rate by half a percentage point on Thursday, more than expected. Traders […]
England and the US differ in communication of monetary policy
The Bank of England’s dispute with the financial markets over how to communicate monetary policy is not the first. Until investors recognize how the UK central bank’s approach differs from the US Federal Reserve’s guidance, more confrontations are likely. If there is one lesson to be learned from the reaction against the Bank of England’s […]
Bank of England maintains its interest rate, but warns of a probable increase in the coming months
Updated on 11/04/2021 11:04 am The Bank of England announced on Thursday that it was maintaining its monetary policy, taking the market by surprise with an interest rate that remains at a historical low of 0.1%, but signaled a probable “necessary” increase in the coming months. The institute revised its inflation forecasts upwards (4.25% in […]