This week's BoE decision to hold off on its second interest rate cut of the year was billed by many central bank watchers as an expected "non-event". But the freeze is more meaningful - and even a little head-scratching - given what the BoE's G7 peers are doi...
The decision was unanimous. However, it was a hawkish hold as the Norges Bank pushed out the timing of a first rate cut to Q1 2025 from Q3 2024 previously. The bank’s new forecast indicates that the policy rate will remain at 4.50% through year-end before gradually being reduced. The ...
search field entering text into the input field will update the search result below subscribe expectations are running high that governor mark carney could shave 25 basis points off the bank of england's base rate today and/or boost its bond-buying program to ward off a brexit recession. sterl...
The latest inflation reports in the UK witnessed inflation dipping from 4% to 3.4%. Following the BoE’s decision, money markets are pricing a 75% chance of a rate cut in June, up from 65% earlier in the day. The Greenback recovered some lost ground following Wednesday's Federal Open Ma...
Bank of England decision ahead This will be an important week for British banks as the BoE is set to deliver its first interest rate decision of the year. This meeting will set the tone for what to expect in the coming months. As the Federal Reserve did on Wednesday, economists believe ...
Comments from BoE’s Pill & Mann will headline today. We will provide greater colour on those appearances shortly. BoE MeetingSONIA BoE-Dated OIS (%)Difference Vs. Current Effective SONIA Rate (bp) Aug-245.052-14.9 Sep-244.972-22.8 Nov-244.814-38.6 ...
- EUR/USD drifting higher ahead of Thurs ECB rate decision. Market pricing in two more rate cuts this year and 40% probability of a third one in Dec. - GBP/USD holding below the 1.31 level. Softer GDP and production data for July unlikely to have the ...
The US Federal Reserve and Bank of England announce their next interest rate decision tomorrow and Thursday respectively Just as the dust settled on Chancellor Rishi Sunak’s third budget, the City turned its attention to more set piece economic announcements. ...
"UK SMEs earn close to nil returns on their cash, today's unanimous rate rise signals that this will change. Midsize businesses can earn 15x their current interest on their cash - with rates rising we will see more SMEs using platforms to actively manage cash for asset generating returns ...
Today’s decision suggests Tenreyro seems to have lost her spot as Threadneedle Street’s top dove, and the skew of the MPC has shifted. Here’s the summary of Dhingra’s argument, fromthe MPC minutes, which also note she considered backing 50bps (our emphasis): ...