Friday, 19 April 2024
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BOE

BoE's Bailey Says Latest Inflation Fall in Line with Forecasts
Thursday, 18 April 2024 06:53 WIB | Fiscal & monetary

British inflation is broadly declining in line with the Bank of England's forecasts, and next month's numbers look on track for a sharp drop towards the central bank's 2% target, Governor Andrew Bailey said on Wednesday. "We're actually pretty much on track for where we thought we would be,"...


Bailey Hints BOE Might Be Able to Cut Rates Before Fed in US
Wednesday, 17 April 2024 08:02 WIB | Fiscal & monetary

Bank of England Governor Andrew Bailey hinted that the UK might be able to lower interest rates before the US, saying inflation dynamics in the two economies are diverging. Bailey said on Tuesday that there is more “demand-led inflation pressure” in the US than seen in the UK after...


Bank of England Sees Economy 'Moving in Right Direction' for Rate Cuts
Friday, 22 March 2024 02:11 WIB | Fiscal & monetary

Britain's economy is "moving in the right direction" for the Bank of England to start cutting interest rates, Governor Andrew Bailey said as two of his colleagues dropped their vote a rate hike. The BoE's interest rate-setters voted 8-1 to keep borrowing costs at their 16-year high of 5.25% on...


BOE’s Bailey Says Capital Rules Not to Blame for Low Bank Values
Tuesday, 13 February 2024 09:39 WIB | Fiscal & monetary

Regulatory reforms since the 2008 financial crisis cannot be blamed for the sharp discount in UK commercial bank valuations, Bank of England Governor Andrew Bailey said. In a speech on a visit to the East Midlands, Bailey argued that more reforms are needed to protect banks from runs...


Bank of England Signals Rate Cuts Possible Once Inflation Eases
Friday, 2 February 2024 01:55 WIB | Fiscal & monetary

The Bank of England opened the door to interest-rate reductions, slashing its outlook for inflation this year and dropping its guidance that borrowing costs may have to rise again. The UK central bank’s nine-member Monetary Policy Committee split three ways on how to act, with a majority of six...


BOE Holds Interest Rates, Warns ‘Way to Go’ in Inflation Fight
Friday, 15 December 2023 01:55 WIB | Fiscal & monetary

The Bank of England kept interest rates at the highest level in 15 years as its policy makers persisted with their higher-for-longer message despite growing market bets on a wave of cuts in 2024. The Monetary Policy Committee voted 6-3 to keep its key policy rate at 5.25% for the third...


BOE’s Bailey Says Forex Market Can Be a Buffer Against Shocks
Thursday, 30 November 2023 07:02 WIB | Fiscal & monetary

Bank of England Governor Andrew Bailey said currency trading markets are vulnerable in periods of stress, but they also can serve as a buffer in a crisis. “FX markets can still dry up in stress periods, particularly in the presence of material imbalances in currency demand.” “Exchange rates,...


BOE Governor Says UK Interest Rates May Have to Rise Again
Tuesday, 21 November 2023 10:16 WIB | Fiscal & monetary

Bank of England Governor Andrew Bailey warned the central bank may have to raise interest rates again and that food and energy costs remain an upside risk to the inflation outlook. Bailey said the central bank’s policy makers are “on watch for further signs of inflation...


BOE Governor Pushes Back Against Market Bets on Early Rate Cuts
Thursday, 9 November 2023 01:05 WIB | Fiscal & monetary

Bank of England Governor Andrew Bailey pushed back against the market bets on interest rates, saying that officials need to carry on fighting inflation for now. “It’s really too early to be talking about cutting rates,” Bailey said Wednesday in response to questions at an event in...


Bank of England Follows Fed With Interest-Rate Pause
Friday, 3 November 2023 01:37 WIB | Fiscal & monetary

The Bank of England kept interest rates unchanged on Thursday, following the Federal Reserve and the European Central Bank. Like the Fed, the BOE is battling inflation that hasn’t returned to its target despite a series of rate hikes. Between December 2021 and August this year, the U.K. central...


BoE's Bailey Says Future Rate Decisions Will Be 'Tight'
Friday, 13 October 2023 23:08 WIB | Fiscal & monetary

Bank of England Governor Andrew Bailey said on Friday that future interest rate decisions by the central bank would continue to be tight after officials voted to leave borrowing costs on hold last month by the finest of margins. Bailey echoed recent comments from other BoE officials who have...


BOE Keeps Rates Unchanged for First Time in Nearly Two Years
Friday, 22 September 2023 00:40 WIB | Fiscal & monetary

The Bank of England has brought the most aggressive cycle of interest-rate rises in more than three decades to a close amid falling inflation and mounting fears of recession. The central bank held its key rate at 5.25%, ending a series of 14 successive hikes since December 2021, when...


Bailey Speech: We Hope We Can Deliver The Path We Expect With No Recession
Friday, 4 August 2023 02:09 WIB | Fiscal & monetary

Andrew Bailey, Governor of the Bank of England, comments on the policy outlook and responds to questions from the press following the Bank of England's (BoE) decision to hike the policy rate by 25 basis points to 5.25% in August. "Economy is more resilient, I would not use words like 'pain' to...


Bank of England Raises Borrowing Costs to 15-Year Peak, Signals Rates to Stay High
Friday, 4 August 2023 00:54 WIB | Fiscal & monetary

The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25% on Thursday, and gave a new warning that borrowing costs were likely to stay high for some time. Unlike the U.S. Federal Reserve or the European Central Bank - which also both raised...


BOE Governor Says UK Inflation Likely to Drop ‘Markedly’
Tuesday, 11 July 2023 06:04 WIB | Fiscal & monetary

Bank of England Governor Andrew Bailey said Britain’s inflation rate is likely to drop “markedly” this year, and the full impact of interest rate increases has yet to hit the economy. The remarks released in a text of his speech at the Mansion House in London this evening indicate...


UK Showing Signs Of Persistent Inflation, Boe's Bailey Says
Thursday, 29 June 2023 03:58 WIB | Fiscal & monetary

Bank of England Governor Andrew Bailey said last week's rise in interest rates reflected a resilient economy and unexpectedly persistent inflation, sticking closely to his message after the BoE raised rates to 5% from 4.5%. "The cumulative data - both particularly on the labour market and on the...


Bank of England Lifts Rate Surprise Half-Point to Battle Worst Inflation in G-7
Friday, 23 June 2023 00:51 WIB | Fiscal & monetary

The Bank of England increased its key interest rate by a bigger-than-expected half-point on Thursday.  It did not follow the Federal Reserve’s move of standing still for a meeting while it waits for more data. Most economists expected a quarter-point move. It’s the 13th consecutive...


Bank of England's Bailey Sees Some Cooling in Job Market
Thursday, 18 May 2023 00:51 WIB | Fiscal & monetary

Bank of England Governor Andrew Bailey said on Wednesday there were some signs of a cooling of inflation pressure in Britain's labour market but it was too soon to say the risks posed by the shortage of workers was over. "There are signs that the labour market is loosening a little," Bailey said...


Bank of England Raises Interest Rates by Quarter Point
Friday, 12 May 2023 00:45 WIB | Fiscal & monetary

The Bank of England raised its key interest rate for the 12th consecutive time and signaled more increases are possible as it released less gloomy forecasts for the U.K. economy. The central bank raised the rate to 4.5% from 4.25%, having begun to tighten its monetary policy in December 2021 when...


BOE Governor Says Global Markets Are Testing Banks for Weakness
Wednesday, 29 March 2023 00:58 WIB | Fiscal & monetary

Bank of England Governor Andrew Bailey said global markets are testing “quite a lot” of the banking sector for any signs of trouble after the failure of Silicon Valley Bank and the rescue of Credit Suisse Group AG. While the UK banking system remains in a “very...



Fed's Powell: Restrictive Policy Needs Further Time to Work
Wednesday, 17 April 2024 00:53 WIB

Federal Reserve (Fed) Chairman Jerome Powell participates in a fireside chat about economic trends in North America at the Wilson Center's...

New US Home Construction Falls to Lowest Level Since August
Tuesday, 16 April 2024 19:46 WIB

New home construction in the US slowed last month as consumers try to wait out high mortgage rates in hopes borrowing costs will ease later this...

S&P 500 Closes Lower As Powell Warns Rates Need To Stay High, Dow Snaps 6-Day Losing Streak
Wednesday, 17 April 2024 03:10 WIB

The S&P 500 wavered on Tuesday after Federal Reserve chair Jerome Powell said interest rates may need to stay elevated. The broad index lost...

UK Unemployment Rate Climbs to 4.2% in Quarter to February vs. 4.0% Expected
Tuesday, 16 April 2024 13:24 WIB

The United Kingdom's (UK) ILO Unemployment Rate came in at 4.2% in the three months to February, rising from 3.9% in the previous period, data...

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