Friday, 20 December 2024 02:09 WIB | Economy
The Bank of England left the benchmark bank rate steady at 4.75% during its December 2024 meeting, in line with market expectations, as CPI inflation, wage growth and some indicators of inflation expectations had risen, adding to the risk of inflation persistence. However, three policymakers...
Thursday, 27 June 2024 23:41 WIB | Root
British businesses and households are generally coping well with high interest rates, although some, especially renters, are under pressure, the Bank of England said on Thursday.
However, global asset prices were vulnerable to "a sharp correction" as investors were generally demanding very little...
Thursday, 18 April 2024 06:53 WIB | Root
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,"...
Thursday, 30 November 2023 07:02 WIB | Root
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,...
Friday, 3 November 2023 01:37 WIB | Root
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...
Friday, 4 August 2023 02:09 WIB | Root
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...
The U.S. Census Bureau will release the country's Retail Sales report on Friday. Market analysts expect headline Retail Sales to grow 0.5% monthly... 
Federal Reserve Chair Jerome Powell will give a speech on the economic outlook and the Fed's review of its policy framework next Friday at the... 
Donald Trump and Vladimir Putin will measure success at their summit in Alaska very differently, even as both leaders are already... 
A jump in wholesale prices is likely to bolster concerns among Federal Reserve policymakers that rising inflation remains a risk, intensifying...