- The Bank of England raised interest rates by the most in 27 years on Thursday in an attempt to smother surging inflation on track to top 13%, even as it warned a long recession is coming. Reeling from a surge in energy prices after Russia's invasion of Ukraine, the BoE's rate-setters voted 8-1 for a half percentage-point rise in Bank Rate to 1.75%, its highest since late 2008.
China's finance ministry will issue 5 billion yuan worth of treasury bonds in Hong Kong on Aug. 10, including 1 billion yuan of 10-year bonds, the Hong Kong Monetary Authority said on Thursday. The remaining 4 billion yuan will be added to bonds already issued and which mature in 2024, the HKMA said.
The Bank of England is expected to raise interest rates by the most since 1995 on Thursday, even as the risks of a recession mount, in an attempt to stop a surge in inflation from becoming embedded in Britain's economy.
Most U.S. Treasury yields
climbed to two-week peaks on Wednesday, bolstered by
stronger-than-expected data on factory orders and the services
sector, backing hawkish comments from Federal Reserve ...
U.S. Treasury yields rose across
the board on Tuesday in volatile trading, lifted by hawkish
comments from Federal Reserve officials that suggested more rate
hikes are coming in the near term, as ...
U.S. Treasuries rallied on Tuesday, pushing 10-year bond yields to four-month lows, on unease that a visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan would intensify Sino-U.S. tensions.
The Bank of England is now expected to lift borrowing costs by a bigger 50 basis points to 1.75% on Thursday as it battles soaring inflation, according to a Reuters poll taken over the past week after several economists changed their minds.
The Bank of England says it will act forcefully if needed to stop the surge in inflation from turning into a long-term problem, meaning it could deliver a rare half-percentage point interest rate rise as soon as this week.
The Bank of England says it will act forcefully if needed to stop the surge in inflation from turning into a long-term problem, meaning it could deliver a rare half-percentage point interest rate rise as soon as this week.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required