The Bank of England would press on with plans to gradually sell its vast stock of British government bonds even if an economic slowdown eventually forces it to cut interest rates, Deputy Governor Dave Ramsden said.
The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflation pressures that are gaining a foothold in Britain's economy, BoE Deputy Governor Dave Ramsden said.
U.S. Treasury yields dipped on
Monday as investors continued to digest an unexpectedly strong
jobs report from Friday and before highly anticipated inflation
data on Wednesday, which will be ...
U.S. Treasury yields rose
sharply on Friday after data showed the world's largest economy
created far more jobs than expected in July, bolstering
expectations the Federal Reserve will continue ...
U.S. Treasury yields rose
broadly on Friday after data showed the world's largest economy
created far more jobs than expected in July, bolstering
expectations the Federal Reserve will continue ...
The Bank of England's top brass defended their record on Britain's monetary policy on Thursday, after a cabinet minister talked openly about diluting the central bank's operational independence. Speaking shortly after the BoE raised interest rates to 1.75% from 1.25%, BoE Governor Andrew Bailey said it is important for the central bank to make policy decisions independent of the government.
* Bank warns UK economy to start shrinking in Q4. * Returning inflation to target 'absolute priority' - Bailey. * BoE expects to start selling gilts stockpile from Sept. By William Schomberg, David Milliken and Andy Bruce.
The Bank of England's top brass defended their record on Britain's monetary policy on Thursday, after a cabinet minister talked openly about diluting the central bank's operational independence. Speaking shortly after the BoE raised interest rates to 1.75% from 1.25%, BoE Governor Andrew Bailey said it is important for the central bank to make policy decisions independent of the government.
The Bank of England has a high threshold for turmoil in core British financial markets that would force it to halt plans to begin selling its stock of government bonds, deputy governor Dave Ramsden said on Thursday. " will be a high bar for amending the planned reduction in the stock of purchased gilts," Ramsden said at a news conference.
The Bank of England raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on its way, as it rushed to smother a rise in inflation which is now set to top 13%. Reeling from a surge in energy prices caused by Russia's invasion of Ukraine, the BoE's Monetary Policy Committee voted 8-1 for a half percentage point rise in Bank Rate to 1.75% - its highest...
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