monetary-policy
Top StoriesPolish Central Bank Seen Hiking by 25 Bps as CPI Keeps Rising: Reuters Poll
Top StoriesEuro Zone Yields Fall, German Real Rates in Positive Territory
Top StoriesBank of England Won’t Make Emergency Rate Hike but Will Go Big on Nov 3 – Reuters Poll
Top StoriesECB Policymakers Back Jumbo Rate Hike, Differ on Balance Sheet Cut
Russian Weekly Consumer Prices Rise for First Time Since May
Date: September 28, 2022
MOSCOW (Reuters) – Weekly consumer prices in Russia rose for the first time since May, data published on Wednesday showed, less than two weeks after the central bank hinted at the end to its monetary easing cycle and following weeks of declining retail prices. Russia’s consumer price index rose 0.08% in the week to Sept....
Sterling Drops Against Dollar as Bank of England Intervenes in Bond Market
Date: September 28, 2022
By Harry Robertson LONDON (Reuters) -Sterling dropped sharply on Wednesday after the Bank of England said it would step in to calm the UK government bond market, a sign of the turbulence that has rocked British assets since the government’s fiscal policy announcement late last week. The pound was down 0.65% to $1.0666, after hitting...
UK Gilt Prices Rocket After Bank of England Steps Into Market
Date: September 28, 2022
By Andy Bruce and William Schomberg LONDON (Reuters) -British government bond prices soared on Wednesday after the Bank of England said it would buy long-dated bonds in an effort to bring calm to the market and shelved plans to sell its stock of gilts for the time being. Finance minister Kwasi Kwarteng set out a...
Pound Drops More Than 1% as Bank of England Steps Into Bond Market
Date: September 28, 2022
By Harry Robertson LONDON (Reuters) -Sterling fell more than 1% against the dollar and euro on Wednesday after the Bank of England said it would step in to calm the UK’s frenzied bond markets. The pound was on track for its biggest monthly fall since October 2008, just after Lehman Brothers collapsed. The Bank said...
Bank of England to Buy Bonds to Stabilise Market
Date: September 28, 2022
LONDON (Reuters) – The Bank of England said on Wednesday it would start a temporary programme of bond purchases to stabilise the market, and postpone the planned start of its gilt sale programme. The BoE said it was keeping its goal to reduce its 838 billion pounds ($892 billion) of gilt holdings by 80 billion...
European Shares Pare Losses as BoE Seeks to Stabilise Markets
Date: September 28, 2022
By Devik Jain and Dhara Ranasinghe (Reuters) -European shares rallied from session lows on Wednesday led by UK’s blue-chip index after the Bank of England said it would purchase bonds to stabilise the market shaken by British government’s mini-budget. The continent-wide STOXX 600 index was down 0.7% by 1100 GMT, after falling nearly 2% earlier...