monetary-policy
Top StoriesBank of England Statement on Purchase of Long-Dated Bonds
Top StoriesWhite House’s Deese, Asked About UK Economic Plans, Stresses ‘fiscal Prudence’
Top StoriesCalls Grow for UK to Reverse Fiscal Policy After Market Turmoil
Top StoriesHungary Ends Massive Rate Hikes With One Last 125 Bps Step
Sterling Higher as BoE, Treasury Seek to Calm Markets, Outlook Remains Cautious
Date: September 27, 2022
By Samuel Indyk LONDON (Reuters) -The British pound was higher against the dollar on Tuesday, a day after hitting a record low, as the Bank of England and UK Treasury attempted to soothe market concerns after the government announced a raft of unfunded tax cuts. The battered pound hit an all-time low of $1.0327 on...
Inflation Expectations Still Anchored Even Though Price Hike Longer: Centeno
Date: September 27, 2022
By Sergio Goncalves LISBON (Reuters) -Inflation expectations are anchored to the European Central Bank’s medium-term target even though consumer price rises will be steeper and longer than originally thought, European Central Bank governing council member Mario Centeno said on Tuesday. “In Europe there is no de-anchored inflation expectations,” Centeno said, adding that “five-year inflation swaps...
Swiss National Bank’s Maechler Determined to Bring Down Inflation
Date: September 27, 2022
ZURICH (Reuters) -The Swiss National Bank will do “everything” to reduce inflation, governing board member Andrea Maechler said on Monday, saying last week’s rate hike was intended to signal the central bank’s determination to fight price increases in Switzerland. “We have tightened monetary policy and raised interest rates to send a clear signal that we...
Euro Zone Yields at Multi-Year Highs, Italian Bonds Underperform
Date: September 26, 2022
By Stefano Rebaudo (Reuters) -Euro zone government bond yields jumped to multi-year highs amid expectations that central banks will keep tightening their monetary policy despite recession risks and a new sell-off in British gilts. Meanwhile, the spread between Italian and German yields widened after the rightist coalition won a clear majority in Sunday’s elections. Italian...
Bank of England Says It “will Not Hesitate” to Raise Rates
Date: September 26, 2022
By David Milliken and Muvija M LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Monday that the BoE “will not hesitate” to raise interest rates if needed to meet its 2% inflation target, and that it was watching financial markets “very closely” following sharp moves in asset prices. Sterling fell to a record...
Sterling Hits Record Low, BoE Fails to Spark Recovery
Date: September 26, 2022
By Joice Alves LONDON (Reuters) – Sterling fell back towards an all-time low against the dollar on Monday, after a statement from the Bank of England (BoE) disappointed market expectations for an emergency rate hike to shore up the battered British currency. In a tumultuous day, sterling dived to a record low in Asian trade,...