Page 5 - Bank Of England

UK inflation hits 30-year high of 6.2% as finance minister readies response

Statistics Office highlighted household energy bills and petrol as the biggest drivers of inflation in February.

BoE hikes rates to pre-pandemic level, warns of living squeeze

The increase to 0.75%, was backed by eight of the bank's nine policy makers, with Deputy Governor Jon Cunliffe voting for no change.

Bank of England raises rates to 0.75%, less sure about future moves

The BoE said inflation was set to reach around 8% in April -almost a percentage point higher than it forecast last month - and warned it could peak even higher later in the year

Euro rises to one-week high on hopes for progress in Ukraine peace talks

New Fed projections showed policymakers ready to shift their inflation fight into high gear; most of them see the federal funds rate rising to a range between 1.75% and 2% by the end of 2022

Ukraine tension reins in euro, drives rush to safe-haven currencies

German Chancellor Olaf Scholz, who heads to Kyiv on Monday and Moscow for talks with President Vladimir Putin on Tuesday, warned of sanctions if Moscow invaded Ukraine

Dollar set for bruising week after ECB and BOE get more hawkish

The index, which measures the greenback against six major peers was at a three-week low of 95.271, having tumbled 2% this week - its biggest such fall since March 2020.

Bank of England hikes interest rates in clamour to contain inflation

The move follows hot on the heels of a rate hike in December, marking the first back-to-back increases in Bank Rate since 2004

ECB keeps policy unchanged as expected despite record inflation

After the ECB extended support measures only in December, policy change was not expected to be on the agenda

Dollar takes a break from this week's slide ahead of BoE, ECB meetings

Shares in Twitter and Spotify also fell and Nasdaq 100 futures dropped 2%, dragging on demand for currencies like the Antipodeans, said Westpac analyst Imre Speizer in Christchurch

Dollar takes a break from this week's slide ahead of BoE, ECB meetings

The risk-sensitive Australian and New Zealand dollars fell slightly in morning trade

UK's central bank under pressure as inflation reaches 30-yr high

Pressure is mounting on the Bank of England (BoE) to raise interest rates as the UK's Consumer Prices Index (CPI) in December 2021 hit its highest level since early 1992

BS Number Wise: Working in tandem on monetary policy

Central banks of the world are implementing coordinated rate reduction but such convergence is neither new nor permanent

Sensex sheds 889pts, Nifty gives up 17k; RIL, financials weigh; Infy up 3%

The BSE Midcap and Smallcap indices ended with losses of 2.4 per cent and 2.1 per cent, respectively. Declining stocks outpaced advancing shares in more than 2:1 ratio

BoE raises interest rate for first time in 3 yrs to tackle rising inflation

The Bank of England has raised the interest rate for the first time in more than three years amid surging inflation after cutting rate to record low during the Covid-19 pandemic.

Bank of England raises rates as inflation pressures mount

The BoE's nine-member Monetary Policy Committee voted by 8-1 to raise Bank Rate to 0.25% from 0.1%

World stocks march towards record highs ahead of ECB, BOE meetings

There was more drama in Turkey as the record low lira plunged another 3% ahead of its own central bank meeting

Inflation is the biggest test yet for independence of central banks

Today's inflation is due primarily to the disruption the pandemic has caused to key global supply chains

Investors buy post-Fed dollar dip, Bank of England sinks sterling

The Fed announced on Wednesday a $15 billion monthly cut to its $120 billion in monthly purchases of Treasuries and mortgage-backed securities

Bank of England defies markets by keeping interest rates on hold

Policy makers also updated forecasts for the economy, cutting the outlook for growth and increasing it for inflation

Global stocks rise as Fed tapers without tantrums, BoE takes the stage

Anxious eyes now turn to the Bank of England, which may kick off a rate hike cycle later in the day with uncertain implications for debt markets globally.