UK Inflation Drops to Lowest Level in Over a Year
The pound has fallen back below $1.30, UK government bond yields have dropped sharply, and London's equity futures have jumped following the release of data that shows Britain's inflation has…
Bank of England Hikes Rate Again by 0.25 Percentage Points
(BoE) The Bank of England has further accelerated its policy tightening by voting to increase the bank rate by 0.25 percentage points to a higher 0.5%. The central bank’s Monetary…
BoE’s Reserve Balances Hit a Record Following Asset Purchase Program
(BoE) The Bank of England boosted the reserve balances on the balance sheet to a record of almost 900 billion pounds following the asset purchase program launched in March 2019…
BOE Hints at a Possible Rate Hike Despite Leaving Policy Unchanged
(BOE) The Bank of England maintained its benchmark rate at 0.1%, but said it could tighten policy to tame inflation which is seen rising above 4%. Fig: UK Price Pressures…
BOE Maintains Rate at 0.1%, Raises Inflation Forecasts as Price Pressures Persist
(BOE) The Bank of England voted unanimously to keep the bank rates unchanged at 0.1%, expecting inflation to rise further in the near term. The BOE Committee voted to continue…
The Launch of Bitcoin Is Highly Optimistic As Bank of England Solicits Feedback
(Bank of England) The Bank of England is evaluating the option of establishing its digital currency to complement the existing banknotes. The final decision has not been made on whether…
BOE Boosts 2021 Growth to 7.25%. Slows Bond Purchases
The Bank of England raised the economic growth from February’s projection of 5.0% to 7.25% this year, according to press release. The upgraded growth is the fastest since 1941 and…
Bank of England Maintains Bank Rate at 0.1%, Ramps up Stimulus Again
The Bank of England (BOE) Monetary Policy Committee (MPC) maintained the Bank Rate at 0.1% as focus shifts to meeting a 2% inflation target and supporting the economy, according to…