News Muncher - searching for cut

1 month ago

Bank of England’s Newest Rate-Setter Shows Dovish Leaning

-- The Bank of England may cut interest rates faster than markets are betting if the economy weakens, according to its newest rate-setter Alan Taylor. In his first public appearance since joining the Monetary Policy Committee, Taylor told UK lawmakers on Tuesday that higher mortgage costs and a “wait-and-see” approach by consumers and businesses are “weighing on the economy.” “If …

Taylor Rates Bailey Boe Bloomberg Economics

1 month, 2 weeks ago

BOE Likely to Cut Rates Amid Budget, Trump’s Election

Bloomberg

00:00 All of the economists in our survey expect a quarter point cut today. Ever since Rachel Reeves sat down from her speech, you saw the gilt market reaction because this is the biggest fiscal loosening in decades. But also Jp morgan Asset Management's Karen Ward saying that if there is a fiscal response to Trump's tariffs, then actually that …

Trump

1 month, 2 weeks ago

UK's central bank cuts interest rate

China Daily

By Earle Gale in London | chinadaily.com.cn | Updated: 2024-11-07 22:35 Pedstrians pass the Bank of England, Britain's central Bank, in London, on November 7, 2024. The United Kingdom's central bank, the Bank of England, or BoE, cut its base interest rate on Thursday, to 4.75 percent from 5 percent, in a move seen as a declaration that rampant inflation …

Inflation Bank Interest Rates Rate Cut Interest Rate 5 Percent

1 month, 2 weeks ago

Harris Concedes Election to Trump With Republican Clean Sweep in Sight | Daybreak: Europe 11/07/2024

Bloomberg

00:00 TOM: THIS IS BLOOMBERG DAYBREAK: EUROPE I'M TOM MACKENZIE IN LONDON. > > WE HAVE INFLATION BACK BELOW THE BANK OF ENGLAND'S 2% TARGET, SO IT IS NAILED ON THIS QUARTER-POINT CUT TODAY, SO THE FOCUS IS ON THE PATH AHEAD BUT YOU HAVE SPANNERS THROWN INTO THE WORKS, RACHEL REEVES' BUDGET AND THE GILT MARKET, THE BIGGEST LOOSENING …

Europe France London Political Congress Trump Germany

1 month, 2 weeks ago

Trump Policies Cloud Bank of England’s Path to Future Rate Cuts

Live Mint

The Bank of England is all but assured to cut interest rates by another quarter point this week, but a second US presidential term for Donald Trump has cast new uncertainty over future policy easing in the UK. Ward agreed that a rate cut on Thursday was “a done deal, as adding to market volatility by not cutting would not …

Policy Europe China Trade Inflation Trump Rate

1 month, 2 weeks ago

A Third of UK Prices Basket Is in Deflation, Analysis Finds

Live Mint

A third of Britain’s official “shopping basket” has slipped into deflation, providing another green light for the Bank of England to cut interest rates. The analysis of the UK inflation basket suggests that the cooling in price pressures is at least for now becoming more widespread, welcome news for Prime Minister Keir Starmer’s new Labour government. “Firms are more reluctant …

Inflation Bank Rate Energy Prices Boe Services Prices

4 months, 3 weeks ago

Bank of England lowers benchmark rate to 5 pct, first cut in 4 years

China Daily

LONDON -- The Bank of England has voted to cut its benchmark interest rate to five percent, the United Kingdom's central bank said in a statement on Thursday. At a meeting on Wednesday, the BoE's Monetary Policy Committee voted by a majority of 5-4 to reduce the interest rate by 0.25 percentage point, to 5 percent. This is BoE's first …

Inflation Bank This Year Cut Mpc Boe Benchmark Rate

4 months, 3 weeks ago

Bank of England lowers benchmark rate to 5 pct, first cut in 4 years

China Daily

LONDON -- The Bank of England has voted to cut its benchmark interest rate to five percent, the United Kingdom's central bank said in a statement on Thursday. At a meeting on Wednesday, the BoE's Monetary Policy Committee voted by a majority of 5-4 to reduce the interest rate by 0.25 percentage point, to 5 percent. This is BoE's first …

Bank This Year Rate Cut Mpc Boe Lowers Benchmark

6 months, 3 weeks ago

RBI brings back 100 tonnes of India's gold held in UK, more to follow: How domestic gold reserves shows a robust. confident economy

Op India

In a significant move, the Reserve Bank of India has brought back 100 tonnes of gold to its domestic vaults for the first time since early 1991. RBI bringing back chunks from its gold reserves in the Bank of England reflects India’s economic strength and confidence. In response to the devastating economic situation, the Chandra Shekhar government decided to pledge …

India Russia Sanctions Indian Gold Bank Venezuela

9 months ago

Interest rates held – but a small early interest rate cut could be on the cards to help borrowers

The Independent

Is there light at the end of the tunnel for Britain’s borrowers, who have endured an extended spell of high interest rates? However, it clears the way for a modest easing of the current “restrictive” policy that is squeezing Britain’s economy even as it struggles to escape last year’s shallow recession. Chancellor Jeremy Hunt’s latest Budget is expected to grow …

Inflation Cent Cut Britain Mpc Boe Rates Held

10 months, 2 weeks ago

ECB, BOE Shouldn't Wait for Fed to Cut Interest Rates

Hindustan Times

-- With the US economy continuing to dodge recession, the Federal Reserve appears to be in no rush to cut interest rates. US Treasury yields have risen around 20 basis points across the curve this year, and even if the first rate cut isn't first-quarter business, it'll probably happen before summer. Fed Chair Jerome Powell is keeping his options open, …

Economy Europe Inflation Bank Interest Rates Central Fed

2 years, 2 months ago

Explained | Britain’s week of market turmoil and the tax cut reversal

The Hindu

The story so far: On Monday, October 3, recently elected United Kingdom Prime Minister Liz Truss was forced to reverse plans to bring in Britain’s highest tax cuts in 50 years, after a “minibudget” presented by her Finance Minister Kwasi Kwarteng set in motion a tumultuous week for the country’s markets. Announcing the reversal and acknowledging that the budget plan …

Market Tax British Bank Interest Rates Interest Intervention

2 years, 4 months ago

UK braces for long recession after biggest interest rate hike in 27 years, ASX rises to two-month high

ABC

The Australian share market has risen to its highest level since early June, despite oil prices plummeting overnight as the Bank of England announced its biggest interest rate hike in 27 years and warned of a long recession for Britain. Regulatory hurdles facing cryptocurrencies, rising interest rates and the Ukraine crisis have affected investors' appetite for riskier assets, pulling bitcoin …

Energy Ukraine Russia Market Bitcoin Prices Interest Rates

3 years, 5 months ago

Bank of England to crack down on 'secretive' cloud computing services

The Hindu

Cloud computing providers to the financial sector can be "secretive", and regulators need to act to avoid banks' reliance on a handful of outside firms becoming a threat to financial stability, the Bank of England said on Tuesday. Banks and other financial firms are outsourcing key services to cloud computing companies such as Amazon, Microsoft and Google to improve efficiency …

Financial Cloud Computing Cloud Bailey Computing Boe

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Articles for Boe, search results for cut

Bank of England’s Newest Rate-Setter Shows Dovish Leaning

BOE Likely to Cut Rates Amid Budget, Trump’s Election

UK's central bank cuts interest rate

Harris Concedes Election to Trump With Republican Clean Sweep in Sight | Daybreak: Europe 11/07/2024

Trump Policies Cloud Bank of England’s Path to Future Rate Cuts

A Third of UK Prices Basket Is in Deflation, Analysis Finds

Bank of England lowers benchmark rate to 5 pct, first cut in 4 years

Bank of England lowers benchmark rate to 5 pct, first cut in 4 years

RBI brings back 100 tonnes of India's gold held in UK, more to follow: How domestic gold reserves shows a robust. confident economy

Interest rates held – but a small early interest rate cut could be on the cards to help borrowers

ECB, BOE Shouldn't Wait for Fed to Cut Interest Rates

Explained | Britain’s week of market turmoil and the tax cut reversal

UK braces for long recession after biggest interest rate hike in 27 years, ASX rises to two-month high

Bank of England to crack down on 'secretive' cloud computing services