TEXT-Bank of England's Monetary Policy Summary
BANK OF ENGLAND MONETARY POLICY SUMMARY, SEPTEMBER 2024 The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.
Bank of England holds Bank Rate steady at 5%, urging sustainable path to target inflation
The Bank of England on Thursday held interest rates steady, saying it most work to reach its goal of 2% inflation in a sustainable way.
Bank of England’s Mann warns of ’embedded’ UK inflation risk after decision to hold
Given uncertainty over the likely performance of the US economy and the Fed’s response, Mann suggested that the Bank needed to be cautious. If the Bank took a “dovish” approach, for example, this could cause sterling to undergo a major deterioration, which would then feed through into import prices.
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
On Wednesday, the Fed became the latest major central bank to reduce borrowing costs, cutting its main interest by half of a percentage point to roughly 4.8% from a two-decade high of 5.3%, where it had stood for 14 months. It also signaled that there will be more cuts to come in the next few months.
Bank of England holds rates at 5%
The Bank of England has held interest rates at 5 per cent after inflation remained steady in August, but indicated it may lower borrowing costs again as soon as November. The Monetary Policy Committee’s eight-to-one decision on Thursday came after it cut borrowing costs by a quarter point at its meeting last month.
The Bank of England has 'some room' to cuts rates but it's unlikely, economist says
Yael Selfin, chief economist at KPMG UK, discusses the country's inflation data and what it could mean for the Bank of England's decision.
Why the Bank of England Won’t Follow the Fed
The BOE got ahead of the Federal Reserve by making its first cut since the Covid-19 pandemic at the beginning of August.
BOE’s Mann Says MPC Should Move Slowly Then Cut Aggressively
Bank of England policymaker Catherine Mann said she would prefer to keep rates higher for longer and then cut more ...
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Turkey sticks with 50% policy rate for sixth straight month
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BOE Vows Gradual Approach to Easing With Vote to Hold Rates
The Bank of England warned investors it won’t rush to ease policy, as it held fire on another cut in borrowing costs and ...
Text of the policy statement the Federal Reserve released Wednesday
WASHINGTON -- Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: ...
The Fed's Monetary Policy Conflict - Easing And Tightening Simultaneously
The Fed is about to cut the Fed Funds Rate by 25 basis points while maintaining Quantitative Tightening for the first time ...
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Brazil raises policy rate by 25bp in unanimous decision
The Central Bank of Brazil (BCB) has raised its policy rate by 25 basis points in a unanimous decision. Hours after the US ...
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Fed obliged to consider spillovers when adjusting monetary policy
As recent data show that inflation in the US has fallen below 3 percent, close to the 2 percent target the Fed had set, ...
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Text of Fed's Monetary Policy Statement
The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective. In assessing the appropriate stance of monetary policy, the Committee ...