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New BoE boss Bailey says won"t back immediate virus rate cut

The Bank of England should wait until it has more clarity about the economic hit from the coronavirus outbreak before making any decision to cut interest rates, its next governor Andrew Bailey said on Wednesday......»»

Category: topSource: reutersMar 4th, 2020

BoE"s Bailey orders banks to "put their backs into it" on COVID-19 loans

Bank of England Governor Andrew Bailey told Britain's banks to speed up lending to companies as the coronavirus crisis threatens to deliver a historic blow to the economy, urging them to "put their back into it and get on with it"......»»

Category: topSource: reutersApr 17th, 2020

BoE"s Bailey tells banks to "put their back into it" on COVID-19 loans

Bank of England Governor Andrew Bailey called on Britain's banks to speed up the pace of getting state-backed loans to companies that are struggling to survive the coronavirus crisis, saying they must "put their back into it and get on with it.".....»»

Category: topSource: reutersApr 17th, 2020

Market Extra: All eyes on Lagarde, as ECB meets following emergency interest rate cuts by Fed, Bank of England

The European Central Bank may be running low on firepower, but market volatility and falling inflation expectations tied to the COVID-19 outbreak provides growing pressure to act more aggressively than previously expected, analysts say......»»

Category: topSource: marketwatchMar 12th, 2020

Next BoE boss Bailey wants clearer view on coronavirus hit before rate decision

Andrew Bailey, the next governor of the Bank of England, said on Wednesday that he wanted to see more evidence about the economic impact of the coronavirus outbreak before deciding whether to cut interest rates......»»

Category: topSource: reutersMar 4th, 2020

London Markets: London stocks inch up after inflation data and more Bank of England rate-cut talk

U.K. stocks moved modestly higher on Wednesday, bucking more sluggish activity across Europe as investors focused on U.S.-China trade tensions, and weighed up some British data and Bank of England comments......»»

Category: topSource: marketwatchJan 15th, 2020

BOE surprises as two officials back rate cut

Two Bank of England officials unexpectedly voted to lower interest rates on Thursday to ward off an economic slowdown. David Pollard reports......»»

Category: videoSource: reutersNov 7th, 2019

The Fed: Dudley: I picked a fight with Trump because the Fed didn’t stand up for itself

Ex-New York Fed head William Dudley on Wednesday said he started a fight with President Donald Trump because he was concerned U.S. central bank officials had not pushed back on the president’s attack on interest-rate policy......»»

Category: topSource: marketwatchSep 4th, 2019

UK inflation falls back to target ahead of rate decision

Official figures show that inflation in Britain dipped in May, back to the Bank of England's target, amid lower air fares and car prices......»»

Category: topSource: foxnewsJun 19th, 2019

UK inflation back above official target as energy costs rise

Official figures show that inflation in Britain rose in April above the Bank of England's target rate following an uptick in energy prices and airfares......»»

Category: topSource: foxnewsMay 22nd, 2019

UK pound drops as central bank chief tempers rate hike talk

The British pound is falling from post-Brexit highs after the Bank of England's governor tempered market expectations of another interest rate hike next month......»»

Category: topSource: foxnewsApr 20th, 2018

Currencies: Dollar edges back for second day, with U.S. inflation data on deck

The U.S. dollar edged back Thursday as the British pound strengthened before the Bank of England unveils its latest rate decision. Data on U.S. consumer price inflation for April is due......»»

Category: topSource: marketwatchMay 10th, 2018

Currencies: Dollar under pressure as Bank of England rate-hike comments lift pound

The dollar pulls back for a second session Tuesday, with a strong pound crimping the buck’s ascent......»»

Category: topSource: marketwatchMay 22nd, 2018

London Markets: FTSE 100 edges lower as pound climbs after strong retail sales data

U.K. stocks tipped lower on Thursday after the pound rallied on the back of better-than-expected retail sales data that brought an August Bank of England rate rise back in play......»»

Category: topSource: marketwatchMay 24th, 2018

Europe Markets: FTSE 100 pulls back as investors brace for possible U.K. rate hike

U.K. stocks fall, weighed on by strength in the pound, as traders get ready for a hefty week of central bank policy meetings, which could deliver an interest rate increase by the Bank of England......»»

Category: topSource: marketwatchJul 30th, 2018

The inflation fight has stalled and the first rate cut won"t happen until December, Bank of America says

"The acceleration of inflation this year makes a cut p.....»»

Category: dealsSource: nytApr 11th, 2024

Bank of England governor Andrew Bailey reportedly said he believes cryptocurrencies are "dangerous"

"I'm skeptical about crypto-assets, frankly, because they're dangerous and there's huge e.....»»

Category: topSource: businessinsiderMay 24th, 2021

Global stocks gain after US jobs and oil demand data fuel economic optimism ahead of the Bank of England rate decision

US jobs and oil demand data boosted markets, a.....»»

Category: topSource: businessinsiderMay 6th, 2021

London Markets: Pound and gilt yields inch higher as Bank of England says it will slow bond purchase rate

The pound wobbled and the yield on short-term U.K. bonds edged higher on Thursday, after the Bank of England said the pace of continuing government bond purchases can be "slowed somewhat.".....»»

Category: topSource: marketwatchMay 6th, 2021

European Central Bank holds interest rates and bond-buying steady as it weighs up the eurozone"s recovery

The ECB's main interest rate will stay at -0.5%, while the coronavirus bond-buying package will stay at 1.85 trillion euros ($2.23 trillion). Christine Lagarde is the president of the European Central Bank. Olivier Matthys/Pool via Reuters The .....»»

Category: topSource: businessinsiderApr 22nd, 2021