-
Bank of England expected to make a statement today- Sky News
Bank of England expected to make a statement today- Sky News
— DailyFX Team Live (@DailyFXTeam) September 26, 2022
Added at 7:49am
-
Live news: Bank of England statement expected today - as next interest rate hike could be highest in decades
A statement is expected from the Bank of England today, Sky News understands. It comes after a morning of unprecedented turbulence for the pound, which has fallen to historic lows. There are concerns that this could fuel inflation, something the Bank of England is tasked with keeping under control. • The UK's largest banks will be tested against a new scenario as the Bank of England examines their resilience. The scenario includes: UK GDP falling by 5% over the first year UK unemployment more than doubling to 8.5% Residential property prices falling by 31% over the first year Inflation peaking at 17% in 2023 and ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Sep 26, 2022 7:38am Sep 26, 2022 7:38am
- Guest
- | IP XX.XXX.214.197
- Comment #2
- Quote
- Sep 26, 2022 7:49am Sep 26, 2022 7:49am
- qmtd
- | Joined May 2019 | Status: Member | 15 Comments
- Comment #3
- Quote
- Sep 26, 2022 8:47am Sep 26, 2022 8:47am
- frontier
- | Joined Dec 2012 | Status: Member | 146 Comments
- Comment #4
- Quote
- Sep 26, 2022 9:05am Sep 26, 2022 9:05am
- Guest
- | IP XXXX:d724:2c30
- Comment #5
- Quote
- Sep 26, 2022 9:36am Sep 26, 2022 9:36am
- MaverickCT
- | Joined Jan 2011 | Status: Member | 372 Comments