Bank of England set for 25bp hike barring further turmoil
Last month the Bank of England signalled it might finally be done with tightening, or at least that it was close. The Bank said it would monitor indicators of “inflation persistence”, which is code for being less swayed by month-to-month swings in single data points and is trying instead to get a sense of overall price-setting behaviour. Policymakers did indicate that the burden of proof was on seeing signs that inflation was firmly easing before stopping tightening. And by and large, that is what the data has shown since the February meeting. Wage growth, according to the latest official three-month annualised ... (full story)
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tweet at 10:45am: ECB'S CENTENO: A NUMBER OF FACTORS POINT TO AN INCREASE IN INFLATIONARY PRESSURES. tweet at 10:52am: ECB's Centeno: - A number of factors point to an increase in inflationary pressures -The issue is not so much the level of interest rates as it is the rate at which they are rising -The supply side is responsible for a large portion of the current inflation
I am happy to be back in this Parliament to discuss the ECB’s monetary policy shortly after last week’s Governing Council meeting. More than one year has now passed since that February morning when we all woke up to the horrifying news of war in Europe. The Russian invasion of Ukraine – which you have selected as a topic for this hearing – is first and foremost a human tragedy for the people of Ukraine. And in the face of this senseless atrocity, they have shown remarkable resilience and determination. In the words of the former President of this Parliament, José María Gil-Robles, who sadly passed away last month, “The future belongs to those who are prepared to make the effort to hear the voice of hope”.[ 1 ] As Europeans, we need to continue hearing the voice of ho tweet at 10:02am: #ECB LAGARDE: #INFLATION IS PROJECTED TO REMAIN TOO HIGH FOR TOO LONG - BBG *LAGARDE: KEY ECB INTEREST RATES REMAIN OUR PRIMARY TOOL *LAGARDE: FUTURE ECB MOVES TO DEPEND ON DATA tweet at 10:04am: ECB'S PRESIDENT LAGARDE: THE ECB IS CAREFULLY WATCHING MARKET DEVELOPMENTS. tweet at 10:05am: ECB'S PRESIDENT LAGARDE: THE EURO-AREA BANKING SECTOR IS STRONG.
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tweet at 10:56am: ECB's Lagarde: ‘Very Confident’ Capital And Liquidity Positions Of Euro Area Banks Are Well In Excess Of Requirements tweet at 11:01am: LAGARDE: ECB HAS MORE GROUND TO COVER BASED ON CURRENT BASELINE tweet at 11:02am: ECB'S PRESIDENT LAGARDE: ECB DETERMINATION ON INFLATION IS THERE AND STRONG. tweet at 11:09am: ECB’s Lagarde: Financial Tensions Could Dampen Demand, Do Some Work That Could Have Been Done With Monetary Policy - Will Understand Labor Market Better in the Spring - Attentive to Risk of Second-Round Effects tweet at 11:13am: ECB's Lagarde: Without Tensions, We Would Have Indicated That Further Hikes Would Be Needed
GBP/USD is trading at 1.2225, up 0.42% over the past 24 hours. The currency pair increased because of speculations that the BoE will raise interest rates this week. The Bank of ...
tweet at 12:02pm: ECB's Lagarde: Vulnerabilities in the Non-Bank Financial Sector Could Exacerbate Volatility and Asset Price Corrections tweet at 12:02pm: ECB'S LAGARDE SAYS INDIVIDUAL FINANCIAL INSTITUTIONS SHOULD CAREFULLY PRESERVE THEIR CURRENT LEVELS OF RESILIENCE, TO ENSURE THAT THEY COULD WEATHER A POTENTIALLY LESS FAVOURABLE ENVIRONMENT