BOE's Bailey: I don't envisage the balance sheet returning to where it was before financial crisis
BOE GOV. BAILEY: I DON'T ENVISAGE THE BALANCE SHEET RETURNING TO WHERE IT WAS BEFORE FINANCIAL CRISIS.— Breaking Market News (@financialjuice) May 18, 2023
BOE GOV. BAILEY: IT'S IMPORTANT TO PROVIDE HEADROOM IN BALANCE SHEET.— Breaking Market News (@financialjuice) May 18, 2023
BOE GOV. BAILEY: QT IS NOT AN ACTIVE POLICY TIGHTENING INSTRUMENT.— Breaking Market News (@financialjuice) May 18, 2023
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Banking stress remains an issue in the US with the failure of First Republic Bank in early May. There are broader concerns around the ongoing viability of regional US banks, in ...
China's heavily managed yuan has dropped to multi-month lows and breached the closely watched 7-per-dollar level, and analysts who are predicting more weakness point to the U.S. ...
post at 3:13am: ECB’s Muller: It's Premature To Expect ECB To Cut Early In 2024
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post at 5:23am: Bank Of England's Ramsden: QT Will Be Gradual And Predictable, We Are Not Flying Blind post at 5:23am: BOE'S RAMSDEN: QT HAS SOME EFFECT ON ECONOMY, BUT IT IS FAIRLY SMALL. post at 5:24am: BOE'S RAMSDEN: WE HAVE NOT SEEN MARKET REACTION TO OUR QT ANNOUNCEMENTS. post at 5:29am: BOE'S RAMSDEN: WE WON'T DEFINITELY GO FOR £80 BLN OF QT FOR NEXT YEAR, AS WOULD MEAN SLOWER ACTIVE SALES. post at 5:30am: BOE'S RAMSDEN: THERE'S THE POSSIBILITY FOR US TO GO UP IN QT SALES, BUT DON'T SEE US GOING DOWN.
post at 5:27am: UK BOE DEP. GOV. BROADBENT: WE RECEIVED REPORTS THAT £100 BLN A YEAR OF QT COULD DISTURB MARKET LIQUIDITY, SO WE DECIDED ON £80 BLN.
The global debt pile grew by $8.3 trillion in the first quarter to a near-record high of $305 trillion as the global economy faced a “crisis of adaptation” to rapid monetary ...