-
As UK election looms, Bank of England set to sit tight on rate
The Bank of England was set to hold its interest rate steady on Thursday despite slowing UK inflation, with higher price risks and Britain's looming election preventing a cut, according to analysts. Ahead of the 1100 GMT announcement, the Swiss National Bank unveiled a second straight interest-rate cut, after becoming in March the first Western central bank to slash borrowing costs that had been raised to battle inflation. Norway froze rates Thursday. The BoE was widely forecast to keep its cost of borrowing at 5.25 percent, a 16-year high, following a regular monetary policy meeting. While UK inflation slowed in May ... (full story)
- Comments
- Subscribe
-
- Older Stories
From abc.net.au|Jun 20, 2024After 13 interest rate hikes that sent home loan repayments soaring, we still have an inflation problem. Actually, make that 17. The Reserve Bank may have lifted rates on 13 ...
From snb.ch|Jun 20, 2024As Chairman of the Governing Board, it is my pleasure to welcome you to the news conference of the Swiss National Bank. I would also like to welcome all those who are joining us ...
From @financialjuice|Jun 20, 2024post: SNB'S CHAIRMAN JORDAN: SWISS INFLATION DRIVEN BY PRICES FOR DOMESTIC SERVICES. post: SNB'S CHAIRMAN JORDAN: SWISS FRANC HAS SIGNIFICANTLY INCREASED IN THE PAST WEEKS. post: SNB'S CHAIRMAN JORDAN: UNDERLYING INFLATION PRESSURE HAS DECREASED. post: SNB'S CHAIRMAN JORDAN: THE SNB IS WILLING TO BE ACTIVE IN THE FOREX MARKETS AS NECESSARY. post: SNB'S CHAIRMAN JORDAN: FRANC APPRECIATION IS DUE TO POLITICAL UNCERTAINTIES.
-
- Newer Stories
From xm.com|Jun 20, 2024GBPJPY is heading upwards again after the selling interest in the previous week and the bounce off the 198.90 support level. The market is ready to test the 16-year high of ...
From bankofengland.co.uk|Jun 20, 2024The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its ...
From cnbc.com|Jun 20, 2024The Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at a time when sentiment over monetary policy easing remains mixed ...
- Story Stats
- Posted: Jun 20, 2024 6:05am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,663
- Linked events:
