News list for "Bank of England"
Taylor, a member of the Bank of England, said the basic expectation for a rate cut this year is about 100 basis points.
1. MUFJ: UK bond yields fell as inflation data strengthened the case for the Bank of England to cut interest rates in February. Given that the recent sell-off in government bonds has put pressure on the pound, UK bond yields fell or boosted the pound. 2. Deutsche Bank: Falling inflation in the UK clears the way for the Bank of England to cut interest rates in February. Inflation may pick up later, but the recovery may be temporary and is expected to fall near the target level next year. 3. ICAEW...
The Bank of England (BoE) has announced that it will establish a "Digital Pound Lab" in 2025 to conduct CBDC innovation experiments in a sandbox environment. According to the latest digital pound progress report released by the central bank, the lab will provide a CBDC API testing platform for the private sector to explore innovative application scenarios and business models. The Bank of England said it has in-depth understanding of user requests through surveys and working groups, and the lab w...
Citi said it now expects the Bank of England to start cutting interest rates in a row in August 2025, compared with a previous forecast for May. (Jin Ten)
On January 12, 2025, Li Yunze, Secretary of the Party Committee and Director of the State Financial Supervisory Administration, met with Andrew Bailey, Governor of the Bank of England. The two sides had friendly exchanges on topics such as macroeconomic situation, prudential supervision, financial consumer protection, and strengthening China-UK financial supervision cooperation.
Ms Britten, deputy governor of the Bank of England, said on Thursday that recent evidence supported a gradual rate cut but that measuring the appropriate pace of easing was tricky. "Recent evidence further supports the removal of policy constraints, which I expect to continue to be phased out over time," said Ms Britten, deputy governor for financial stability and seen as a centrist on the monetary policy committee, in a speech at the University of Edinburgh. She said that at this stage "...
The Bank of England kept the base rate at 4.75%, in line with market expectations, and cut rates by a total of 50 basis points this year. Analyst Irina said it was a bold move by the Bank of England to stick to its incremental guidance. The bank's rate-setters said monetary policy would need to remain restrictive for long enough until the risk of a sustainable return of inflation to the 2% target in the medium term dissipated further.
The Bank of England kept the base rate at 4.75%, in line with market expectations. This year, interest rates have been cut by 50 basis points. The Bank of England voted 6-3 to keep the base rate unchanged at 4.75%.
U.K. interest rate futures show the Bank of England will cut interest rates by about 45 basis points by the end of 2025, and Wednesday showed a cut of about 50 basis points.
The Bank of England will announce its interest rate decision at 20:00 Beijing time today. With the haze of "stagflation" lingering, the market generally expects the Bank of England to stay put at this meeting, and the focus will turn more to guidance for the future, but it is expected to remain cautious next year. Click to see more prospects > > >
Bank of England Monetary Policy Commissioner Dingra: Policy should be further relaxed.
The annual rate of CPI in the UK in October was 2.3%, compared with an expected 2.2% and a previous value of 1.70%.
The annual rate of inflation in Britain exceeded the Bank of England's target in October, and policymakers had said they would only gradually cut key interest rates, as expected. The Office for National Statistics reported on Wednesday that the CPI rose 2.3% year-on-year, up from 1.7% last month and slightly higher than economists' expectations of 2.2%. Core inflation was 3.3%, up from 3.2% last month. Policymakers had expected inflation to rebound after the announcement of a sharp increase in d...
The Bank of England cut interest rates by 25 basis points to 4.75%, in line with market expectations. The Bank of England said eight members voted for a rate cut of 25 basis points, and one member supported keeping it unchanged.
The Bank of England will announce the interest rate decision at 20:00 Beijing time today, and the market is expected to cut interest rates by 25 basis points in an 8-1 vote. However, the recent expansionary fiscal policy announced by the British government and the tight government bond market are intertwined, making the follow-up interest rate path full of uncertainty. The Bank of England will also release the latest economic forecast, which is expected to be raised from the forecast in August.
7x24 Newsflash
Hot News
