TEXT-Bank of England's Monetary Policy Summary
BANK OF ENGLAND MONETARY POLICY SUMMARY, SEPTEMBER 2024 The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.
Bank of England holds Bank Rate steady at 5%, urging sustainable path to target inflation
The Bank of England on Thursday held interest rates steady, saying it most work to reach its goal of 2% inflation in a sustainable way.
The Fed's Monetary Policy Conflict - Easing And Tightening Simultaneously
The Fed is about to cut the Fed Funds Rate by 25 basis points while maintaining Quantitative Tightening for the first time ever. Read more on QE and QT here.
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
On Wednesday, the Fed became the latest major central bank to reduce borrowing costs, cutting its main interest by half of a percentage point to roughly 4.8% from a two-decade high of 5.3%, where it had stood for 14 months. It also signaled that there will be more cuts to come in the next few months.
Fed obliged to consider spillovers when adjusting monetary policy
As recent data show that inflation in the US has fallen below 3 percent, close to the 2 percent target the Fed had set, expectations of a Fed rate cut had been growing. The slowed economic growth and the rise of the unemployment rate to 4.2 percent from 3.4 percent in early 2023 could be other reasons for the latest rate cut.
Bank of England holds rates at 5%
The Bank of England has held interest rates at 5 per cent after inflation remained steady in August, but indicated it may lower borrowing costs again as soon as November. The Monetary Policy Committee’s eight-to-one decision on Thursday came after it cut borrowing costs by a quarter point at its meeting last month.
The Bank of England has 'some room' to cuts rates but it's unlikely, economist says
Yael Selfin, chief economist at KPMG UK, discusses the country's inflation data and what it could mean for the Bank of England's decision.
Why the Bank of England Won’t Follow the Fed
The BOE got ahead of the Federal Reserve by making its first cut since the Covid-19 pandemic at the beginning of August.
The Citizen40m
Repo rate drops for the first time since 2020
The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to cut the repo rate by 25 basis points, ...
Intellinews on MSN10h
Turkey sticks with 50% policy rate for sixth straight month
By Akin Nazli in Belgrade The monetary policy committee (MPC) of Turkey’s central bank on September 19 kept its policy rate ...
‘Modest’ rate cut brings some relief to consumers
Overall, global conditions have become more favourable, but there are still risks.” The cut places the repo rate at 8%.
BOE Vows Gradual Approach to Easing With Vote to Hold Rates
The Bank of England warned investors it won’t rush to ease policy, as it held fire on another cut in borrowing costs and ...
Text of the policy statement the Federal Reserve released Wednesday
WASHINGTON -- Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: ...
Central Banking16h
Brazil raises policy rate by 25bp in unanimous decision
The Central Bank of Brazil (BCB) has raised its policy rate by 25 basis points in a unanimous decision. Hours after the US ...
Turkey Seen Awaiting More Evidence Before Starting to Cut Rates
Turkey’s central bank will probably keep its main interest rate unchanged for a sixth straight month, as a lack of ...
MarketWatch1d
Text of Fed's Monetary Policy Statement
The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective. In assessing the appropriate stance of monetary policy, the Committee ...