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14.09.26 - 18:00
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Key Events This Week: Fed, BOJ And BOE; Also Retail Sales, Import Prices And Bessent (ZeroHedge)
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Key Events This Week: Fed, BOJ And BOE; Also Retail Sales, Import Prices And Bessent
It's a bumper week for central bank decisions, with the Fed (Wednesday), BoE (Thursday) and BoJ (Friday) all meeting. Central banks aside, key data releases include US retail sales (Wednesday) and industrial production (Friday), UK inflation (Wednesday) and labor market data (Tuesday), economic activity in China (tomorrow), and inflation and trade in Japan (Friday and Wednesday respectively). Other events include the annual testimony of the US Treasury Secretary namely Bessent (tomorrow), and the State of the Union address in Europe (Wednesday).
Delving into more detail now, DB's Jim Reid writes that the main event for markets will be the Fed's decision on Wednesday. Deutsche economists have long expected a 25bp rate hike with the market now at 87% this morning up from around 35% two Friday's ago just before Warsh's Jackson Hole speech. Such a move would take the target range to 3.75%-4.00%. DB economist...
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14.09.26 - 15:09
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Bank Of England Spends £85k Researching How Best To Erase Churchill (ZeroHedge)
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Bank Of England Spends £85k Researching How Best To Erase Churchill
Authored by Steve Watson via Modernity News,
The Bank of England has spent more than £85,000 of research money to justify wiping Winston Churchill, Jane Austen, J.M.W. Turner and Alan Turing off Britain's banknotes and swapping them for hedgehogs, foxes and puffins.
A Freedom of Information trail shows Savanta was paid £49,000 to run focus groups that told officials historical figures were "elitist and divisive."
Another £22,500 went on public consultations about which animals should replace them. The Bank called the result a "positive evolution," not censorship.
Bank of England spent £85,000 on research to justify dropping Winston Churchill and other British heroes from banknotes https://t.co/gtu6zPAEZ5
— Daily Mail (@DailyMail) September 12, 2026
The October 2025 Savanta report, delivered months before the nature theme was announced, warned that portraits of notable Britons were "contentious ...
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13.09.26 - 14:48
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Surging inflation puts interest rates back in focus as policymakers meet in Japan, US and UK (The Guardian)
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Iran war and turbulent global bond markets add to pressure as rate decisions loom this week in major western economiesEconomics viewpoint: perilous UK economic conditions trace back to TrumpCentral bankers in economies including the US, Japan and the UK will face a moment of truth this week, as surging inflation raises the prospect of higher interest rates.Policymakers in all three countries will set rates in the next seven days against the backdrop of turbulent global bond markets. Continue reading......
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08.09.26 - 20:18
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Bank of England′s tricky balancing act in dealing with global bond shock | Letter (The Guardian)
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Complicated trade-offs raise the issue of whether the government needs to change its relationship to the Bank of England, says Prof Costas MilasYour editorial (The Guardian view on the global bond shock: Andy Burnham should take note, 1 September) implicitly suggests that the global bond shock will bring firmly into focus our government's fiscal responsibility.Fiscal responsibility is a precondition for avoiding a further rise in the UK's cost of borrowing. Nevertheless, fiscal policy has to be considered together with monetary policy. In fact, the current rise in UK yields poses a huge challenge for the Bank of England's policymakers, who will make their next decision on UK interest rates on 17 September. This is when the Bank's monetary policy committee (MPC) will announce the amount of government bond sales (or quantitative tightening, QT) to be pursued over the next 12 months. Continue reading......
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08.09.26 - 20:18
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UK government pays highest interest rate on 30-year bond since 1998 (The Guardian)
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High yields threaten to wipe out at least half of the £24bn headroom John Healey was expecting to have for his budgetThe UK government was forced to pay the highest interest rate for a 30-year bond since 1998 on Tuesday, underlining the fiscal challenges facing the chancellor, John Healey.Echoing the global bond market sell-off that has driven up yields, or interest rates, on government borrowing across the main markets, the Treasury paid 5.82% to borrow £4bn. Continue reading......
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