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23.09.26 - 10:36
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BOE Officials Leave London for Leeds to Set Interest Rates (Bloomberg)
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Barring remote sessions during Covid, the UK's rate setters have gathered in London to make their decision at every meeting since the Bank of England gained independence over monetary policy. From next year, the Old Lady of Threadneedle Street will split the duty with Leeds....
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21.09.26 - 14:12
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Fears over interest rate rise and jobs send UK consumer confidence to three-year low (The Guardian)
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Blow to John Healey before budget as UK households face 'notable strain' on their financesBusiness live – latest updatesFears of a steep rise in mortgage payments and increasing job insecurity have sent UK consumer confidence tumbling to a three-month low, according to a leading survey.In a blow to John Healey before next month's budget, the S&P Global consumer sentiment index dropped to 42.7 in September from 42.9 in August, indicating “a notable strain on financial confidence across UK households”. Continue reading......
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17.09.26 - 18:48
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The Bank of England is shaking up its bond sales – why does it matter? (The Guardian)
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What the plan to sell £146bn in gilts back to the Treasury means for the public financesBank of England holds interest ratesBurnham's talk of 'breathing space' at odds with reality of future rate risesMixed in with the Bank of England's decision on Thursday to hold interest rates at 3.75% was a surprise announcement that it was shaking up its programme of quantitative tightening.So why is this apparently arcane change to QT important, and what does it mean for the public finances? Continue reading......
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17.09.26 - 17:18
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Bank of England holds interest rates at 3.75% but warns war could force future rises (The Guardian)
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Central bank announces surprise plan to sell billions of pounds in government bonds back to the TreasuryBurnham's talk of 'breathing space' at odds with reality of future rate risesBusiness live – latest updatesThe Bank of England has kept interest rates on hold as it warned a continuation of the bitter fighting in the Middle East could force it to raise borrowing costs amid mounting fears over inflation.It also announced a surprise plan to sell billions of pounds in UK government bonds back to the Treasury to avoid fuelling turbulence in the gilt market, a decision that could have significant consequences for the public finances before next month's budget. Continue reading......
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