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29.05.26 - 15:00
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Bank of England′s Bailey says no rush to raise interest rates amid Iran war uncertainty (The Guardian)
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Inflation can be tolerated above 2% target for now 'given context of softness in real economy', governor saysBusiness live – latest updatesThe Bank of England is in no rush to raise interest rates while the outcome of the Iran war remains uncertain and the UK's growth rate stays weak, the governor, Andrew Bailey, said.In a signal that borrowing costs will remain at 3.75% at least during the summer, Bailey said it was tolerable for inflation to stay above the Bank's 2% target during the current crisis. However, that would change if a more permanent increase in prices began to take effect. Continue reading......
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29.05.26 - 12:18
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BOE May Bear Temporary Above-Target Inflation to Support UK, Bailey Says (Bloomberg)
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The Bank of England could temporarily tolerate inflation staying above its 2% target in order to support the UK's weak economy, Governor Andrew Bailey said, so long as second-round price effects do not emerge. “Given the context of softness in the real economy and uncertainty around the scale and duration of the shock, tolerating temporarily above-target inflation to provide some support for the real economy is an appropriate way to approach the trade-off,” Bailey said at an economic conference in Reykjavík, Iceland. (Source: Bloomberg)...
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27.05.26 - 11:00
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A 30% rally in BOE Tech shows how AI buildout can galvanise Chinese LCD maker (SCMP)
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BOE Technology is on investors' radar screens again after announcing its foray into a business linked to artificial intelligence infrastructure, causing the stock price of the Chinese maker of liquid-crystal displays (LCDs) to rally following years of listlessness.
Yuan-denominated shares of the world's biggest LCD maker have surged more than 30 per cent in Shenzhen over the past week after the company said last week that it would partner with Corning, the US manufacturer of optical fibres and......
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21.05.26 - 15:36
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Britain′s politicians need to worry less about the bond markets – and more about the Bank of England | Daniela Gabor (The Guardian)
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A new model of central banking would weaken the power of bond vigilantes – and help progressive politicians pay for transformative changeDaniela Gabor is professor of economics and macrofinance at Soas, University of LondonA spectre is haunting British politics: the bond markets.Defending Keir Starmer after the disastrous local election results earlier this month, the chancellor, Rachel Reeves, warned that a leadership contest would trigger the wrath of those investors who lend the state money by buying and selling UK government bonds (also known as gilts). The prospect of Andy Burnham winning that contest prompted shriller warnings: the left-leaning contender, after all, had dared to suggest governments should stop “being in hock” to the bond markets.Daniela Gabor is professor of economics at Soas, University of London Continue reading......
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15.05.26 - 13:01
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Wochenausblick: KW 21 (Helaba)
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Fed: Kevin „Thomas Becket“ Warsh? Kevin Warsh löst Jerome Powell als Fed-Chef ab. Im Interesse der US-Wirtschaft ist zu hoffen, dass Konflikte mit Präsident Trump nicht lange auf sich warten lassen.. --- Deutschland: Unternehmensbefragungen stehen an. Mehr als zehn Wochen Irankrieg gehen nicht spurlos an den deutschen Unternehmen vorbei. Das ifo Geschäftsklima dürfte im Mai erneut schlechter ausfallen.. --- Großbritannien: Führungskrise trotz solidem Wirtschaftswachstum. Das Wirtschaftswachstum fiel im ersten Quartal gut aus. Trotzdem führt die steigende Inflation zu hohen Renditen bei Staatsanleihen. Premierminister Starmer kämpft um seinen Posten..
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