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Showing 41 - 50 of 79 results for "Bank Rate"

Canada economic growth changes gears

BENJAMIN ONG  |  THURSDAY, 7 SEP 2017
... Bank of Canada's (BOC) decision last night to raise its benchmark overnight rate by 25 basis points to 1% - and the Bank Rate and the deposit rate by the same to 1.25% and 0.75% - as having taken the markets by surprise. Most were expecting the Canadian ...

No 'Plan B' for Brexit "twist and turns"

BENJAMIN ONG  |  FRIDAY, 12 MAY 2017
There were no surprises at the Bank of England's (BOE) 11 May decision to keep the Bank Rate where it was since August 2016, when it was lowered from 0.5% to 0.25% to contain the fallout from the 'Brexit' vote of the previous month - a decision that's ...

Price-pressured

BENJAMIN ONG  |  WEDNESDAY, 22 MAR 2017
... credence to BOE monetary policy committee member Kristin Forbes' dissent - she "considered it appropriate to increase Bank Rate by 25 basis points" -- at the March meeting. Along with the low unemployment rate -4.7% in the three months to January 2017 ...

One Direction and the BOE

BENJAMIN ONG  |  MONDAY, 20 MAR 2017
... its 15-16 March FOMC meeting - the BOE did what markets expected, it maintained current monetary policy settings - the Bank Rate at a record low of 0.25% and maintained the stock of purchased assets at £435 billion on the 16th of the same month. But ...

Three for three

BENJAMIN ONG  |  FRIDAY, 3 FEB 2017
... markets expected when its monetary policy committee met on the 2nd of February. The BOE kept policy setting unchanged -- Bank Rate at a record low of 0.25% and asset purchases at 435 billion. Like the BOJ, the British central bank upgraded its 2017 growth ...

Central bank Olympics - the race is on

BENJAMIN ONG  |  MONDAY, 8 AUG 2016
... median at 1.3%. Target at 2.0% - 3.0%. But the Bank of England (BOE) outraced the RBA, delivering a 25 bps cut in its Bank Rate to 0.25% from 0.50% -- and an increase in its asset purchase ceiling to £435 billion from £375 billion and introducing a ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 15 JUL 2016
... after its 14 July policy deliberations - the first monetary policy committee meeting post-Brexit -- where it left the Bank Rate unchanged at 0.5% and maintained its asset purchases at £375 billion In its statement, the BOE declared that, "In the absence ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 17 JUN 2016
... achieving the price stability target. BOE on hold The Bank of England (BOE) sat on its hands and kept policy unchanged - Bank rate at 0.5% and asset purchases at £375 billion - on 16 June as it waited for the outcome of the 'Brexit referendum' scheduled ...

Easier for as long as necessary?

BENJAMIN ONG  |  MONDAY, 21 MAR 2016
... BOJ could "decide to cut rates further" and "there is room to do so". And while the BOE continues to expect the that "Bank Rate will need to increase over the forecast period," the rise would be gradual. The Swiss National Bank (SNB) also met and policy ...

Dear Chancellor

BENJAMIN ONG  |  WEDNESDAY, 17 FEB 2016
... services, are expected to diminish, in the absence of further downside shocks. Also, the MPC's judgement is that, were Bank Rate to follow the very gradually rising path implied by market yields, the remaining slack in the economy will be used up during ...