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Search ResultsShowing 1 - 10 of 72 results for "Bank Rate"
Chief economist update: COVID with a vengeance
BENJAMIN ONG  |  WEDNESDAY, 13 JAN 2021
... scheduled meeting on the February 4. At its December 2020 meeting, the UK central bank voted unanimously to maintain Bank Rate at a record low of 0.1% and the size of its bond-buying program at £875 billion. Then again, at the time, it expected that ...
Chief economist update: More money for reimposed lockdown
BENJAMIN ONG  |  FRIDAY, 6 NOV 2020
... purchase target by a larger-than-expected £150 billion (expectations were for £100 billion addition) - but kept the Bank Rate steady at 0.10%. Money and more money sent the FTSE-100 index to a near three-week high. The BOE's decision factored in ...
Chief economist update: RBA negative on negative interest rate policy
BENJAMIN ONG  |  WEDNESDAY, 23 SEP 2020
... Committee (MPC) report that: "The MPC had been briefed on the Bank of England's plans to explore how a negative bank rate could be implemented effectively, should the outlook for inflation and output warrant it at some point during this period of ...
Chief economist update: Australia on top despite recession
BENJAMIN ONG  |  FRIDAY, 4 SEP 2020
... Brexit negotiations -- so much so that the Bank of England (BOE) and the Exchequer remain on their toes. The BOE kept the Bank Rate unchanged at its July meeting after it maintained the Bank Rate at a record low 0.1% in June and it increased its GILT ...
Chief economist update: UK plans for jobs
BENJAMIN ONG  |  THURSDAY, 9 JUL 2020
... the pandemic so much so that the Bank of England (BOE) and the Exchequer remain on their toes. While the BOE kept the bank rate unchanged at a record low 0.1% at its latest meeting in June, it increased its GILT purchases by £100 billion - taking the ...
Chief economist update: COVID-19 nightmare makes Brexit a dream
BENJAMIN ONG  |  THURSDAY, 18 JUN 2020
... Minister Boris Johnson, himself, became infected with the virus. The Bank of England went to work. After keeping the Bank Rate steady at 0.75% since 2018, it chopped 50 basis points to it in an emergency meeting in early March and by another 40 basis ...
Chief economist update: Annus horribilis with a vengeance
BENJAMIN ONG  |  FRIDAY, 8 MAY 2020
... 2020 would be it. While the Bank of England (BOE) to keep monetary policy settings unchanged at its May meeting - the Bank Rate at a record low 0.1% and purchases at £645 billion - it's also predicting that Britain would experience its worst recession ...
Chief economist update: Brexit - the news that was
BENJAMIN ONG  |  FRIDAY, 10 JAN 2020
... of £60 billion (US$113 billion) of asset purchases. This is equivalent to around a 100 basis point reduction in the Bank Rate - currently at 0.75%.
Chief economist update: Global easing
BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
... faces a no-confidence vote. The Bank of England (BOE) despite earlier alluding to higher interest rates, has kept the Bank Rate on ice since it lifted it by 25 bps to 0.75% this time last year while at the same time maintaining "the stock of UK government ...
Chief economist update: The UK is not OK
BENJAMIN ONG  |  MONDAY, 12 AUG 2019
... The continuing deterioration in the UK's economic fundamentals has ignited BOE rate cut speculations. But with the Bank Rate at 0.75% -- just 50 bps above its record low of 0.25% -- and QE still in place, it's not the liquidity and the cost of ...
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