How BOE Went From Warning About 5% Rates to Closing In on Them

(Bloomberg) — The Bank of England has changed its outlook dramatically since inflation first breached the 2% target in May 2021, including huge forecast adjustments in the past few months alone.Most Read from BloombergThis New Airline Is Raising the Bar, From First Class to EconomyStock Traders Stay Calm About US Being on Cusp of DefaultRemote Work Comes With Daytime Drug and Drinking HabitsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoTesla Recalls Virtually Every
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Bank of England cuts rates to 0.1%, ramps up bond-buying

The Bank of England cut interest rates to 0.1% on Thursday, its second emergency rate cut in just over a week, and ramped up its bond-buying program in a fresh attempt to shield Britain’s economy from the coronavirus outbreak. The BoE’s Monetary Policy Committee voted unanimously for the cut
— Read on ca.finance.yahoo.com/news/bank-england-cuts-rates-0-144138851.html

Bank of England Drinks the Rate-Cut Kool-Aid

(Bloomberg Opinion) — The Bank of England’s language has shifted markedly this past week to signalling the next move in interest rates will be lower, and might happen as soon as Jan 30.Two members of its nine-person Monetary Policy Committee voted for a cut at the last meeting and now Governor Mark
— Read on ca.finance.yahoo.com/news/bank-england-drinks-rate-cut-113552453.html

Bank of England to Hold Rates as Clouds Gather Over Outlook

(Bloomberg) — Bank of England officials will probably keep policy on hold next week as they acknowledge that the economic outlook has worsened materially since May.All but one of the 24 economists surveyed by Bloomberg predict a unanimous vote to maintain the benchmark rate at 0.75%. The risk of a no-deal
— Read on ca.finance.yahoo.com/news/bank-england-hold-rates-clouds-050000793.html

Bank of England to mull access for likes of Facebook’s Libra

The Bank of England is open to letting new payment services such as Facebook’s upcoming Libra hold funds overnight with the central bank, something historically limited to commercial banks. Being part of the plumbing of the financial system could be a benefit to upstarts like Libra.
— Read on ca.finance.yahoo.com/news/bank-england-mull-access-likes-173151364.html

Bank of England to Keep Key Rate Unchanged as Outlook Darkens

All but one of the 20 analysts surveyed by Bloomberg predict a unanimous vote to keep the benchmark at 0.75%. Political turmoil, a lack of clarity about Britain’s departure from the European Union, weaker-than-expected economic data and signs the U.S. Federal Reserve is on course to reverse its recent
— Read on ca.finance.yahoo.com/news/bank-england-keep-key-rate-040000848.html