Please try another search
English (South Africa)
Economy21 minutes ago (Jan 26, 2022 10:15)
LONDON (Reuters) – BNP Paribas (PA:BNPP) now expects the the Bank of England to raise UK interest rate hikes by 0.25% next month, rather than wait until May as previously forecast.
“With the Covid backdrop improving and inflation continuing to surprise to the upside, we now expect the Bank of England to raise interest rates by 0.25% on 3 February, versus our prior expectation of a May hike,” the bank’s chief European economist Paul Hollingsworth said in a research note on Wednesday.
In doing so, the BoE would kick start the process of balance sheet reduction. Hollingsworth added, however, that the BoE was still likely to deliver a more gradual pace of rate hikes than is currently priced into markets.
BNP Paribas brings forward BoE rate hike call to Feb
LONDON (Reuters) – Sterling held at $1.35 on Wednesday, recovering from the three-week low hit in the previous session, as some calm in stocks led traders to buy back into…
BERLIN (Reuters) – Germany will host the main finance meeting of its presidency of the Group of Seven economic powers from May 18-20, the Rheinische Post newspaper reported on…
By Anisha Sircar (Reuters) -European shares extended gains on Wednesday and were on track for their best session since early December, as investors braced for any hints of faster…
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.