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Stock impact report

PREVIEW-Slower growth, high inflation make awkward reading for Bank of England [Reuters]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: Reuters
* Two new officials join Monetary Policy Committee * Delta variant hit growth in July, inflation jumped in August * Analysts expect first rate rise some time in 2022 LONDON, Sept 17 (Reuters) - Bank of England rate-setters who may be tempted to vote next week for an early end to their COVID-19 stimulus plans are likely to hold off for now, with a slowing economy but surging inflation making for a tricky backdrop. Last month, Michael Saunders was the only Monetary Policy Committee member to vote here for an early end to the British central bank's purchases of government bonds, on the basis that continued buying risked a more aggressive tightening of monetary policy in future. Since then, BoE Governor Andrew Bailey revealed here that four of the eight MPC members who voted last month - himself included - thought some initial conditions had been met to begin exploring the possibility of raising interest rates. They will have to weigh data showing Britain's economy slowed her Show less Read more
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