PREVIEW-Slower growth, high inflation make awkward reading for Bank of England [Reuters]
Bank of America Corporation (BAC)
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Source: Reuters
By Andy Bruce 5 Min Read * Bank of England publishes rate decision on Sept 23 * Policymakers voted 7-1 to maintain QE programme in Aug * 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 b
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News
- U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown [The New York Times]The New York Times
- Bank Of America Thinks '2024 Is Starting To Look Like 2015 But In Reverse' While Jamie Dimon Warns 2024 Looks Like The 1970s [Yahoo! Finance]Yahoo! Finance
- U.S. Economy Grew at 1.6% Rate in First Quarter Slowdown [The New York Times]The New York Times
- BGC Group's FMX Futures gets funding from banking consortium [Reuters]Reuters
- Lutnick Lands Wall Street Giants for His Futures Fight With CME [BNN Bloomberg (Canada)]BNN Bloomberg
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Sec Filings
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