The Bank of England looks on track to raise interest rates by three quarters of a percentage point to 3% later on Thursday, its biggest rate rise since 1989 as it battles the highest inflation in 40 years.
by the same amount to 1.5% last week. But the Fed said future rate rises might come in smaller steps.The BoE's task is made especially tricky by a lack of clarity over government policy.
The government's energy subsidies are due to cease in April, so the BoE may forecast a fresh peak for inflation when it updates its forecasts on Thursday. Investors expect the BoE's Bank Rate to hit 3.5% in December and 4.75% next May - the highest since 2008 though below the peak of around 6% projected during last month's market turmoil.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bank of England set for biggest rate hike in 33 years, but economists expect dovish tiltThe market expects the Bank of England to raise interest rates by 75 basis points on Thursday, its largest hike since 1989.
Consulte Mais informação »
Central Bank Watch: Fed Speeches, Interest Rate Expectations Update; November Fed Meeting PreviewFed tone was hawkish in September and October, although few FOMC members began to soften their tone. The Fed may slowdown its pace of tightening once the calendar turns to 2023. Overall, markets expect 75-bps hike this week.
Consulte Mais informação »
Westchester County woman says she's a victim of a bank scam experts call 'account takeovers'A Westchester County woman says she lost more than $30,000 to a sophisticated bank scam. Experts told LisaRoznerTV on Tuesday the scams are called 'account takeovers' and in the last several months, the incidents have increased.
Consulte Mais informação »
Singapore bank DBS uses DeFi to trade FX and state securitiesFX and government securities' trading can benefit from DeFi, DBS Bank found within a study backed by the Monetary Authority of Singapore.
Consulte Mais informação »
Dan Snyder Hires Bank of America Securities for Potential Sale of Washington CommandersOwner Dan Snyder and the Washington Commanders announced that they have hired Bank of America Securities to explore the sale of the NFL franchise.
Consulte Mais informação »
Dan Snyder Hires Bank of America Securities for Potential Sale of CommandersOwner Dan Snyder and the Washington Commanders announced that they have hired Bank of America Securities to explore the sale of the NFL franchise.
Consulte Mais informação »