Carney warns of threat to open markets and monetarism
Bank of England governor Mark Carney made reference to Karl Marx as he delivered a warning of a backlash against open markets, monetarism and globalisation.
Bank Of England
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RBS stress test failure sends shares spiralling
Shares in RBS had fallen 5% top 187.2p by mid-morning on Wednesday after the bank emerged as the biggest failure in the Bank of England’s latest stress test scenario.
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UK rate cut on the cards despite inflation jump
The Bank of England is likely to cut rates yet again in 2017 despite the return of significant inflation to the economy, according to UBS Wealth Management.
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Inflation undershoot takes pressure off Carney
The Office for National Statistics has reported inflation dropped to 0.9% in October, slightly undershooting consensus forecasts of 1.1%.
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Bank of England talks down rate cut chances
The Bank of England has moved to play down the prospects of a further cut to the current UK base rate of 0.25%.
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BoE holds rates but November cut on the cards
The Bank of England’s Monetary Policy Committee unanimously voted to hold rates at 0.25% Thursday, but economists expect another rate cut will materialise in November.
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Shafik to swap BoE for LSE
Deputy governor for markets and banking at the Bank of England, Minouche Shafik, is to leave the bank two years into a five year term for a position as head of the London School of Economics.
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Sterling credit will ride BoE tailwind through UK slowdown – PIMCO
A month after the Bank of England’s stimulus announcement, PIMCO UK credit manager Ketish Pothalingam said there is still untapped value in sterling credit, which he bets will weather a 12-month slowdown in United Kingdom growth.
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Jupiter’s de Blonay eyeing opportunities in UK and EM financials
There are still opportunities to be found in United Kingdom financials according to Jupiter’s Guy de Blonay, and he favours insurance companies over the big UK banks in the current ‘lower for longer’ scenario.
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BoE’s monetary magic isn’t working for investors – Psigma
The Bank of England’s efforts to soothe the post-Brexit economy are discouraging savers from spending and pushing them into riskier investments, warned Tom Becket, Psigma CIO.
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BAML predicts November rate cut
Bank of America Merrill Lynch has forecast that the Bank of England will cut the base rate again in November.
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Last week’s IG fund inflows were largest ever
Last week’s inflows into sterling investment grade bonds hit a record high of $454m, according to Bank of America Merrill Lynch.