BoE pumps extra £150bn into economy as UK enters second lockdown
Government bond purchases to hit £895bn but bank avoids taking rates into negative territory
Monetary Policy
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Ruffer portfolio rises over 4% as defensive positioning pays off
Fund managers add to gold and linkers on expectation of central bank impotence
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Monetary and fiscal stimulus unleashed on markets – now what?
‘When you look at the different indices, it is very clear this is panic’
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Bank of England votes unanimously for rate hike
The Bank of England Monetary Policy Committee (MPC) has voted unanimously to raise rates to 0.75% at its August meeting.
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Multi-asset boutique increases European exposure
Boutique asset manager Kestrel Investment Partners is increasing exposure to Europe’s financial, telecom and pharmaceutical sectors on the back of the European Central Bank’s quantitative easing (QE) decision.
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Bank of England holds rates, but May a done deal
The Bank of England has voted seven-to-two to keep rates on hold at 0.5%, but the government’s recent signing of a Brexit transition deal means markets consider a May hike a done deal.
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Tilney: European consumer will prevent recession as fiscal policy flounders
Investors have been told to prepare for slower economic growth in the second half of the year, although a global recession should be avoided.
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Government launches monetary policy inquiry
The effectiveness of monetary policy implemented in the aftermath of the 2008 financial crash will be the focus of newly-launched government inquiry.
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PA ANALYSIS: Will the Fed turn its back on the world next year?
With a December interest rate rise now close to certain, investors will no longer be trying to assess when the Federal Reserve will raise rates next, but what the path will be after this.
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Bank of Japan’s new weapon in inflation fight gets mixed reception
With news overnight that the Bank of Japan has unveiled a new form of stimulus, professional investors and economists reacted with mixed enthusiasm.
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Are we nearly there yet?
With children now back at school and pubs starting to put up the Christmas decorations (I kid you not), the summer holidays already seem like a long time ago and the constant cries of ‘are we nearly there yet’ – only to have the little darlings fall asleep 20 minutes before you finally reach the…
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ECB goes into holding pattern
The European Central Bank decided to stick rather than twist today as it announced the deposit rate has been held at -0.4%, the refinancing rate held at zero, and the details of its €80bn per month quantitative easing programme are unchanged.