All the updated news related to monetary policy

All the news related to monetary policy updated in real time

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Kwarteng faces massive market turmoil after disastrous day for sterling

Kwasi Kwarteng is contending with massive market turmoil sparked by his tax-cutting mini-budget as a disastrous day for the pound saw Labour take its biggest poll lead over Tories for more than 20 years. The pound steadied in early trading in Asian ...

27 Sept 2022 at 08:44

Next Budget set for spring, Chancellor confirms after drama in money markets

The Chancellor will deliver a Budget next spring, the Treasury confirmed on Monday, as part of a move to settle the markets as the pound slumped to historic lows following Friday’s mini-budget. Downing Street had earlier signalled plans to push ...

26 Sept 2022 at 18:53

Bank says it will ‘not hesitate’ to intervene over market turmoil

The Bank of England has said it “will not hesitate” to raise interest rates to prop up the value of sterling after a day of turmoil on the markets which saw the pound slump to its lowest level for at least half a century. Chancellor Kwasi ...

26 Sept 2022 at 19:27

Bank of England will change rates ‘as much as needed’ to control inflation

The Bank of England will change interest rates by “as much as needed” to get inflation back under control from current runaway levels, Governor Andrew Bailey said on Monday after a market rout sparked by the Government’s mini budget. ...

26 Sept 2022 at 17:55

Kwarteng is ‘confident’ growth plan will work despite market turmoil

Chancellor Kwasi Kwarteng has said he is “confident” his tax-cutting strategy to drive economic growth will work despite the turmoil on the financial markets. In talks with City investors in the wake of Friday’s mini-budget, Mr ...

27 Sept 2022 at 15:44

Chancellor to meet with City investors after budget sparks market chaos

Kwasi Kwarteng is meeting with City investors to discuss a package of deregulation as he contends with massive market turmoil sparked by his tax-cutting mini-budget. The Chancellor will meet with pension funds, insurers and ...

27 Sept 2022 at 11:24

Bank’s action calms gilts market but signals panic and frustration, experts say

The Bank of England has been forced to apply “plasters on the financial wounds created by the Government” after announcing it was launching an emergency gilt-buying programme in efforts to calm financial markets, experts ...

28 Sept 2022 at 15:17

Bank warns of ‘significant’ rate rises as Kwarteng says his plan will work

The Bank of England has signalled it is ready to ramp up interest rates to shore up the pound as Chancellor Kwasi Kwarteng insisted he was “confident” his tax-cutting strategy will deliver the promised economic growth. ...

27 Sept 2022 at 18:39

Kwarteng urged to change course by International Monetary Fund

There is international pressure on Kwasi Kwarteng to change course after his mini-budget spooked the markets with its package of tax cuts and increased borrowing. In an extraordinary statement, the International ...

27 Sept 2022 at 22:54

Kwarteng seeks to calm City nerves after IMF urges a change of course

Kwasi Kwarteng will step up efforts to reassure the City about his economic plans after the International Monetary Fund criticised the measures and the Bank of England signalled sharp interest rate rises could ...

28 Sept 2022 at 02:40

UK to be hit by drawn-out recession and 13% inflation, Bank warns

Britons face two years of tumbling household incomes with inflation set to soar to more than 13% and the economy plunging into the longest recession since the financial crisis, the Bank of England has warned. ...

04 Aug 2022 at 17:43

City

Warning over 15% inflation as rates set for fastest rise in nearly 30 years

The Bank of England is widely expected to hike rates by the highest level in nearly three decades on Thursday after experts warned that inflation could peak at 15%. Decision makers on the Bank’s Monetary ...

03 Aug 2022 at 14:18

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