Bank of England: One more hike in August and a pause – Rabobank By MSalordFX BOE Banks
voting for a 50 bps hike. Analysts from Rabobank expect one more 25 bps hike in August, before the Monetary Policy Committee takes a pause and re-assesses.set to contract this quarter, the MPC is hiking into a slowdown. It risks inflicting a deeper recession on the economy; bringing down inflation creates a lot of collateral damage.”
“The sterling effective exchange rate has fallen by 5% year-todate, with particular weakness against the. This could not only be attributed to a weakening growth and political outlook, but also to widening interest rate differentials with the United States. This places the central bank in a perilous spot: if it does too little, imported cost pressures keep flowing in, if it does too much, it will only intensify the recession.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of England hikes interest rates again as inflation heads towards 11%Bank of England raises UK interest rates by 0.25 points to 1.25% in an effort to tame spiraling inflation, despite fears over growth
Read more »
US central bank ponders huge rate hike to combat price surgeThe US Federal Reserve is poised to raise borrowing costs Wednesday amid the troubling acceleration of inflation, with the only question being whether officials will opt for the biggest hike in nearly three decades or a smaller step up.
Read more »
European Central Bank Announces Emergency Meeting to Discuss Market RoutThe European Central Bank announced an unscheduled monetary policy meeting for Wednesday, at a time when bond yields are surging for many governments across the euro zone.
Read more »
Bank of Canada's Official: Crypto Needs Regulation Before It Becomes 'a Lot Larger' – Regulation Bitcoin News'We don't want to wait until it gets a lot larger before we bring regulatory controls in place,' said the senior deputy governor of the Bank of Canada. crypto cryptocurrency bitcoin $BTC
Read more »
Tarrant Area Food Bank running low on food donations while demand increasesTAFB says they are struggling right now. Fewer donations over the last two months have depleted their food supply. And it’s not just one product. It’s all of them.
Read more »
Crypto bank Protego beefs up advisory boardProtego Trust Bank has appointed five Wall Street veterans to its advisory board as it gears up for a full launch this year.
Read more »