Markets

BoE's Pill expects QT gilt sales to continue for years

  • February 03, 2023 01:29 PM GMT | Reuters
 BoE's Pill expects QT gilt sales to continue for years

LONDON (Reuters) - The Bank of England is on track to reduce its quantitative easing gilts holdings following the timetable it planned last September, and is likely to continue sales for years to come

Read More...
Bank of England hints rates near peak after 10th hike

Bank of England hints rates near peak after 10th hike

  • February 02, 2023 04:16 PM GMT | Reuters

By William Schomberg and David Milliken LONDON (Reuters) - The Bank of England signalled the tide was turning in its battle against high inflation after it raised interest rates on Thursday for the

Read More...
Bank of England hints rates near peak after 10th hike

Bank of England hints rates near peak after 10th hike

  • February 02, 2023 04:16 PM GMT | Reuters

* Bank of England raises Bank Rate by 50 basis points * Governor Bailey sees inflation turning corner * But too soon to call victory, Bailey says * Two rate setters vote against rate hikes * Investors

Read More...
BoE's Bailey: outlook too uncertain to call time on rate rises - CNBC

BoE's Bailey: outlook too uncertain to call time on rate rises - CNBC

  • February 02, 2023 04:15 PM GMT | Reuters

LONDON, Feb 2 (Reuters) - Bank of England Governor Andrew Bailey said on Thursday that the central bank's decision to tone down its language on the need for higher interest rates did not mean rates

Read More...
Bank of England raises borrowing costs to 4%, hints rates near peak

Bank of England raises borrowing costs to 4%, hints rates near peak

  • February 02, 2023 01:30 PM GMT | Reuters

By William Schomberg and David Milliken LONDON (Reuters) - The Bank of England raised interest rates for the 10th time in a row on Thursday but dropped its pledge to keep increasing them "forcefully"

Read More...
Bank of England raises borrowing costs to 4%, hints rates near peak

Bank of England raises borrowing costs to 4%, hints rates near peak

  • February 02, 2023 01:29 PM GMT | Reuters

* Bank of England raises Bank Rate by 50 basis points * Governor Bailey sees inflation turning corner * But too soon to call victory, Bailey says * Two rate-setters vote against rate hikes * Investors

Read More...
Not clear that interest rates have peaked -BoE's Broadbent

Not clear that interest rates have peaked -BoE's Broadbent

  • February 02, 2023 01:04 PM GMT | Reuters

LONDON (Reuters) - The Bank of England's interest rate-setters remain "watchful" as it is not clear if interest rates in Britain have reached a peak, deputy governor Ben Broadbent said on Thursday. "

Read More...
Foreign investors buy record 38 bln pounds of UK government debt in December

Foreign investors buy record 38 bln pounds of UK government debt in December

  • January 31, 2023 03:02 PM GMT | Reuters

By David Milliken LONDON, Jan 31 (Reuters) - Overseas investors increased their holdings of British government bonds by a record 38.3 billion pounds ($47.2 billion)in December, reversing a sell-off

Read More...
Company insolvencies hit 13-year high in England and Wales

Company insolvencies hit 13-year high in England and Wales

  • January 31, 2023 11:47 AM GMT | Reuters

(Updates with comment from accountancy firm, context) By David Milliken LONDON, Jan 31 (Reuters) - More companies suffered insolvency last year in England and Wales than any time since 2009,

Read More...
England and Wales see most company insolvencies since 2009

England and Wales see most company insolvencies since 2009

  • January 31, 2023 10:40 AM GMT | Reuters

(Adds detail) LONDON, Jan 31 (Reuters) - More companies suffered insolvency last year in England and Wales than any time since 2009, government figures showed on Tuesday, reflecting the end of

Read More...
Bank of England holds first QE unwind auction of long-dated gilts

Bank of England holds first QE unwind auction of long-dated gilts

  • January 30, 2023 02:55 PM GMT | Reuters

LONDON, Jan 30 (Reuters) - The Bank of England sold 650 million pounds ($805 million) of long-dated gilts on Monday, in its first auction of bonds with a maturity of more than 20 years from its main

Read More...