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Top related persons:
Commonwealth Bank of Australia's Joseph Capurso - 1 Shunichi Suzuki - 1 Rong Ren Goh - 1 Sterling - 1 BoE - 1 Goh - 1
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U.S United States
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U.S - 1 Federal Reserve - 1 dovish Bank of England - 1 Commonwealth Bank of Australia's - 1 Tokyo - 1 Japan's Finance - 1 Eastspring Investments - 1 Bank of England - 1

Search resuls for: "dovish Bank of England"


3 mentions found


☆ Dollar nurses losses after another set of soft jobs data
  + stars: | 2024-05-10 | by ( ) www.cnbc.com   time to read: +4 min
Against the Japanese yen, the dollar was trading at 155.39 yen , down from highs of 155.95 hit in the previous session. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, was flat at 105.25. "We note jobless claims are weekly data that can be very volatile from week to week," Commonwealth Bank of Australia's Joseph Capurso, said in a note. "The BoE's urgency and willingness to cut ahead of the Fed will continue to weigh on the currency," Goh said. Being added to the list makes it harder for U.S. suppliers to ship to the targeted entities.
Persons: Commonwealth Bank of Australia's Joseph Capurso, Shunichi Suzuki, Rong Ren Goh, Sterling, BoE, Goh Organizations: U.S, Federal Reserve, dovish Bank of England, Commonwealth Bank of Australia's, Tokyo, Japan's Finance, Eastspring Investments, Bank of England, Monetary, Committee, Fed, Treasury, Traders, PPI, Federal Locations: U.S, United States
☆ A More Dovish Bank of England Still Wants a Recession
  + stars: | 2022-11-03 | by ( Jon Sindreu | ) www.wsj.com   time to read: 1 min
The Bank of England Thursday announced an increase in its key rate to 3%. Judging by the Bank of England’s gloomy economic forecasts, U.K. interest rates won’t go as high as the market expects. Unfortunately for investors, the central bank also seems set to mostly ignore its own forecasts. On Thursday, the BOE announced an increase in its key rate by three-quarters of a percentage point to 3%—the highest level of borrowing costs since 2008. This comes a day after the Federal Reserve raised rates by the same amount, warning that they could go higher than previously expected.
☆ Bank of England set for biggest rate hike in 33 years, but economists expect dovish tilt
  + stars: | 2022-11-02 | by ( Elliot Smith | ) www.cnbc.com   time to read: +5 min
New Prime Minister Rishi Sunak has scrapped the controversial tax cuts at the heart of predecessor Liz Truss' fiscal policy agenda, meaning fiscal and monetary policy are no longer pulling in opposite directions. Deutsche Bank also expects a split vote on Thursday in favor of a 75-basis-point hike, taking the key interest rate to 3%. Deutsche Bank now expects the Bank Rate to reach 4.5% by May next year, down from its previous projection of 4.75%, on account of retreating fiscal stimulus and a push toward fiscal consolidation. watch nowBank of England Deputy Governor for Monetary Policy Ben Broadbent said in a recent speech that GDP would take a "pretty material" hit from such aggressive policy tightening. The Bank's August growth forecasts, which already pointed to a five-quarter recession, were based on a much lower Bank Rate of around 3%.
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