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US Fed, ECB, Bank of England poised to keep interest rates on hold

US Fed, ECB, Bank of England poised to keep interest rates on hold

Sun, Dec 10, 2023

In a crunch week for the global economy, the US Federal Reserve, Bank of England (BoE) and European Central Bank are expected to keep interest rates at their current restrictively high levels to ensure inflation continues to fall back from the highest levels in decades, The Guardian reported.

BoE to allow EU banks to operate in UK as normal after Brexit: BBC

BoE to allow EU banks to operate in UK as normal after Brexit: BBC

Wed, Dec 20, 2017

The Bank of England will allow European banks to continue selling their services in the United Kingdom without having to create expensive subsidiaries after Brexit, even if no divorce deal is struck between London and Brussels, the BBC reported.

Number of UK workers edges down again, but pay growth picks up pace

Number of UK workers edges down again, but pay growth picks up pace

Wed, Jan 18, 2017

The number of people in work in Britain fell for a second time in a row in the three months to November, official data showed on Wednesday, a latest suggestion that the Brexit vote may be making employers nervous about hiring.

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Fitch affirms British debt rating, outlook negative

Fitch affirms British debt rating, outlook negative

Sat, Dec 10, 2016

The Fitch ratings agency on Friday affirmed the AA long-term debt rating and negative outlook for the United Kingdom (UK) and the Bank of England (BoE), when they have been since June.

Bank of England's Governor Mark Carney likely to leave in 2018: Report

Bank of England's Governor Mark Carney likely to leave in 2018: Report

Sun, Oct 30, 2016

Bank of England (BoE) Governor Mark Carney is unlikely to take up the option of a three-year extension to his term at the central bank, and may announce his decision as soon as on Thursday, British newspapers reported at the weekend.

Gold edges up as bargain hunters step in after falls

Gold edges up as bargain hunters step in after falls

Thu, Oct 06, 2016

Gold edged higher on early Thursday as bargain hunters stepped in to buy after the metal hit fresh three-month lows in the previous session, ahead of Friday's non-farm payrolls report. Fundamentals

Global monetary easing moves hit 200th milestone since January 2015

Global monetary easing moves hit 200th milestone since January 2015

Wed, Sep 28, 2016

Armenia does not often take the global financial spotlight but a routine rate cut by the tiny former Soviet republic this week marked a global milestone - the 200th case of policy easing worldwide since the start of last year.

Global stock index rises, led by Europe; pound weakens

Global stock index rises, led by Europe; pound weakens

Wed, Aug 10, 2016

An index of global stocks climbed to its highest level in nearly a year on Tuesday, led by European shares, while the British pound weakened on the prospect of easing monetary policy in the country.

Bank of England cuts rates for first time since 2009, restarts bond purchases

Bank of England cuts rates for first time since 2009, restarts bond purchases

Thu, Aug 04, 2016

"Following the United Kingdom`s vote to leave the European Union, the exchange rate has fallen and the outlook for growth in the short to medium term has weakened markedly," the central bank said in its quarterly Inflation Report.

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