Company
PRIVATE:BOE
The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people. The Bank was established in 1694 to act as banker to the Government. We are still owned by the Government, but we set monetary policy independently.
678 stories · page 21 of 34
A second intervention in the bond market, in as many days, has done little to calm the markets with analysts suggesting much now depends on the chancellor restoring credibility in the UK's finances in his next fiscal statement.
The Bank said there has been a “further significant repricing of UK government debt, particularly index-linked gilts”, which could threaten the UK’s financial stability
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Comment of the DayVideo commentary for October 10th 2022A link to today's video commentary is posted in the Subscriber's Area. Some of the topics discussed include: bond yields continues to march higher, UK yield curve control will soon be
The greenback hits parity with the Swiss franc for second time this year
Yields on 30-year gilts rose above 4.5%, their highest level since going over 5% just before the BoE’s intervention on September 28, while ten-year gilt yields also increased by 2.5 basis points to 4.25%
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Sir Jon Cunliffe, deputy governor of the Bank of England, has explained how the unprecedented slump in gilt prices forced the Bank's emergency bond-buying programme last week, which rescued pension funds from disaster
Concerns about liability driven investment strategies (LDIs) have hit the headlines after they were at the centre of the market chaos last week following the mini-budget which almost collapsed a number of defined benefit pension schemes
Peston tweeted that Odey had reversed his short position when Kwarteng became chancellor
The Bank of England bought no bonds yesterday, almost none on Monday, and very little last week
Australia's central bank hiked by a quarter of a percent rather than the half-point expected - though AUD is seen by many as less undervalued versus USD than other G10 currencies
A typical two-year fixed mortgage deal is currently 5.75%, up from 4.74% on the day of the mini-budget as lenders scramble to reprice deals after the recent financial turmoil
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Gabriella Dickens, senior UK economist at Pantheon Macroeconomics, said today’s UK manufacturing PMI numbers confirmed the sector “is on the brink of a recession”
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Comment of the DayBig Picture Long-Term Video September 30th 2022A link to this week's Big Picture Long-Term video is posted in the Subscriber's Area. CIOs Waiting for Cloud Investments to Pay OffThis article from the Wall Street Journal ma
Britain's financial watchdog asked lenders exactly what options borrowers have when their fixed-rate mortgage terms end, with around 3.2mln customers expected to have to renew their deals within two years
Sterling claws back against US dollar for third day in a row
The deputy governor, Dave Ramsden, was speaking following the Bank of England's intervention yesterday.
Between Friday and today a total of 1,621 residential mortgage products have been withdrawn leaving 2,340 on sale today.
The property market has been defying the doomsters for months but that could finally be about to change following the chaos unleashed by Kwasi Kwarteng’s mini-budget, a report in The Guardian said
Former Bank of England governor Mark Carney told the BBC the government's tax-cutting measures were "working at some cross-purposes" with the BoE
