The Fed has suggested that it has paused its rate hikes. It is not the first developed-country central bank to do so and others could be joining soon, such as ECB, BoE.
A few developed-country central banks have already paused their policy tightening and others, notably the Federal Reserve and Bank of England, are expected to do so...
The last week’s Fed, ECB and BoE meetings have been notable for the slightly more dovish, or hopeful comments from bank leaders.
Should central banks try to guide the public’s expectations of interest rates?
The Fed, ECB, BOE and SNB all hiked 50-bps while Norges Bank announced a smaller 25-bps hike.
Last week, the BoE told the market that it is wrong to expect the base rate to rise in the way that’s factored into the implied money market curve.
Just recently we’ve seen two instances of intervention: FX intervention by the Bank of Japan (BoJ) and Bank of England (BoE) intervention in the gilt market.
The British pound's value versus the US dollar hit an all-time low. Many people thought that the sterling crisis of the 1970s would recur.
The Bank of England delivered an absolutely dire set of forecasts; probably worse than it would have ever thought possible.
There’s little doubt that the pound could prove vulnerable once again if trade continues to slump and global investment flows stall.
It doesn’t seem that long ago that central bankers and finance ministers wanted weak currencies.
Major central banks are pushing on with rate hikes and, from what we’ve already been told, the likes of the Fed, BoE and ECB will be unveiling new or further hikes in...
Most central banks want workers to keep wage demands down so that their economies do not enter a dangerous wage/price spiral. But there are already plenty of signs that...
It is fair to say that the Bank of England faces the most difficult choices of any G10 central bank when it comes to policy rates.
This week is likely to see rate hikes from the Fed and BoE, and a possible default on external debt by Russia. But as big as these events are, it will still be the...
Bank of England Governor Bailey argued that he does not see changes in the global economy that suggest interest rates will return to the levels seen before the global...
The issue of quantitative tightening by central banks has come onto the radar screen in the past month as the Fed revealed that it had talked about allowing maturing...
GBP has been very steady for some years now. The question for 2022 is whether this stability will persist.
A quick look at the front end of the money markets in the US and UK tells you that traders and investors are primed for a relatively modest rate-hike cycle although...
Mounting inflationary pressure and more rate hikes should ensure that bond yields continue to climb.
Not for the first time, central bankers in advanced countries such as the US and UK have been accused of being too woke.
Central banks have issued new policies are suited to fighting the “new” war, which is against inflation, not deflation.
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