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Feb 1, 2024
02/24
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we are not exectin: bank of england today? we are not exoecting any _ bank of england today?nd today? we are not expecting any move at _ bank of england today? we are not expecting any move at all- bank of england today? we are not expecting any move at all from - bank of england today? we are not| expecting any move at all from back ring them. we are expecting rates to be held firm at 5.25%. after 1a hikes there now to a 15 year high and expected to stay that way. what markets are really going to be looking at today is to see exactly how the bank of england have voted this time around. have any of the members voted for a hike, like they did last time out? we have three members saying that they felt that interest rates should go up even further. have all of them voted to keep rates where they are? have any of them voted for a cut? that is what markets are looking for. they are looking for guidance from andrew bailey to tell them when they can expect to see those cuts to start to come in. �* ., , i. come in. and what is your expectation? _ come in. and what is your expectation
we are not exectin: bank of england today? we are not exoecting any _ bank of england today?nd today? we are not expecting any move at _ bank of england today? we are not expecting any move at all- bank of england today? we are not expecting any move at all from - bank of england today? we are not| expecting any move at all from back ring them. we are expecting rates to be held firm at 5.25%. after 1a hikes there now to a 15 year high and expected to stay that way. what markets are really going...
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Feb 14, 2024
02/24
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the bank of england is cautious. _ sooner rather than later? the bank of england is cautious.er than later? the bank of england is cautious. and that. sooner rather than later? the bank of england is cautious. and that is| of england is cautious. and that is partly because it does not want to sound complacent because prices were allowed to grow so quickly over the past two years and that is partly their fault. past two years and that is partly theirfault. at past two years and that is partly their fault. at the past two years and that is partly theirfault. at the bank past two years and that is partly their fault. at the bank of england is now quite confident that by the spring inflation can fall down to 2%. it may be below 2% by the summer. the bank of england are sending a signal to markets that it is confident. just two weeks ago a cave —— might it gave a nod that it might start to lower interest rates a nd might start to lower interest rates and it would not do that unless it was confident that it could lower interest rates in line with these expectations. fin interest rate
the bank of england is cautious. _ sooner rather than later? the bank of england is cautious.er than later? the bank of england is cautious. and that. sooner rather than later? the bank of england is cautious. and that is| of england is cautious. and that is partly because it does not want to sound complacent because prices were allowed to grow so quickly over the past two years and that is partly their fault. past two years and that is partly theirfault. at past two years and that is partly...
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Feb 2, 2024
02/24
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of england governor andrew bailey says the bank of england could be on track after the central bankotes to keep rates on hold. >> there are many that view the market taking is not one i projected. >>> the big event yesterday was the bank of england meeting. as we spoke about on the show, the big surprise immediately was the fact that two members of the committee opted to vote for a rate hike and one voted for a cut. the majority voted no change some of the language with further tightening has been taken out. the market paid attention to the inflation forecast which showed the inflation forecast does drop significantly below 2% if rates are kept where they are today. some bits were hawkish and some were dovish. overall, this is the reaction in the pound tf it is trading up 15 basis points 127.60 is where we are after that decision came out yesterday. we did see a bounce in the pound. >>> this is what is happening with the gilt picture today. we are coming off yield levels three or four basis points higher two-year gilt at 4.3%. of course, we did see a big hawkish reaction in the fixe
of england governor andrew bailey says the bank of england could be on track after the central bankotes to keep rates on hold. >> there are many that view the market taking is not one i projected. >>> the big event yesterday was the bank of england meeting. as we spoke about on the show, the big surprise immediately was the fact that two members of the committee opted to vote for a rate hike and one voted for a cut. the majority voted no change some of the language with further...
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Feb 14, 2024
02/24
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the bank of england won't think— than later? the bank of england won't think we _ than later?land won't think we are _ than later? the bank of england won't think we are out _ than later? the bank of england won't think we are out of - than later? the bank of england won't think we are out of woods| than later? the bank of england i won't think we are out of woods yet and will be looking at the level of domestic inflation and expect that to come down further first. that domestic inflation and expect that to come down further first.- to come down further first. at the market, to come down further first. at the market. the _ to come down further first. at the market, the impact _ to come down further first. at the market, the impact of _ to come down further first. at the market, the impact of inflation i to come down further first. at the market, the impact of inflation is| market, the impact of inflation is clear. , , market, the impact of inflation is clear. , ~ , ., clear. just keeping head above water, ticking _ clear. just keeping head above water, ticking over. _ clear. j
the bank of england won't think— than later? the bank of england won't think we _ than later?land won't think we are _ than later? the bank of england won't think we are out _ than later? the bank of england won't think we are out of - than later? the bank of england won't think we are out of woods| than later? the bank of england i won't think we are out of woods yet and will be looking at the level of domestic inflation and expect that to come down further first. that domestic inflation and...
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Feb 1, 2024
02/24
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it’s economics editor, faisal islam, who was at the bank of england.- was at the bank of england.as at the bank of england. it's an interesting decision _ was at the bank of england. it's an interesting decision in _ was at the bank of england. it's an interesting decision in the - was at the bank of england. it's an interesting decision in the sense . interesting decision in the sense that rates have been kept on hold at five and a quarter percent but we have had the first three—way split of this kind since the financial crisis of 2008 and that's to say you have had members of the 9—member committee to vote where rates should be going in different directions. something the majority is found should be held on to found the true god but one felt that there should be a cut in interest rates. thus the first single vote on this committee for a cut since 2008, surrey, since the pandemic in 2020. and it goes to show that they are definitely turning the tank around. the monetary policy minutes changed the language for the first time, taking away the idea they were worried about inflation
it’s economics editor, faisal islam, who was at the bank of england.- was at the bank of england.as at the bank of england. it's an interesting decision _ was at the bank of england. it's an interesting decision in _ was at the bank of england. it's an interesting decision in the - was at the bank of england. it's an interesting decision in the sense . interesting decision in the sense that rates have been kept on hold at five and a quarter percent but we have had the first three—way split...
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Feb 15, 2024
02/24
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and bank of england and then the bank of england did start raising interest rates. and start raising interest rates. an youlation has come and start raising interest rates. an you quite has come and start raising interest rates. an you quite rightly me and start raising interest rates. an you quite rightly said, and as you quite rightly said, inflation is now on its way down. there's a much deeper down. but there's a much deeper problem, about why problem, which is about why we've a low growing we've got such a low growing economy had such economy and have had for such a long time, which is we don't invest enough neither our business is nor our public sector invests and sector invests enough. and that's from. that's where growth comes from. growth. comes from growth. growth comes from productivity improvements, growth so on. productivity improvements, grovrwe so on. productivity improvements, grovrwe are so on. productivity improvements, grovwe are consistently so on. productivity improvements, grovwe are consistently the» on. and we are consistently the lowest inve
and bank of england and then the bank of england did start raising interest rates. and start raising interest rates. an youlation has come and start raising interest rates. an you quite has come and start raising interest rates. an you quite rightly me and start raising interest rates. an you quite rightly said, and as you quite rightly said, inflation is now on its way down. there's a much deeper down. but there's a much deeper problem, about why problem, which is about why we've a low growing...
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Feb 1, 2024
02/24
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we will have more on that bank of england interest rate - bank of england interest rate decision whenut 15 or 16 minutes' time thereabouts. no change expected. dojoin me later. a short—term fix but no long—term solution. it a short-term fix but no long-term solution. ., , ., a short-term fix but no long-term solution. . , ., ., , solution. it was a main employer in the village. — solution. it was a main employer in the village, 40,000 _ solution. it was a main employer in the village, 40,000 visitors - solution. it was a main employer in the village, 40,000 visitors a - solution. it was a main employer in | the village, 40,000 visitors a year. all of those needs somewhere to be fed, watered and we need to keep it as a viable location. it is one of the major stops on hadrian wall. {jut the ma'or stops on hadrian wall. out of the major stops on hadrian wall. out of adversity came a home—grown solution. the community would buy the pub. to do that, they are selling shares in the samson. the rest of the money they need will, it is hoped, come from the government's levelling up fund. the si
we will have more on that bank of england interest rate - bank of england interest rate decision whenut 15 or 16 minutes' time thereabouts. no change expected. dojoin me later. a short—term fix but no long—term solution. it a short-term fix but no long-term solution. ., , ., a short-term fix but no long-term solution. . , ., ., , solution. it was a main employer in the village. — solution. it was a main employer in the village, 40,000 _ solution. it was a main employer in the village,...
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Feb 1, 2024
02/24
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tom: the bank of england's next up with expectations of a core inflation forecast potentially opening the door to guidance on using. earnings season rolls on with european banks taking center stage, and deutsche bank says it will cut 3500 jobs. we will bring you the numbers work bmp and julius baer. the red head as her mother's job cuts, but the buyback would always begin focus for analysts, and the detail is coming through with 675 million euros being outlined in terms of plans for a buyback. the q4 was amiss for deutsche bank in terms of what this all in terms of tech sales and trading revenue coming in low estimates. net revenue in the fourth quarter missing in terms of estimates coming in at 6.6 billion euros. the estimates had been for 6.8 billion. we hear from the cfo later this hour. that interview 6:30 a.m. london time. we will also bring you the latest in terms of earnings coming through from the dutch financial company ing with the redhead crossing out and the focus is on the net interest income given expectations rates will be moving lower for the ecb. coming in below estim
tom: the bank of england's next up with expectations of a core inflation forecast potentially opening the door to guidance on using. earnings season rolls on with european banks taking center stage, and deutsche bank says it will cut 3500 jobs. we will bring you the numbers work bmp and julius baer. the red head as her mother's job cuts, but the buyback would always begin focus for analysts, and the detail is coming through with 675 million euros being outlined in terms of plans for a buyback....
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Feb 1, 2024
02/24
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some might be wondering whether or not the bank of england lives in the real world, not the bank of england not the bank of england lives in the real world, hearing all that, not the bank of england lives in the realworld, hearing all that, but things have changed and a new tone in a new year for the bank of england. there is definitely a mood shift going on. in december we had over warnings from the bank of england we may have to see more rate rises. that has pretty much vanished from the text. instead you are getting some discussion amongst the panel about rate cuts. there is definitely that mood shift, because we have seen a rapid fall in inflation, more rapid than the bank expected. low energy costs likely to push inflation below the target, perhaps later in the spring. they holding off? there is more going on. inflation in the services sector, eating out, hotels and leisure, that kind of thing, that is still stronger, although falling, it is stronger, although falling, it is stronger than the bank of england is comfortable with. so likewise is wages growth, all that is also easing. the
some might be wondering whether or not the bank of england lives in the real world, not the bank of england not the bank of england lives in the real world, hearing all that, not the bank of england lives in the realworld, hearing all that, but things have changed and a new tone in a new year for the bank of england. there is definitely a mood shift going on. in december we had over warnings from the bank of england we may have to see more rate rises. that has pretty much vanished from the...
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Feb 1, 2024
02/24
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the bank of england of course is an _ economy.e bank of england of course is an independent - economy. the bank of england of course is an independent of- course is an independent of government, but in an election year for the politicians, they will be quite keen for inflation to start easing so that we have more cash in our pockets and interest rates to come down, particularly for those people who have a mortgage and are finding that they are paying more out every month just to service the mortgage. out every month 'ust to service the mortmae. . , ., mortgage. that is right. from the government's _ mortgage. that is right. from the government's point _ mortgage. that is right. from the government's point of— mortgage. that is right. from the government's point of view, - government's point of view, actually, i think it is more important that inflation comes down rather than the bank of england are lowering interest rates. i think the inflation story is much more important. and i would just think they're about the distribution of
the bank of england of course is an _ economy.e bank of england of course is an independent - economy. the bank of england of course is an independent of- course is an independent of government, but in an election year for the politicians, they will be quite keen for inflation to start easing so that we have more cash in our pockets and interest rates to come down, particularly for those people who have a mortgage and are finding that they are paying more out every month just to service the...
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Feb 7, 2024
02/24
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the bank of england has said the _ for the clear.land has said the basic _ for the clear. the bank of england has said the basic interest - for the clear. the bank of england has said the basic interest hasn'tl has said the basic interest hasn't touched since last year. they think rates are going to start falling, and if you're looking at a fixed rate today, it's properly going to be lower then a couple of months ago? h0 be lower then a couple of months auo? ., ., , be lower then a couple of months 300? ., ., , , be lower then a couple of months auo? ., ., , , ., ., ago? no doubt, it will be lower than ou had ago? no doubt, it will be lower than you had exneeted. _ ago? no doubt, it will be lower than you had expected, but _ ago? no doubt, it will be lower than you had expected, but considerablyl you had expected, but considerably higher than it once was. what this underlines is that the era of uber low interest rates and the ability for people to borrow many, to buy these capital assets, has changed significantly. most of the city o
the bank of england has said the _ for the clear.land has said the basic _ for the clear. the bank of england has said the basic interest - for the clear. the bank of england has said the basic interest hasn'tl has said the basic interest hasn't touched since last year. they think rates are going to start falling, and if you're looking at a fixed rate today, it's properly going to be lower then a couple of months ago? h0 be lower then a couple of months auo? ., ., , be lower then a couple of...
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Feb 13, 2024
02/24
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a pivotal day for the bank of england with u.k. jobs and wages data set to provide more clues for the central banks great path ahead. plus, president biden pushes for a six-week pause in fighting in gaza as israel launches more strikes on the southern city of roff up. thus the geopolitics, checking on the markets, a pause on the s&p. you held above but -- about 5000 by the end of the those. the heat coming through in japan. we will unpack that for you. u.s. futures currently low by a 10th of a percent. s&p holding above the 5000 level. nasdaq, 17,500. looking to take a 10th off the top. european futures looking out losses after notching a fresh record on a 12 month basis for european stocks yesterday. very solid session for the european equity markets yesterday, taking a breather as we await the data out of the u.k. and the cpi print. ftse 100, 7548, holding in positive territory. let's hold the book and have a look at the stand out in the u.s. microsoft took a breather, but the enthusiasm that ai frenzy continues in the money pour
a pivotal day for the bank of england with u.k. jobs and wages data set to provide more clues for the central banks great path ahead. plus, president biden pushes for a six-week pause in fighting in gaza as israel launches more strikes on the southern city of roff up. thus the geopolitics, checking on the markets, a pause on the s&p. you held above but -- about 5000 by the end of the those. the heat coming through in japan. we will unpack that for you. u.s. futures currently low by a 10th...
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Feb 13, 2024
02/24
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we get the cpi inflation data tomorrow, so that is the next point of interest for the bank of englandwhat is causing this tightness in the labour market?— the labour market? there are a number of _ the labour market? there are a number of factors, _ the labour market? there are a number of factors, but - the labour market? there are a number of factors, but one - the labour market? there are a - number of factors, but one worrying factor is the amount of people on disability. this has risen to record levels of the data we have today suggest there are about 700,000 boat people claiming long—term disability than there where before the pandemic. that has risen during the course of last year, too. that is a very worrying factor. there is lots of speculation that may be in the forthcoming budget the chancellor really does need to do something to try and get people back to work. but this could be related to queues in the health sector also. this this could be related to queues in the health sector also.— the health sector also. this is something — the health sector also. this is something i
we get the cpi inflation data tomorrow, so that is the next point of interest for the bank of englandwhat is causing this tightness in the labour market?— the labour market? there are a number of _ the labour market? there are a number of factors, _ the labour market? there are a number of factors, but - the labour market? there are a number of factors, but one - the labour market? there are a - number of factors, but one worrying factor is the amount of people on disability. this has risen...
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Feb 2, 2024
02/24
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lizzy: they've acknowledged the cuts are coming from the bank of england. in terms of how they did that, they dropped the guidance, no need for further tightening. andrew bailey was explicit in the press conference that they have moved away from the hawkish buyers. but markets did take yesterday overall as a bit of a slight hawkish rebuke. why? if you look at the vote split, no economist thought you would have two hawkish dissenters. it's the first time you had a three-way vote split across hiking, holding, and cutting since the financial crisis. also, the governor quite clearly pushback against the market curve. he said if rates were to follow market expectations, inflation would be higher than the target. don't get carried away with your enthusiasm for rate cuts just yet. you did see traders paring back their bets for a makeup. that is all -- for a may cut. that is all in the updated inflation forecast saying price growth could go up again. tom: lizzy burden walking through the decision from the boe and what we heard from andrew bailey as we think about h
lizzy: they've acknowledged the cuts are coming from the bank of england. in terms of how they did that, they dropped the guidance, no need for further tightening. andrew bailey was explicit in the press conference that they have moved away from the hawkish buyers. but markets did take yesterday overall as a bit of a slight hawkish rebuke. why? if you look at the vote split, no economist thought you would have two hawkish dissenters. it's the first time you had a three-way vote split across...
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the bank of england row., andrew bailey , says, governor, andrew bailey, says, though, that he needs to see more evidence that inflation is going stay at 2% before going to stay at 2% before starting to cut interest rates. labour says that households are paying labour says that households are paying the price for 14 years of economic failure under the conservatives the number of migrants crossing the english channelis migrants crossing the english channel is up 13% compared with this time last year. more than 1300 people have so far arrived in small boats last month, january, that is, that was the highest january total since records began in 2018. that compares with the 1100 recorded in january of last year, and just yesterday, 278 people made the journey in six different boats . a couple are expected to boats. a couple are expected to stand trial over the alleged arson attack on justice minister mike freers constituency office. the pair denies setting blaze to the building. the mp, though, described the inci
the bank of england row., andrew bailey , says, governor, andrew bailey, says, though, that he needs to see more evidence that inflation is going stay at 2% before going to stay at 2% before starting to cut interest rates. labour says that households are paying labour says that households are paying the price for 14 years of economic failure under the conservatives the number of migrants crossing the english channelis migrants crossing the english channel is up 13% compared with this time last...
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at the bank of england , it was a63 bank of england, it was a63 split.hem actually voted to increase interest rates even more , which is completely even more, which is completely unfathomable to me that i have noidea unfathomable to me that i have no idea why they're doing that. um, give in that the trend rate of inflation is obviously down. it's gone down from 11% at the end of 2022 to 4% now at one person on the mpc actually voted for a rate cut , which person on the mpc actually voted for a rate cut, which is person on the mpc actually voted for a rate cut , which is where for a rate cut, which is where i would be. i guess that's why i'm not on the mpc, because i'd be in a minority. but look , in a minority. but look, interest rates are coming down. i think the first cut in interest rates will be april or may in the uk, and i think the mighty federal reserve , the us mighty federal reserve, the us central could even cut central bank, could even cut interest in march . so interest rates in march. so we've had an interesting announcement today from , um
at the bank of england , it was a63 bank of england, it was a63 split.hem actually voted to increase interest rates even more , which is completely even more, which is completely unfathomable to me that i have noidea unfathomable to me that i have no idea why they're doing that. um, give in that the trend rate of inflation is obviously down. it's gone down from 11% at the end of 2022 to 4% now at one person on the mpc actually voted for a rate cut , which person on the mpc actually voted for a...
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Feb 15, 2024
02/24
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still twice the bank of england target.he softness of output particularly in the environment where there are accusations that the bank of england went too far too late, they will feel the pressure from that and the political pressure and that cycle playing out in the uk. you noted. chancellor and finance minister doesn't normally get involved in the comments. 70 0 basis points on the curve more than i expect. the market is not sure when we will see the first cut in it q2 or q3. we need to see more data before they firm those numbers up. >> we had wage growth numbers still sitting north of 6%. still very high. inflation headline is unchanged against december. coming in at 4%. i know it was a miss against expectations, but we are talking about 4% headline inflation number. are you of the view the final mine of mile is the hardest? >> it is a sound bite that central bankers are using to maintain stricter financial conditions. they don't want to front run that. the history, go back to the economic history, when you have spikes
still twice the bank of england target.he softness of output particularly in the environment where there are accusations that the bank of england went too far too late, they will feel the pressure from that and the political pressure and that cycle playing out in the uk. you noted. chancellor and finance minister doesn't normally get involved in the comments. 70 0 basis points on the curve more than i expect. the market is not sure when we will see the first cut in it q2 or q3. we need to see...
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Feb 14, 2024
02/24
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of england-— rate cut from the bank of encland. . �* , england.d. that's right. if we get a big surprise - england. that's right. if we get a big surprise upwardsl get a big surprise upwards today that will challenge expectations that we could get an early rate cut from the bank of england. what i will be looking at, and the bank, is what is happening to underlying inflation here. it's not really about what the headline inflation is doing, but looking at services inflation in particular and stripping out the more volatile bits like airfares and trying to get a sense for that underlying inflation pressure.- inflation pressure. you mentioned _ inflation pressure. you mentioned a _ inflation pressure. you mentioned a short - inflation pressure. you | mentioned a short time inflation pressure. you - mentioned a short time ago, inflation pressure. you mentioned a short time ago, but underneath that, we are still looking at this as a general downward trend? i looking at this as a general downward trend?— looking at this as a general downward trend? i th
of england-— rate cut from the bank of encland. . �* , england.d. that's right. if we get a big surprise - england. that's right. if we get a big surprise upwardsl get a big surprise upwards today that will challenge expectations that we could get an early rate cut from the bank of england. what i will be looking at, and the bank, is what is happening to underlying inflation here. it's not really about what the headline inflation is doing, but looking at services inflation in particular and...
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Feb 13, 2024
02/24
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for wage growth to 4% which is where the bank of england needs it to be. . w' is where the bank of england be. ,, x' ., it to be. sticking with those wage rises a bit longer, _ it to be. sticking with those wage rises a bit longer, are _ it to be. sticking with those wage rises a bit longer, are there - rises a bit longer, are there particular sectors where those rises are being seen? tt particular sectors where those rises are being seen?— are being seen? if you look at the data broadly. _ are being seen? if you look at the data broadly, there _ are being seen? if you look at the data broadly, there do _ are being seen? if you look at the data broadly, there do seem - are being seen? if you look at the data broadly, there do seem to i are being seen? if you look at the | data broadly, there do seem to be wage rises across—the—board. it seems to be quite broad—based, not just private or public sector, it seems that wages are going up across—the—board. that is something that will concern the bank. this across-the-board. that is something that will concern the bank.— that will concern the ba
for wage growth to 4% which is where the bank of england needs it to be. . w' is where the bank of england be. ,, x' ., it to be. sticking with those wage rises a bit longer, _ it to be. sticking with those wage rises a bit longer, are _ it to be. sticking with those wage rises a bit longer, are there - rises a bit longer, are there particular sectors where those rises are being seen? tt particular sectors where those rises are being seen?— are being seen? if you look at the data broadly. _...
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Feb 1, 2024
02/24
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we look at the bank of england meeting today.e are tracking earnings this is super thursday with lots of names with results. you can see it is a mixed bag. we have deutsche bank in the money. those names are trading in the green with julius baer up 3.3% the german lender reporting gains after the drop of fourth quarter profit and raising revenue outlook. on the flip side, look at the price action for ing 9.4% weaker. bnp as well down 8.7% in trading. heavily in the red the french lender reporting a lower than expected 3% jump in full-year revenue and trimming the profitability target for the year we will dig in with the ceo interviews throughout "street si signs" the rest of the show. one name is standing out this morning. shell is up 2.4% >> let's discuss shell earnings this morning the company reported a $7.3 billion adjusted earnings for the fourth quarter beating forecasts after the poboost from the lng trading division we have steve sedgwick with us >> it's a privilege. once the anchor and now the reporter and then the repor
we look at the bank of england meeting today.e are tracking earnings this is super thursday with lots of names with results. you can see it is a mixed bag. we have deutsche bank in the money. those names are trading in the green with julius baer up 3.3% the german lender reporting gains after the drop of fourth quarter profit and raising revenue outlook. on the flip side, look at the price action for ing 9.4% weaker. bnp as well down 8.7% in trading. heavily in the red the french lender...
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Feb 1, 2024
02/24
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we start here in the uk with the cost of borrowing, because in a few hours time the bank of england makes first decision of the year on interest rates. it's widely expected to leave them unchanged today, but investors and borrowers will be listening to every word from bank of england governor andrew bailey about when they might be coming down. here's where the bank's base rate stands at the moment — at 5.25% it is the highest in 15 years. the bank has raised the cost of borrowing fourteen times to try and tame soaring prices but inflation has eased sharply in recent months and the expectation now is that rates may soon start to come down. however, for those in the uk hoping for cheaper mortgages and loans there was something of a bad omen in the us, where the chair of the federal reserve seemed to dash expectations of a rate cut next month. as michelle fleury reports. the fourth meeting in a row, the federal reserve did not raise interest rates. this is the longest pause since policymakers began their aggressive rate campaign to tame inflation back in march of 2022. but for rate weary ame
we start here in the uk with the cost of borrowing, because in a few hours time the bank of england makes first decision of the year on interest rates. it's widely expected to leave them unchanged today, but investors and borrowers will be listening to every word from bank of england governor andrew bailey about when they might be coming down. here's where the bank's base rate stands at the moment — at 5.25% it is the highest in 15 years. the bank has raised the cost of borrowing fourteen...
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Feb 1, 2024
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or bank of england policy. forecast in the latest bank of england statement. what do you make of this shift where strong growth is good thing, good news is good news, to quote one stuart keyser? sree: definitely this is good news in the sense that a soft landing, the pathway to a soft landing is widening. that would definitely be good news, because it's exactly what the central bankers want and need. i think really the balancing act here is what's happening with inflation. the headline inflation story has been very good across both u.k. and the u.s. and the u.k., what we're seeing is that base effect drag from energy prices, from food prices, that has been growing a very good contribution. also thinking again about red sea, goods prices, which had been really -- which had really escalated during the pandemic, that's back in sort of flat growth or deflationary territory. all of this is very good news in terms of the overall package that the bank of england are dealing with. so again, they are going to stay data-
or bank of england policy. forecast in the latest bank of england statement. what do you make of this shift where strong growth is good thing, good news is good news, to quote one stuart keyser? sree: definitely this is good news in the sense that a soft landing, the pathway to a soft landing is widening. that would definitely be good news, because it's exactly what the central bankers want and need. i think really the balancing act here is what's happening with inflation. the headline...
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Feb 2, 2024
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of england.e highest level for nearly 60 years but will stay there for the time being. andrew bailey, the time being. andrew bailey, the governor, says major progress has been made in getting soaring prices under control and the bank's decision—makers are now considering when they may be able to cut the cost of borrowing. faisal islam has the story. lights at the end of the rate rise tunnel. the bank of england is brewing some rate cuts which cannot come soon enough for many business owners such as stephen, who runs a distillery and restaurant in chatham, in kent. successive raid chatham, in kent. successive rapid rate _ chatham, in kent. successive rapid rate rises _ chatham, in kent. successive rapid rate rises is _ chatham, in kent. successive rapid rate rises is somethingl rapid rate rises is something that, for the business community, you really see very quickly the reductions in investment which are then filtering through. i mean, definitely seeing that. but res - ite definitely seeing that
of england.e highest level for nearly 60 years but will stay there for the time being. andrew bailey, the time being. andrew bailey, the governor, says major progress has been made in getting soaring prices under control and the bank's decision—makers are now considering when they may be able to cut the cost of borrowing. faisal islam has the story. lights at the end of the rate rise tunnel. the bank of england is brewing some rate cuts which cannot come soon enough for many business owners...
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Feb 1, 2024
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also on the agenda — the bank of england is meeting, its first meeting of 202a.educe the cost of borrowing, which will impact many households and the bills they face. so we'll be talking about that — rates expected to stay unchanged today. more in a moment. hello. a powerful storm passed to the north of the uk on wednesday — storm ingunn, named by the norwegian weather service. across the faro islands, it brought wind gusts in excess of i20mph. then it slammed into the west coast of norway with gusts of more than 100mph. there's our storm system moving away as we head into thursday. now, across shetland, we saw wind gusts of 78mph, but even those winds have been easing a little. and through thursday, it's a quieter day ahead. some hazy sunshine, dry for many, still quite windy up towards the north, but not as windy as it has been. some wintry showers across the northwest of scotland. and a touch of frost for some of us first thing. for the majority, we'll see spells of hazy sunshine with high cloud streaming across the sky. thicker cloud into northern england, no
also on the agenda — the bank of england is meeting, its first meeting of 202a.educe the cost of borrowing, which will impact many households and the bills they face. so we'll be talking about that — rates expected to stay unchanged today. more in a moment. hello. a powerful storm passed to the north of the uk on wednesday — storm ingunn, named by the norwegian weather service. across the faro islands, it brought wind gusts in excess of i20mph. then it slammed into the west coast of...
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the bank of england base rate?ligan joins us. >> morning , morning. good >> morning, morning. good morning to you, liam. what do you predict will happen? well, morning to you, liam. what do you prstay will happen? well, morning to you, liam. what do you prstay willsame.3n? well, it will stay the same. >> yeah. we've 14 interest >> yeah. we've had 14 interest rate rises a the way rate rises in a row all the way back from 0.1% during the depths of the pandemic. i think interest will stay where interest rates will stay where they are today. as you say, stephen, at 5.25, let's have a quick look at a graphic. it wouldn't be a liam halligan studio spot without a graphic. it not if get the it would not see if we get the graphic up, the history of interest rates. or maybe it's there, it's not. look, there, maybe it's not. look, a lot people will know that lot of people will know that even though the rates are even though the base rates are 5.25, mortgage rates are now actually lower because mortgage rates are linked to exp
the bank of england base rate?ligan joins us. >> morning , morning. good >> morning, morning. good morning to you, liam. what do you predict will happen? well, morning to you, liam. what do you prstay will happen? well, morning to you, liam. what do you prstay willsame.3n? well, it will stay the same. >> yeah. we've 14 interest >> yeah. we've had 14 interest rate rises a the way rate rises in a row all the way back from 0.1% during the depths of the pandemic. i think...
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Feb 14, 2024
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the bank of england's target, set by the government, is 2%. in a bid to curb inflation, the bank of england has been pushing interest rates up sharply over the past couple of years to 5.25% — but has held rates at its last four meetings. speaking after the figures were announced, the uk finance minister, chancellorjeremy hunt, remained confident the government was still on the right track: remained confident the government inflation remained confident the government never falls in a line. inflation never falls in a straight line. although it is welcome that it has not gone up today, it is still double the target level of 2% and we're not going to be able to relieve pressure on families until we hit that target, and the bank of england feels able to reduce interest rates, so this is a time to stick to a plan that is clearly working. live now to simon french. he's chief economist and head of research at panmure gordon. i wanted to kick off by asking you why expectations were off the mark? january is the hardest month of forecast. there is a big
the bank of england's target, set by the government, is 2%. in a bid to curb inflation, the bank of england has been pushing interest rates up sharply over the past couple of years to 5.25% — but has held rates at its last four meetings. speaking after the figures were announced, the uk finance minister, chancellorjeremy hunt, remained confident the government was still on the right track: remained confident the government inflation remained confident the government never falls in a line....
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Feb 15, 2024
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the bank of england's monetary— primary aim of the bank of england's monetary policy committee is monetaryflation and the rate of rising prices and that is really its focus. saying _ prices and that is really its focus. saying that, it is going to consider what _ saying that, it is going to consider what impact that has on growth and it will— what impact that has on growth and it will look— what impact that has on growth and it will look at the impact and it will consider what is happening there. — will consider what is happening there. for— will consider what is happening there, for example, if it picks up interest— there, for example, if it picks up interest rates and keeps putting them _ interest rates and keeps putting them up. — interest rates and keeps putting them up, then obviously the cost of borrowing _ them up, then obviously the cost of borrowing is higher and many businesses would put any major borrowing — businesses would put any major borrowing for a major investment, for example. so does have an impact, obviously— for example. so does have an impact, obviously it's — for ex
the bank of england's monetary— primary aim of the bank of england's monetary policy committee is monetaryflation and the rate of rising prices and that is really its focus. saying _ prices and that is really its focus. saying that, it is going to consider what _ saying that, it is going to consider what impact that has on growth and it will— what impact that has on growth and it will look— what impact that has on growth and it will look at the impact and it will consider what is...
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Feb 1, 2024
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it took banks a while to catch up with the bank of england's moves for savings rates but the news isn'tt, you have seen increasing your savings rate and it perhaps will not go up further. 0n mortgage rates, more thani million households are due further. 0n mortgage rates, more than i million households are due to remortgage this year. they are likely to see much higher repayments than they have been used to in the last few years. having said that, the mortgage rates are starting to ease off. how do they actually set them? lenders look at notjust ease off. how do they actually set them? lenders look at not just what them? lenders look at notjust what is happening to interest rates at the moment but what is expected to happen over the next year or so and even longer. as a result, we have seen expectations of rate cuts mounting, so you will see mortgage rates start to come down, not quite as fast and far as many would like to see but if you are a borrower that pain might not be as intense as perhaps we once thought.— perhaps we once thought. dharshini david, thank _ perhaps we once thought
it took banks a while to catch up with the bank of england's moves for savings rates but the news isn'tt, you have seen increasing your savings rate and it perhaps will not go up further. 0n mortgage rates, more thani million households are due further. 0n mortgage rates, more than i million households are due to remortgage this year. they are likely to see much higher repayments than they have been used to in the last few years. having said that, the mortgage rates are starting to ease off....
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Feb 13, 2024
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then we get the cpi inflation data tomorrow, that is the next point of interest for the bank of england this tightness in the labour market? there are a number of factors but one very worrying factor is the amount of people on disability. this has risen to record levels. the data we have suggests there are around 700,000 more people claiming long—term disability than there were before the pandemic. that has risen during the course of last year also, so that is a very worrying factor. there are lots of speculation that may be in the forthcoming budget the chancellor really does need to do something to try to get people back to work. but this could be related to work. but this could be related to queues in the health sector also. the body shop's uk business has gone into administration, potentially putting as many as 2,000 jobs at risk. shops will keep trading as usual while the administrators try to save the uk operation. takeaway delivery riders in the uk are planning to strike on valentine's day to demand better pay and working conditions. the action will hit four food apps including d
then we get the cpi inflation data tomorrow, that is the next point of interest for the bank of england this tightness in the labour market? there are a number of factors but one very worrying factor is the amount of people on disability. this has risen to record levels. the data we have suggests there are around 700,000 more people claiming long—term disability than there were before the pandemic. that has risen during the course of last year also, so that is a very worrying factor. there...
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Feb 14, 2024
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and the bank of england target. and the bank of england feels able to reduce interest rates.ose who are looking to get onto the property ladder , get onto the property ladder, the average uk house price has fallen by £4,000 last year. figures from the office for national statistics found. a typical house in the uk is £285,000. property values fell annually by 2.1% in england, and by 2.5% in wales, but they increased by 3.3% in scotland and 1.4% in northern ireland. pressures mounting for sir keir starmer as a second labour party candidate has been suspended following accusations of anti—semitism. graham jones allegedly suggested british people who volunteered to fight with israel defence forces should be locked up . it comes should be locked up. it comes a day after labour withdrew support for the party's candidate for the rochdale by—election, azhar ali, for suggesting israel had taken the october 7th hamas assault as a pretext to invade gaza. sir keir vowed yesterday that his party has changed under his rule . has changed under his rule. meanwhile, more than half . of meanw
and the bank of england target. and the bank of england feels able to reduce interest rates.ose who are looking to get onto the property ladder , get onto the property ladder, the average uk house price has fallen by £4,000 last year. figures from the office for national statistics found. a typical house in the uk is £285,000. property values fell annually by 2.1% in england, and by 2.5% in wales, but they increased by 3.3% in scotland and 1.4% in northern ireland. pressures mounting for sir...
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of the bank of england, actually voted for a rate cut.er i spoke to global head of markets at img and asked whether that vote further rate cuts came as a surprise. that vote further rate cuts came as a surrise. , ,., that vote further rate cuts came as a surprise-— that vote further rate cuts came as a surrise. , ,., ., ., ., a surprise. the person who voted for rate cuts as — a surprise. the person who voted for rate cuts as those _ a surprise. the person who voted for rate cuts as those who _ a surprise. the person who voted for rate cuts as those who are _ a surprise. the person who voted for rate cuts as those who are on - a surprise. the person who voted for rate cuts as those who are on the . rate cuts as those who are on the model this end of the spectrum judgment has always been on the more dovish end on the spectrum of the committee. the others were among three members who did vote for a hike back in december and two of those still voted for a hike even today even though inflation prospects have improved quite a lot. so the move
of the bank of england, actually voted for a rate cut.er i spoke to global head of markets at img and asked whether that vote further rate cuts came as a surprise. that vote further rate cuts came as a surrise. , ,., that vote further rate cuts came as a surprise-— that vote further rate cuts came as a surrise. , ,., ., ., ., a surprise. the person who voted for rate cuts as — a surprise. the person who voted for rate cuts as those _ a surprise. the person who voted for rate cuts as those...
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Feb 12, 2024
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on rate cuts from the bank of england. for a longer. of 525 is the benchmark. do not miss an interview with gop presidential candidate nikki haley, live on bloomberg tv and radio at 12:30 p.m. u.k. time. also, our conversation with the german finance minister christian. we will ask about the health of the german economy. next is markets today as we count down to the market open with european futures pointing to gains. stay with us, this is bloomberg. ♪ >>, from london. this is "bloomberg markets today ."
on rate cuts from the bank of england. for a longer. of 525 is the benchmark. do not miss an interview with gop presidential candidate nikki haley, live on bloomberg tv and radio at 12:30 p.m. u.k. time. also, our conversation with the german finance minister christian. we will ask about the health of the german economy. next is markets today as we count down to the market open with european futures pointing to gains. stay with us, this is bloomberg. ♪ >>, from london. this is...
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the bank of england has held interest rates at 5.25%, the highest level for nearly 16 years. higher than the bank�*s 2% target. here�*s our economics editor, faisal islam. light at the end of the rate rise tunnel. the bank of england is brewing some rate cuts, which can�*t come soon enough for many business owners, such as stephen, who runs a distillery and restaurant in chatham in kent. successive, rapid rate rises is something that, for the business community, you really see very quickly, reductions in investment, which are then filtering through. i mean, definitely seen that. rates were held again today, but respite came from the bank�*s new forecast — inflation should fall to its target of 2% as early as spring, as energy bills fall, changing thinking at the bank. the question for us has changed from how prescriptive and how high we need to be, to how long you need to maintain them before you cut them. and that's a very good move forwards. many householders, many businesses who have been squeezed tight as part of your policy will be wondering, well, hang on a minute, infl
the bank of england has held interest rates at 5.25%, the highest level for nearly 16 years. higher than the bank�*s 2% target. here�*s our economics editor, faisal islam. light at the end of the rate rise tunnel. the bank of england is brewing some rate cuts, which can�*t come soon enough for many business owners, such as stephen, who runs a distillery and restaurant in chatham in kent. successive, rapid rate rises is something that, for the business community, you really see very...
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Feb 14, 2024
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economists expectations, including the bank of england . including the bank of england.n a monthly basis for the first time since september 2021. the prime minister has insisted the economy has turned a corner and he held his first business council meeting today. however, chancellor jeremy council meeting today. however, chancellorjeremy hunt says more chancellor jeremy hunt says more needs to be done on inflation, never falls in a straight line and although it's welcome that it hasn't gone up today, it is still double the target level of 2% and we're not going to be able to relieve pressure on families until we hit that target. >> and the bank of england feels able to reduce interest rates. so this is a time to stick to a plan that is clearly working. but we need to make sure that we really get to that end point of inflation at 2. >> pressure is mounting for sir keir starmer as a second labour party candidate has been suspended following accusations of anti—semitism. graeme jones allegedly suggested british people who volunteer to fight with the israel defence forces sh
economists expectations, including the bank of england . including the bank of england.n a monthly basis for the first time since september 2021. the prime minister has insisted the economy has turned a corner and he held his first business council meeting today. however, chancellor jeremy council meeting today. however, chancellorjeremy hunt says more chancellor jeremy hunt says more needs to be done on inflation, never falls in a straight line and although it's welcome that it hasn't gone up...
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Feb 13, 2024
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will enable the bank of england to cut but not as fast as and to zepeda.on people on the sidelines that are not working that is a big number in the uk. that has to change, right now the foreign workers are 20%, 21% of the employment and the uk up considerably from brexit. the problem is in the challenge, their job vacancies but a lot of people sitting on the couch and there has to be wage growth and asking to push up inflation they have to attract workers. maria: look at rates, ten year yield back about 4% i've been watching the yield creep up, federal reserve president tom barkin and boston fed chief susan collins indicated that they want the decline in inflation to continue but they want for their inflation progress in services before cutting rates, your thoughts? >> i think services are to be sticky in terms of inflation, goods are coming down and the other problem with rates the fed and the boe can cut as much as they want but a trillion bonds have to be sold in the market so i think there is supply issues. you can have shorter or lower short-term rate
will enable the bank of england to cut but not as fast as and to zepeda.on people on the sidelines that are not working that is a big number in the uk. that has to change, right now the foreign workers are 20%, 21% of the employment and the uk up considerably from brexit. the problem is in the challenge, their job vacancies but a lot of people sitting on the couch and there has to be wage growth and asking to push up inflation they have to attract workers. maria: look at rates, ten year yield...
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Feb 1, 2024
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we had the fed earlier in the bank of england holding the rate at 5.25%. it dropped references to further tightening in its guidance. that opens the door to interest-rate cuts for the first time since the pandemic struck. the central bank has stuck to predictions that interest rates will fall to target this spring while warning that price pressures could reemerge. francine lacqua sat down with the boe governor earlier today. >> i think that we have changed the question from how restrictive do we need to be to how long do we need to be restrictive. that is important. also, technically technically u. at least that can have the right effects. i think that now the question is for us is how long do we need to maintain this dance going forwards? i have said a number of times that we are not making predictions at this point. we are setting up the framework. the things that we think are important to look at haven't changed. services, inflation, aspects of the labor market. global shocks, i think that we are seeing the disinflation side to the global shocks. >> is
we had the fed earlier in the bank of england holding the rate at 5.25%. it dropped references to further tightening in its guidance. that opens the door to interest-rate cuts for the first time since the pandemic struck. the central bank has stuck to predictions that interest rates will fall to target this spring while warning that price pressures could reemerge. francine lacqua sat down with the boe governor earlier today. >> i think that we have changed the question from how...
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Feb 14, 2024
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twice the bank of england's target . we had bank of england's target.% above in january, where they were in january 2023. transport inflation that has actually gone negative . so actually gone negative. so transport prices are lower now than they were in january 2023, largely because the price of petrol and diesel on the year has come down. so jeremy hunt is right. inflation doesn't fall in a straight line, but the government will be disappointed that they haven't got another fall in inflation ahead of that by those two by elections in kingswood and wellingborough tomorrow. >> and what can we expect to happenin >> and what can we expect to happen in terms of interest rates now? do you think? >> well, interest rates are at 5.25. had 14 successive 5.25. we've had 14 successive rate rises since the end of 2021. the bank of england, the monetary policy committee, the nine economists who call where interest rates should be. they've been rapid raising interest rates over recent months. they've been at 5.25% since august. since then, though, because the sense
twice the bank of england's target . we had bank of england's target.% above in january, where they were in january 2023. transport inflation that has actually gone negative . so actually gone negative. so transport prices are lower now than they were in january 2023, largely because the price of petrol and diesel on the year has come down. so jeremy hunt is right. inflation doesn't fall in a straight line, but the government will be disappointed that they haven't got another fall in inflation...
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Feb 14, 2024
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the bank of england's target, set by the government, is 2%. has held rates at its last four meetings. speaking after the figures were announced, the uk finance minister, chancellorjeremy hunt, remained confident the government was still on the right track: remained confident the government inflation remained confident the government never falls in a line. inflation never falls in a straight line. although it is welcome that it has not gone up today, it is still double the target level of 2% and we're not going to be able to relieve pressure on families until we hit that target, and the bank of england feels able to reduce interest rates, so
the bank of england's target, set by the government, is 2%. has held rates at its last four meetings. speaking after the figures were announced, the uk finance minister, chancellorjeremy hunt, remained confident the government was still on the right track: remained confident the government inflation remained confident the government never falls in a line. inflation never falls in a straight line. although it is welcome that it has not gone up today, it is still double the target level of 2% and...
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Feb 14, 2024
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the governor of bank of england andrew bailey says he's encouraged by new inflation data as it showedthan expected. the good news, as he called it, is that the uk inflation rate remains unchanged at 4% injanuary, the same rate as december. the bank of england's ultimate target, set by the government, remains at 2%. to reach it, the bank has been pushing interest rates up sharply over the past couple of years to 5.25% — to reach it, the bank has been pushing interest rates up sharply over the past couple of years to 5.25% — where it's remained for some time. earlier the uk finance minister, chancellorjeremy hunt, gave his reaction to the inflation data. inflation never falls in a straight line. although it is welcome that it has not gone up today, it is still double the target level of 2% and we're not going to be able to relieve pressure on families until we hit that target and the bank of england feels able to reduce interest rates, so this is a time to stick to a plan that is clearly working. well, earlier i spoke to simon french. he's chief economist and head of research at panmure
the governor of bank of england andrew bailey says he's encouraged by new inflation data as it showedthan expected. the good news, as he called it, is that the uk inflation rate remains unchanged at 4% injanuary, the same rate as december. the bank of england's ultimate target, set by the government, remains at 2%. to reach it, the bank has been pushing interest rates up sharply over the past couple of years to 5.25% — to reach it, the bank has been pushing interest rates up sharply over the...
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Feb 11, 2024
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of england still canadian bank of england still canadian ?nadian. canadian? is he still canadian. but he's he's he's he longer but he's he's he's he no longer the but basically he's what the head but basically he's what they're saying is bank they're saying is the bank of england when they have these meetings called decision meetings called these decision maker panel. and there was a guy on it and he said every time they had a meeting they were saying, what about brexit? is brexit affecting trying to brexit affecting you? trying to whip up into panic whip people up into a panic about about brexit. and they didn't mention the ukraine. how it was affecting the problems here or covid or the middle east. it's all brexit, they're all brexit all the time. these people the same way. we're all trans, all the time. >> yeah. >> yeah. >> so can i do the annoying thing of bringing in the truth to the story? so it wasn't about meetings. it was a questionnaire that was to inform these that was sent to inform these decision meetings. and decision making mee
of england still canadian bank of england still canadian ?nadian. canadian? is he still canadian. but he's he's he's he longer but he's he's he's he no longer the but basically he's what the head but basically he's what they're saying is bank they're saying is the bank of england when they have these meetings called decision meetings called these decision maker panel. and there was a guy on it and he said every time they had a meeting they were saying, what about brexit? is brexit affecting...
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Feb 1, 2024
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brazil as well as the bank of england.is effective to stand pat but the boe set to deliver a writer outlook for the u.k. economy, reducing its forecast for inflation this year. that's happening thursday. let's get insights, perspective from david finnerty. widely expected to standpat. >> they are expected to stand pat. the question is when will they cut rates? that's all the market is concerned about. the last meeting it was 6-3 on the vote, three people saying we may need another increase. the markets will be looking for do any of those three go back into line and say no more increases? if all three did, the market is always forward thinking, which means a rate cut could be coming soon. the bank of england is giving guidance for how soon will it come. inflation was slightly higher-than-expected, wages are still sticky, higher than they would really like. but within session trending down, the market once rate cuts and the sooner the better. whatever the boe says, will it be hawkish enough for the market to delay boe rate c
brazil as well as the bank of england.is effective to stand pat but the boe set to deliver a writer outlook for the u.k. economy, reducing its forecast for inflation this year. that's happening thursday. let's get insights, perspective from david finnerty. widely expected to standpat. >> they are expected to stand pat. the question is when will they cut rates? that's all the market is concerned about. the last meeting it was 6-3 on the vote, three people saying we may need another...
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while it's better than the forecast of 4.2% inflation remains double the the bank of england's targetward factor was rising gas and electricity costs — the biggest downward factor was furniture and food — on a monthly basis, food prices fell in january for the first time since september 2021. to discuss this in more detail i'm joined by the bbc�*s business reporter peter ruddick. better than expected, but still high. yes, very high and double the target by the government of 2%. the rising at 4% means things are 4% more expensive than they were a year ago, and that comes on top of lots of other price rises that we have had over the past couple of years. at first glance, no change in the headline figure. you might think it is a non—story, but as you were saying there was real concern that essentially the way we measure the speed of the rising cost of living would head in the wrong direction today in terms of the figures in january and that did not happen. it is true to say there will be some relief in downing street that that did not happen. but as we were saying, prices are still incre
while it's better than the forecast of 4.2% inflation remains double the the bank of england's targetward factor was rising gas and electricity costs — the biggest downward factor was furniture and food — on a monthly basis, food prices fell in january for the first time since september 2021. to discuss this in more detail i'm joined by the bbc�*s business reporter peter ruddick. better than expected, but still high. yes, very high and double the target by the government of 2%. the rising...
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Feb 1, 2024
02/24
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it is now turning - on the rate because it's at the bank of england.ill" several months to pay for mortgage and grocery heights.— and grocery heights. our mortgage would raise by _ and grocery heights. our mortgage would raise by 30 _ and grocery heights. our mortgage would raise by 30 or _ and grocery heights. our mortgage would raise by 30 or was _ and grocery heights. our mortgage would raise by 30 or was 4096 - and grocery heights. our mortgage would raise by 30 or was 4096 just | would raise by 30 or was 40%just significant. also adding 30% increase on the groceries and the money that we saved with the
it is now turning - on the rate because it's at the bank of england.ill" several months to pay for mortgage and grocery heights.— and grocery heights. our mortgage would raise by _ and grocery heights. our mortgage would raise by 30 _ and grocery heights. our mortgage would raise by 30 or _ and grocery heights. our mortgage would raise by 30 or was _ and grocery heights. our mortgage would raise by 30 or was 4096 - and grocery heights. our mortgage would raise by 30 or was 4096 just |...
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Feb 14, 2024
02/24
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we discussed what it could mean for the bank of england. a big morning for european corporate with their -- earnings do across the banking and consumer sectors. the print coming through from heineken. full-year organic revenue missing the estimates, coming in up 5.5%. the estimates had been for 5.83%. the analysts at morgan stanley have been looking at how the business in vietnam and nigeria is progressing as well. in terms of volume for heineken, that's also coming in a little bit below the estimates. 4.7%. the estimates had been 4.4%. when it comes to full-year organic revenue, 5.5 percent below the estimates. the redhead coming through for heineken. we are also looking at operating profit as well. this is the guidance. full-year adjusted operating profit up to low to high single digits. we will be speaking to the ceo of heineken on the back of those earnings. that interview will be interesting, given the mess. also we will be unpacking his views about the outlook. that interview at 7:40 u.k. time. we switch focus from the drink sector to
we discussed what it could mean for the bank of england. a big morning for european corporate with their -- earnings do across the banking and consumer sectors. the print coming through from heineken. full-year organic revenue missing the estimates, coming in up 5.5%. the estimates had been for 5.83%. the analysts at morgan stanley have been looking at how the business in vietnam and nigeria is progressing as well. in terms of volume for heineken, that's also coming in a little bit below the...
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Feb 15, 2024
02/24
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i think we have the worst governor of the bank of england in our history.were far too slow to put interest rates up when inflation was clearly coming down and many of us down the track, and many of us were screaming no, were screaming about this. no, inflation is going to inflation is not going to happen. it started, happen. then when it started, don't worry poor little don't worry your poor little heads. it's transitory. and heads. it's just transitory. and now we're going the other way. they far too slow to reduce they are far too slow to reduce interest rates, and i think that interest rates, and i think that interest rates, and i think that interest rate message actually is for me a very important driver of why we are now in recession. but my debate tonight is britain getting poorer. and i apply that both at a personal level and indeed at a national level, because i think we really are. i think one of the problems is that so much of this economic debate is couched in terms that most folks just don't understand, and that's no insult to you, the viewers,
i think we have the worst governor of the bank of england in our history.were far too slow to put interest rates up when inflation was clearly coming down and many of us down the track, and many of us were screaming no, were screaming about this. no, inflation is going to inflation is not going to happen. it started, happen. then when it started, don't worry poor little don't worry your poor little heads. it's transitory. and heads. it's just transitory. and now we're going the other way. they...
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Feb 21, 2024
02/24
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tom: bank of england governor andrew bailey there.oming in yesterday on that comet and the pound softening as well. now to the big earnings story of the moment as we look ahead to the u.s. session. nvidia in focus as the chipmaker at the heart of the ai boom reports earnings later today. shares sink more than 4% yesterday in the run-up. i am joined by matt bloxham from bloomberg intelligence for the deep dive on what to expect. what are you going to be looking for when it comes to these earnings? matt: me and everybody else going to be looking partly at the q4 revenue numbers, the 20 billion, what they got into, and the forward print for next quarter. the market is looking for 22 billion, which sequentially is not a big rise but there is still a 3x increase on the same time last year. you kind of had this big ramp up in revenue over the next two or three quarters, they expect it to kind of encz up from the. there's been a few cash encz up from that -- inch up from that. there's been questions about how long this pace of growth can con
tom: bank of england governor andrew bailey there.oming in yesterday on that comet and the pound softening as well. now to the big earnings story of the moment as we look ahead to the u.s. session. nvidia in focus as the chipmaker at the heart of the ai boom reports earnings later today. shares sink more than 4% yesterday in the run-up. i am joined by matt bloxham from bloomberg intelligence for the deep dive on what to expect. what are you going to be looking for when it comes to these...
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Feb 18, 2024
02/24
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i know the bank of england. and i know the bank of england.gland is independent, but it is the chancellor is answerable to the chancellor of exchequer the of the exchequer and to the prime minister. uh, the remit is to inflation under but to keep inflation under 2, but it to 10. i don't know it went up to 10. i don't know what the chancellor and then the prime doing prime minister was doing about that. course, the choice that. and of course, the choice of who runs bank of of the man who runs the bank of england is a matter for the government. why do you not mention mean, that that mention that? i mean, that that has the origin a big has been the origin of a big part of the government's problems. >> no, you know, fair enough. the mention it the reason i didn't mention it was i answering your was because i was answering your question, which i know question, michael, which i know is on your program. is a surprise on your program. but but but absolutely, you didn't about the bank didn't ask me about the bank of england. you're england. but, i mean
i know the bank of england. and i know the bank of england.gland is independent, but it is the chancellor is answerable to the chancellor of exchequer the of the exchequer and to the prime minister. uh, the remit is to inflation under but to keep inflation under 2, but it to 10. i don't know it went up to 10. i don't know what the chancellor and then the prime doing prime minister was doing about that. course, the choice that. and of course, the choice of who runs bank of of the man who runs...
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Feb 15, 2024
02/24
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bank of england right. the bank of england should interest now. should cut interest rates now.f monetary has members of the monetary policy committee who recently voting . what voting for rate increases. what planet are they on? literally what do they know about economics? we do need lower interest rates. i do think the inflation danger is largely over for now. we've already got 14 interest rate cuts in the tank. the lagged effect of those is still having an impact. let's get these interest rates lower. let's get confidence back. let's get this economy . moving. get this economy. moving. >> liam halligan i hope they're listening to you and you normally get things right. come on. listen liam. let's get on. listen to liam. let's get those rates cut so people can start with start relaxing, get on with their lives, spend some dosh. thank you very much. liam halligan always on the money. there's lots more still to come between now and 4:00. and we've got an exclusive report on crime gangs who using street gangs who are using high street businesses barber shops businesses such as bar
bank of england right. the bank of england should interest now. should cut interest rates now.f monetary has members of the monetary policy committee who recently voting . what voting for rate increases. what planet are they on? literally what do they know about economics? we do need lower interest rates. i do think the inflation danger is largely over for now. we've already got 14 interest rate cuts in the tank. the lagged effect of those is still having an impact. let's get these interest...