BOE chief economist Pill hints that traders' rate hike expectations are wrong

The central bank has a 2% inflation target, but price rises hit a 40-year high of 10.1% in September and are expected to peak in the fourth quarter. The bank of England is committed to its key goal of bringing down inflation, but hopes markets will re-anchor their interest rate expectations.
#Pill #BOE #England #News #Business #Markets

1 months ago

Futures Pare Gains; Gilts Fall on Policy Confusion: Markets Wrap

US futures pared gains after producer price data fueled Federal Reserve tightening bets. UK markets roiled once again by policy concerns after Bank of England confirmed plan to end emergency bond purchases. The pound rallied above $1.10 after BOE signaled interest rates are likely to rise sharply in November.
#FederalReserve #News #Business #Markets

1 months ago

BoE expands emergency support for UK bond market to prevent a rout

The BOE stepped up its support for the bond market, aiming to prevent a rout in a $1 trillion part used by the pensions industry from spreading. The measures stem from the BOE’s concerns that pension funds following so-called liability-driven investment strategies, or LDIs, were under pressure to liquidate £50 billion of long-term bonds in the last week of September.
#BoE #News #Business #Markets

1 months ago

Sterling slides after BOE jumps into gilt market, dollar marches on

Sterling tumbled again on Wednesday after the bank of England said it would step in to prop up the gilt market. The pound was last down 1.5% at $1.0583, and the euro jumped as high as $1.084. ING analysts reported that china's yuan extended losses to end the domestic session at its lowest level against the dollar.
#ING #England #News #Business #Markets

2 months ago

UK Bonds Surge as BOE Says It Will Purchase Gilts, Delay Sales By Bloomberg

The yield on gilts plummeted 26 basis points to 4.72% after earlier rising as much as 15 basis points. The briefly spiked before falling back.
#BOE #News #Business #Markets

2 months ago

All eyes on the BOE ahead of European trading

The pound is in the same situation as the yen when it comes to the intervention play. The fundamentals dictate that the path of least resistance is still for a lower pound against the dollar.
#BOE #European #News #Business #Markets

2 months ago

Apple: Apple supplier BOE, others say operations hit by Sichuan power rationing

Supplier will make adjustments at its operations indue to power rationing in the region, it said in a stock market filing. It said that it was communicating with authorities and expected no major impact on its overall operating performance.
#BOE #Sichuan #BusinessIndustrial #ComputersElectronics #ConsumerElectronics

3 months ago

Chinese manufacturer BOE receives orders for iPhone 14 OLED screens: Report

Confirmed BOE's panels for the forthcoming iPhones on Thursday, and BOE intends to start mass producing them before the end of this month. The panels will be delivered in large quantities to in September, the month when the Cupertino corporation typically introduces new iPhone models.
#BOE #iPhone #Chinese #ComputersElectronics #ConsumerElectronics #InternetTelecom

5 months ago