Morning Bid: Bank of England to test cut assumptions

Prices at the Pumps - May 8, 2024 #saltwire #pricesatthepumps #gaspricesThe Bank of England is not expected to move interest rates today. But markets price an almost 50-50 chance of a cut in June, so the focus is on whether policymakers deliver any groundwork for loosening policy in six weeks' time.Academic Swati Dhingra already voted for a cut in March and some figure on Deputy Governor Dave Ramsden joining her this month.

Britain's FTSE 100 made a record high on Wednesday, partly underpinned by hopes of imminent rate cuts. Bank of Japan minutes showed a hawkish shift in April, and some members eyed the prospect of faster-than-expected rate hikes should inflation start to seem durable. On the Middle East, U.S. President Joe Biden for the first time publicly vowed to withhold weapons from Israel if its forces make a major invasion of Rafah in southern Gaza.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Morning Bid: Bank of England to test cut assumptionsThe Bank of England is not expected to move interest rates today. Academic Swati Dhingra already voted for a cut in March and some figure on Deputy Governor...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Morning Bid: Bank of Japan center stage, US tech supportsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Morning Bid: Bank of Japan center stage, US tech supportsAsia's market spotlight on Friday falls on the Bank of Japan's policy announcement, as the cat-and-mouse game of when or if Tokyo intervenes in the currency ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Morning Bid: Markets subdued, China trade to reboundExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Morning bid: Stocks buoyant as Sweden cuts, oil skidsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Morning bid: Stocks buoyant as Sweden cuts, oil skidsWall Street looks to have brushed off the latest hawkish Federal Reserve noises and Disney's outsize swoon, with European bourses stalking new records as...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »