Latest News

BoE won’t accept interference over interest payments to banks – Pill

BoE won’t accept interference over interest payments to banks: Pill By Reuters

Breaking News

‘;

Economy 3 minutes ago (Nov 24, 2022 12:27)

© Reuters. FILE PHOTO: A general view of the Bank of England building, in London, Britain, August 4, 2022. REUTERS/Maja Smiejkowska//File Photo

LONDON (Reuters) – The Bank of England will not accept interference with the system of paying interest to banks from reserves issued by the central bank, BoE Chief Economist Huw Pill said on Thursday.

“From the Bank’s point of view, from a monetary policy perspective, we want to be able to set Bank Rate and have it transmit through the money market effectively,” Pill said at a conference hosted by King’s College London.

“Anything that interferes with that is something that I think the Bank cannot accept.”

BoE won’t accept interference over interest payments to banks: Pill

UK to set N.Ireland budget in absence of devolved governmentBy Reuters – Nov 24, 2022

LONDON (Reuters) – The British government said on Thursday it would set the 2022/23 budget for Northern Ireland in the absence of a functioning devolved government there. “We…

Turkish Central Bank Cuts Rate to 9% and Ends Easing CycleBy Bloomberg – Nov 24, 2022

(Bloomberg) —
Turkey’s central bank said it’s ending its monetary easing cycle after bowing to a call by President Recep Tayyip Erdogan to take interest rates into single digits…

China COVID woes, Fed minutes hit dollar, CZ’s crypto fund – what’s moving marketsBy Investing.com – Nov 24, 2022

By Geoffrey Smith 
Investing.com — It’s Thanksgiving, and U.S. stock markets are closed for a well-deserved rest. The rest of the world is giving thanks for a set of Fed minutes…

Our Apps



Terms And Conditions
Privacy Policy
Risk Warning

© 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

More in:Latest News

Leave a reply

Your email address will not be published. Required fields are marked *