Bank of England (BoE) news

The Bank of England (BoE) is the central bank of the United Kingdom. Its primary objective is to maintain price stability, targeting a 2% inflation rate. The BoE uses interest rate adjustments and quantitative easing to influence the economy and achieve its inflation target. It also plays a key role in ensuring financial stability in the UK.

Podcast - BoE, SNB and CBRT raise rates, bitcoin hits $30,000

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the latest interest rate decisions from the BoE, SNB, and CBRT, Wednesday's testimony from Fed Chair Jerome Powell and bitcoin hitting $30,000.

22-06-2023 10:29 GMT by Craig Erlam

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Hawks in charge of Central Bank-a-Palooza (BOE, CBRT, Norges)

BOE raises rates by 50bps to 5.00% (not expected) CBRT raises rates 650bps to 15.00% (less-than-expected) Norges raises rate 50bps to 3.75% (not expected) The European growth picture isn't looking good at all. After a steady dose of hawkish central bank decisions, it appears clear that tightening from here on out will torpedo the European economy. BOE The BOE’s inflation fight will force them to tank the UK economy. The British pound rallied after the BOE delivered a half-point rate

22-06-2023 08:55 GMT by Edward Moya