Breaking: BOE hikes policy rate by 50 bps to 1.75% as expected
04.08.2022, 11:00

Breaking: BOE hikes policy rate by 50 bps to 1.75% as expected

Following its August policy meeting, the Bank of England announced that it raised the policy rate by 50 basis points to 1.75% as expected.

The policy statement revealed that Monetary Policy Committee (MPC) member Silvana Tenreyro voted to hike the rate by 0.25 basis points.

Follow our live coverage of the BoE policy announcements and the market reaction.

Market reaction

With the initial market reaction, the GBP/USD pair edged lower and was last seen trading unchanged on the day at 1.2145.

Key takeaways from policy statement as summarized by Reuters

"Mpc is provisionally minded to start gilt sales shortly after September MPC meeting, subject to economic and market conditions and a confirmatory vote."

"UK projected to enter recession in Q4 2022, recession to last 5 quarters, GDP to fall 2.1%."

"Inflation to peak at 13.3% in October 2022 (June forecast: "Slightly above 11%" in October 2022)."

"MPC will be particularly alert to indications of more persistent price pressures, will if necessary act forcefully."

"Risk that long period of externally generated inflation will lead to more enduring domestic price and wage pressures."

"Real household post-tax income to fall sharply in 2022 and 2023, largest 2-year fall since records began in 1964, consumption to fall."

"Labour market remains tight, domestic cost and price pressures elevated."

"Risks around forecasts are exceptionally large, MPC placing less weight on any single set of assumptions."

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik