The Bank of England postponed next week's Monetary Policy Committee meeting, which is widely expected to raise interest rates on . Central Bank said the September meeting will be postponed by a week due to the national mourning period after the Queen's death. The new interest rate resolution will be announced on September 22.
"Given that the UK is currently in a national mourning period, the meeting of the Monetary Policy Committee in September 2022 has been postponed for one week," the spokesperson said. After 50 basis points in August, the money market has been forecasting a 75 basis point hike at next week's meeting. It will be the biggest rate hike since the Bank of England's independence in 1997.
committee members insist that interest rate makers are committed to bringing inflation back to the 2% target, despite differences in the speed and extent of currency tightening. The delay was announced only after the Bank of England assured consumers that the banknotes with the portrait of the queen would continue to be fiat currency. Once a mourning period is observed, further announcements about notes will be issued.
Threadneedle Street said that Queen Elizabeth is the first monarch to appear on Bank of England banknotes. Bank President Andrew Bailey said: "I am deeply saddened to learn about the death of Her Majesty. On behalf of everyone in the bank, I would like to express my deepest condolences to the royal family." For most of us, she is the only head of state we know and will be remembered as an inspirational figure in our country and the Commonwealth. ”
UK uncertain future, pound rose as the dollar fell
0000 on Friday, with most major currencies hitting a recent strengthening against the dollar, ending a turbulent week, pound hitting a 35-year low, Britain ushering in a new prime minister, Queen Elizabeth died. pound rose more than 1% to $1.1646 in early London trading, the highest level of the month, and then gave up the gains, with the latest gains up 0.7% to $1.158. The pound was much more modest against the euro. The euro fell slightly to 86.81 p .
Euro rose 1% against the dollar at one point By three-week highs, the yen, AUD, Swiss franc and Canadian dollar also rose sharply against the dollar, but later gave up a little. The yen and euro hit multi-year lows this week, with the pound falling to $1.1407 on Wednesday, at 1985 The lowest since the year.
"We finally see central banks oppose the stronger dollar, and we are starting to see fiscal authorities react to the cause of this, especially in Europe," Harvey said.
He pointed out that the yuan exchange rate strengthened earlier in the day, the Bank of Japan officials made more radical comments on the recent plunge of the yen, more fiscal support from Europe, and an unprecedented hike of the hawkish ECB meeting on Thursday.
On Thursday, the new British Prime Minister Leeds Trass broadened the European governments The broad action narrative contributed, announcing a plan to limit consumer energy costs for two years and invest billions of dollars in support of electric company .
Investors are still watching the specific details of how to fund the program, and how Trass and her new administration will cope with the very difficult situation of soaring inflation and slowing economy.
月大全娱乐游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台成游戏女台� 25 years ago, the central bank postponed its monetary policy meeting for the first time since its independent operation. BMO Capital Markets analysts said the delay and the rise in oil prices were the reason for the pound to fall below $1.16.
Source Times , ukalfa.cn
