20:02:33
Vincent, Deputy Governor of the Bank of Canada: When the Bank of Canada said in July that downside risks were becoming more important, some people took it to mean that we believed downside risks had strengthened.
20:02:08
Bank of Canada Deputy Governor Vincent: The need to reach consensus on interest rates enhances the effectiveness of the decision-making process.
19:49:38
U.S. Transportation Secretary Buttigieg: Electric vehicle charging station goals are "on track."
19:47:31
U.S. Transportation Secretary: I believe both sides want to reach a solution to the Boeing strike.
19:47:01
The Stoxx Europe 600 index extended its gains to 1.5%, hitting a new intraday high.
19:12:20
Bank of England: Inflation will rise to around 2.5% in the fourth quarter of 2024 (estimated in August to be around 2.75%).
19:07:59
Interest rate futures show that the probability of a rate cut by the Bank of England in November is 66%, and the market has fully priced in a rate cut before the interest rate decision.
19:05:47
Bank of England: In the fourth quarter of 2024, the Bank of England will hold an auction of short-term gilts of £800 million, an auction of medium-term gilts of £750 million, and an auction of long-term gilts of £600 million.
19:04:43
Bank of England Governor Bailey: Since the August meeting, inflation pressure has continued to ease and the overall economic performance has been in line with expectations.
19:04:31
Bank of England: Policy needs to remain tight until inflation risks subside.
19:04:19
Bank of England: Inflation is expected to rise to 2.5% by the end of the year.
19:03:54
Bank of England: Will continue to reduce its holdings of government bonds as evenly as possible across the various maturities.
19:03:14
The Bank of England reiterated that monetary policy needs to remain tight for a long enough time.
19:03:11
Interest rate futures prices suggest the Bank of England will cut rates by 42 basis points by the end of the year, compared with 52 basis points before the announcement.
19:02:42
Bank of England: Staff predicts that GDP will grow by 0.3% quarter-on-quarter in the third quarter (forecast in August was 0.4%), and the basic growth rate in the second half of the year will be 0.3%.
19:02:26
Bank of England: Quantitative tightening is progressing smoothly and no evidence of damage to market functioning has been found.
19:02:01
Bank of England: Wage and price setting have continued to normalize.
19:01:42
Bank of England Governor Bailey: We need to be cautious and not cut interest rates too quickly or too much.
19:01:15
Bank of England: No one voted to raise interest rates.
19:01:02
The Bank of England voted 8 to 1 to keep its base rate unchanged at 5%.