Monday, 23 April 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Bank of England Holds Key Interest Rate at 0.5% in 7-2 Vote
Thursday, 22 March 2018 19:24 WIB | FISCAL & MONETARY |BOE

The Bank of England on Thursday left its key interest rate at 0.5%, meeting widely held expectations.

The Monetary Policy Committee voted 7-2 to make no changes in policy, a decision that comes as inflation has slowed to a 2.7% rate but is still above the bank's 2% target. "The firming of shorter-term measures of wage growth in recent quarters and a range of survey indicators suggest pay growth will rise further in response to the tightening labour market.

This provides increasing confidence that growth in wages and unit labour costs will pick up to target-consistent rates," the bank said in a statement. The size of the bank's asset purchase program was held at £435 billion ($615 billion) and the corporate-bond purchase program was left at £10 billion. The pound jumped to $1.4217 from $1.4166 before the decision. Sterling late Wednesday traded at $1.4140.

Source : Market Watch

RELATED NEWS
PBOC Cuts Reserve Ratio in Tweak to Steady China Bank Liquidity...
Wednesday, 18 April 2018 08:45 WIB

People Bank of China (PBOC) mengatakan akan memangkas rasio cadangan-syarat bagi beberapa bank untuk mengurangi biaya pendanaan mereka dan pada gilirannya membantu meringankan kondisi untuk bisnis dan...

RBA Sees Economy Growing Faster Than Its Potential Rate in 2018...
Tuesday, 17 April 2018 08:51 WIB

Perekonomian Australia tahun ini diperkirakan tumbuh lebih cepat daripada batas kecepatannya - diperkirakan 2,75 persen oleh Treasury - dengan inflasi tepat di atas bagian bawah targetnya, bank sentra...

ECB sees trade wars as a risk to Europe's economy...
Thursday, 12 April 2018 19:09 WIB

Pejabat Bank Sentral Eropa memperingatkan pada pertemuan kebijakan Maret mereka bahwa perang perdagangan dan penguatan euro berisiko merusak pemulihan ekonomi zona euro, memperlihatkan kewaspadaan ECB...

Fed Minutes From March Meeting Reinforce View That More Rate Hikes Are Coming...
Thursday, 12 April 2018 01:18 WIB

Risalah pertemuan Komite Pasar Terbuka Federal 20-21 Maret yang dirilis Rabu menunjukkan "semua" peserta melihat adanya kemungkinan beberapa kenaikan suku bunga lainnya. Alih-alih membahas apakah aka...

Fed lifts rates in Powel's first meeting, says economic outlook has strengthened...
Thursday, 22 March 2018 01:40 WIB

Federal Reserve pada hari Rabu menaikkan suku bunga utama AS seperti yang diharapkan dan optimis tentang jalan ke depan sembari mengatakan prospek ekonomi telah menguat meskipun beberapa perlambatan p...

POPULAR NEWS
U.S. Stocks Slump in Broad Decline, Apple Shares Tumble

U.S. stocks closed lower on Friday, with major...

Hong Kong stocks hit as tech, real estate firms fall (Review)

Hong Kong shares ended the week with sharp...

Hong Kong stocks surge, boosted by energy sector rally (Reiew)

Hong Kong stocks surged more than one percent on...

LATEST NEWS
Hong Kong stocks hit as tech, real estate firms fall (Review)

Hong Kong shares ended the week with sharp losses as technology firms tracked a sell-off in Apple, while real estate firms were hit by worries about rising interest rates. The Hang Seng Index fell 0.94 percent, or 290.11 points, to 30,418.33. The...

U.S. Stocks Slump in Broad Decline, Apple Shares Tumble

U.S. stocks closed lower on Friday, with major indexes slumping in a broad decline. While Wall Street posted a second straight positive week, the selloff heavily eroded the week's gains. The Dow Jones Industrial Average fell 0.8% to 24,463. The...

Oil Ends The Day Slightly Higher, up 1.5% For The Week

Oil prices settled modestly higher Friday, shaking off earlier short-lived weakness sparked by a tweet from U.S. President Donald Trump, to finish the week with a 1.5% gain. Trump had blamed OPEC for what he called "artificially high" oil prices,...