Bank of England intervenes in bond market after historic sell-off
The Bank of England will suspend the planned start of its gilt selling next week and begin temporarily buying long-dated bonds to calm recent market chaos.
The Bank of England will suspend the planned start of its gilt selling next week and begin temporarily buying long-dated bonds to calm recent market chaos.
The changing market conditions has led some lenders to change their product offerings.
The first fiscal policy announcement from new British Prime Minister Liz Truss’s government has been met with one of the worst market reactions in modern history.
Italians head to the polls Sunday in a nationwide vote that could return the country’s first female prime minister.
Billed as a “mini-budget” by her Finance Minister Kwasi Kwarteng, Friday’s fiscal announcement was anything but with a volume of tax cuts not seen in Britain since 1972.
The embattled British pound fell more than 2% against the dollar, after the new U.K. government announced a radical economic plan in a bid to boost growth.
The Bank of England voted to raise its base rate to 2.25% from 1.75% Thursday, lower than the 0.75 percentage point rise that had been expected by many traders.
Putin has put the Russian people and economy on a wartime footing as Moscow’s invasion of Ukraine continues.
Ether has fallen more than bitcoin since the Ethereum network underwent a huge upgrade called the merge.
Philippines, followed by Indonesia, stood out as the countries most vulnerable to India’s rice export ban the ban, according to Nomura.