19:30:02
The annual rate of layoffs among challenger companies in the United States in July was 9.2%, compared with 19.80% in the previous month.
19:28:48
Money markets currently expect the Bank of England to cut interest rates again in November. They put the chance of a further 25 basis point cut by then at just under 90%.
19:26:03
Egypt says it is working with Saudi Arabia to boost bilateral investment.
19:20:00
Bank of England Governor Bailey will hold a monetary policy press conference in ten minutes; the number of layoffs by Challenger companies in the United States in July will be announced in ten minutes.
19:17:57
Sources said the OPEC+ Joint Ministerial Monitoring Committee (JMMC) meeting will not make recommendations on oil production policy.
19:17:37
Money markets are pricing in about a 50-50 chance of a 25 basis point rate cut by the Bank of England in September.
19:13:46
The OPEC+ Joint Ministerial Monitoring Committee (JMMC) meeting began and no policy changes were expected to be recommended, sources said.
19:10:03
Bank of England: If the impact of quantitative tightening is greater than expected, the level of bank interest rate provides room for more relaxed policy if necessary.
19:07:31
Bank of England: Consumer price index is expected to rise to around 2.75% in the second half of 2024 as the energy base effect weakens.
19:07:12
Bank of England: The unemployment rate is expected to be 4.4% in the fourth quarter of 2024 (forecasted at 4.4% in May); 4.7% in the fourth quarter of 2025 (forecasted at 4.7% in May), and 4.7% in the fourth quarter of 2026 (forecasted at 4.8% in May).
19:07:07
Bank of England: Private sector wage growth is expected to be 5.0% in the fourth quarter of 2024 (5.00% forecast in May), 3.0% in the fourth quarter of 2025 (3.0% forecast in May), and 2.75% in the fourth quarter of 2026 (2.75% forecast in May).
19:06:21
Bank of England: There is uncertainty about the interaction between lowering bank rate and quantitative tightening.
19:06:17
Bank of England Governor Bailey: The easing of inflationary pressures is enough for the central bank to cut interest rates today.
19:05:37
Bank of England: Policy will remain restrictive "for long enough".
19:05:17
Bank of England: Will closely monitor the risks of continued inflation.
19:05:07
Bank of England: Will decide the "appropriate" degree of policy restrictiveness at each meeting.
19:04:45
Bank of England: GDP rebounded sharply, but the underlying momentum appears weak.
19:04:42
Bank of England: Inflation risks are tilted to the upside.
19:04:17
Bank of England: Inflation pressure is expected to ease in the coming years due to restrictive policies.
19:04:12
Traders increased bets on the Bank of England to cut interest rates, with expectations for another 35 basis point reduction in 2024.