News

Tata Electronics of India and Fujifilm signed a memorandum of understanding on semiconductor materials.

ECB Governing Council member Rehn: We can reduce red tape in the European banking and financial sector, but a strong capital buffer remains crucial.

The yield on 30-year UK government bonds fell 5.9 basis points on the day, currently trading at 5.8003%.

UBS: Rising fiscal deficits, increased debt burdens, a weakening dollar, and market expectations that the Federal Reserve will resume its accommodative policy next year should support gold, although short-term volatility is possible.

Bank of England Governor Bailey: If the Middle East conflict continues for an extended period and the risk of a second wave of impact increases, policy may need to be tightened.

ECB Governing Council member Rehn: The tightness of the Eurozone labor market after the Ukraine conflict and the post-pandemic crisis is not the same as in 2022.

Bank of England: Inflation is expected to reach 3.75% by the end of 2026.

Bank of England Monetary Policy Committee member Dingella: The Bank of England's interest rates are significantly higher than those of its European counterparts.

Bank of England Chief Economist Peel: Inflation caused by the conflict with Iran continues to rise, increasing the risk of a second round of effects.

Bank of England Governor Bailey: Energy prices have risen sharply since July.

Bank of England: Inflation is likely to rise in the coming quarters. Economic activity is slightly stronger than expected.

The Bank of England will release operational details of its multi-annual program by April 2027.

The Bank of England: Its quantitative easing exit plan will include selling £20 billion of UK government bonds annually while allowing existing holdings to mature. (Bank of England market survey: The market expects active sales of £19.5 billion in 2026/27.)

Bank of England: GDP growth is expected to be 0.4% in the third quarter (compared to a 0.1% growth forecast in July).

The Bank of England reiterated its July statement, saying that so far there is “virtually no evidence” of a substantial double-dip inflation effect.

Bank of England: Inflation risks are tilted to the upside compared to the central forecast in July.

The Bank of England announced that auctions of UK government bonds under its Asset Purchase Facility (APF) will be suspended until April 2027. During this period, the Bank of England will consider selling UK government bonds to the government rather than selling them on the market.

The Bank of England's Monetary Policy Committee voted 9-0 to gradually exit quantitative easing at an average annual rate of £46 billion, a policy that will continue until 2034 (the Bank of England's market surveys expect a reduction of £50 billion in 2026/27).

The Bank of England maintained its interest rate guidance, stating that it would take action if necessary.

The Bank of England's interest rate decision on September 17th was 3.75%, in line with expectations and unchanged from the previous value.