NYTIMES (Eshe Nelson) - Bank of England Holds Rates Steady but Warns of Inflation Pressures
The decision was announced a day after data showed the fastest pace of price increases in months.
AXIOS (Neil Irwin) - Top central bankers align on rewriting the policy playbook
It's not just an American thing. Central bankers from other top Western democracies also believe that they should communicate less about where policy is going. Why it matters: There was striking alignment of views among the heads of the European Central Bank, Bank of England, Bank of Canada and the U.S. Federal Reserve on display in Portugal. - It suggests that Kevin Warsh's ascent to Fed chairmanship is helping trigger a global turning of the page on some of the monetary policy assumptions of the last couple of decades. State of play: Warsh has been a longtime critic of forward guidance , of central banks laying out explicitly what they anticipate doing in the future. He had like-minded company on stage at the ECB's annual conference in…
NYTIMES (Eshe Nelson) - Inflation Will Linger Despite U.S.-Iran Deal, British Officials Warn
Bank of England policymakers kept interest rates on hold, saying the impact of the war in Iran was still a major source of uncertainty for the economy.
NYTIMES (Matina Stevis-Gridneff) - ‘A Dangerous Bluff’: Carney Likens Alberta Referendum to Brexit
The Canadian prime minister, who was the governor of the Bank of England when Britain voted to leave the European Union, said the Alberta referendum on separating from Canada could backfire.
| Keywords | canadaalbertapoliticsmark-carneybrexitreferendumseparationcanadian-politicsbank-of-englandukeuropeeuropean-unionnational-sovereigntypopulismpolitical-newsinternational-relations |
NYTIMES (Eshe Nelson) - Rising Fuel Prices Could Force Excruciating Choices on Economic Policies
The European Central Bank and Bank of England were expected to hold interest rates steady on Thursday while searching for signs of possible longer-term damage.
NYTIMES (Eshe Nelson) - Europe Braces for a Spike in Inflation
Investors are betting that the European Central Bank and the Bank of England will raise interest rates this year.
| Keywords | europeinflationinterest-ratesecbbank-of-englandeconomyfinancemonetary-policygeopoliticsiranwarnytimesinvestorscost-of-livingukeumacroeconomicsfinancial-markets |