BOE HOLDS INTEREST RATES, HALTS SALES OF LONG-TERM BONDS
The Bank of England (BoE) has just made an important decision to reduce pressure on the financial markets.
Keep interest rates unchanged: The BoE decided to maintain the interest rate at 3.75% with a voting split of 6–3.
Stop selling long-term bonds: This landmark move helps relieve stress in the bond market.
Market reaction: The bond market immediately surged; the yield on UK government bonds with a 30-year maturity fell by about 12 bps, while the wave of rising yields worldwide cooled down.
Policy outlook: The BoE is accepting the priority of stabilizing the bond market, even though the inflation problem has not yet fully eased.
The information above is for global macro updates only. It is absolutely not investment advice or a basis for “betting” on exchange rates. If you’ve already heard this news and jumped into “dancing along” with bonds or currency, and ended up burning your account, ad respectfully won’t be able to save your wallet—so please don’t expect condolences applause from me, okay!
#BankOfEngland #InterestRates #BondMarket #GlobalEconomy #MacroNews
The Bank of England (BoE) has just made an important decision to reduce pressure on the financial markets.
Keep interest rates unchanged: The BoE decided to maintain the interest rate at 3.75% with a voting split of 6–3.
Stop selling long-term bonds: This landmark move helps relieve stress in the bond market.
Market reaction: The bond market immediately surged; the yield on UK government bonds with a 30-year maturity fell by about 12 bps, while the wave of rising yields worldwide cooled down.
Policy outlook: The BoE is accepting the priority of stabilizing the bond market, even though the inflation problem has not yet fully eased.
The information above is for global macro updates only. It is absolutely not investment advice or a basis for “betting” on exchange rates. If you’ve already heard this news and jumped into “dancing along” with bonds or currency, and ended up burning your account, ad respectfully won’t be able to save your wallet—so please don’t expect condolences applause from me, okay!
#BankOfEngland #InterestRates #BondMarket #GlobalEconomy #MacroNews