Jump to content

IMF warns Bank of England against inflation inaction ahead of key vote


Recommended Posts

image.png

image.png

image.png

LONDON — The International Monetary Fund has urged the Bank of England to avoid “inaction bias” as it gears up for a key vote Thursday on when to hike interest rates in the face of high inflation.

The Bank’s Monetary Policy Committee surprised markets in November by voting 7-2 to keep its benchmark interest rate at its historic low of 0.1%. Governor Andrew Bailey acknowledged that the “warning signs are there” on inflation, but said policymakers would need to see more data from the labor market to assess the effects of the country’s furlough scheme before tightening policy.

Full story: CNBC

Link to comment

image.png

image.png

image.png

With inflation surging and the omicron Covid variant expected to spread through the region, the European Central Bank has the unenviable task of presenting its policy outlook for 2022 on Thursday.

The rise in the cost of living for the euro area (the 19 nations that share the euro) reached a record high of 4.9% in November, while omicron looks likely to become the dominant coronavirus strain with some European economies already locked down due to the delta variant.

https://www.cnbc.com/2021/12/15/european-central-bank-heads-into-pivotal-meeting-with-omicron-infections-rising.html

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      20,005
    • Total Posts
      87,988
    • Total Members
      68,997
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    noblecorner25
    Joined 27/09/22 02:16
  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, 26 September 2022, Ethereum(ETHUSD) ETHUSD Elliott Wave Technical Analysis Mode: Corrective Structure: Zigzag Position: Wave ((C)) Direction Next higher Degrees: Impulse wave II Details: Wave ((C)) maybe is complete, and the price may rise again Wave Cancel invalid Level: 1220 Ethereum(ETHUSD) Trading Strategy: Bul Market Efforts The price tends to trade above the 2031.39 level as MACD Histogram has a Bul ish divergence, and the price has an opportunity reversal, This could be an opportunity to open a long position. Ethereum(ETHUSD)Technical Indicators: MACD and MACDHistogram has a Bullish divergence, and the price has an opportunity reversal. TradingLounge Analyst: Kittiampon Somboonsod Source: tradinglounge.com  Get Trial Here!       Elliott Wave Analysis TradingLounge 4H Chart, 26 September 2022, Ethereum(ETHUSD) ETHUSD Elliott Wave Technical Analysis Mode: Corrective Structure: Zigzag Position: Wave ((C)) Direction Next higher Degrees: Impulse wave II Details: Wave ((C)) maybe is complete, and the price may rise again Wave Cancel invalid Level: 1220 Ethereum(ETHUSD) Trading Strategy: Bul Market Efforts The price tends to trade above the 2031.39 level as MACD and MACD Histogram has a Bul ish divergence, and the price has an opportunity reversal, This could be an opportunity to open a long position. Ethereum(ETHUSD) Technical Indicators: MACD and MACDHistogram has a Bullish divergence, and the price has an opportunity reversal.
    • Bitcoin BTC-USD Elliott Wave Technical Analysis TradingLevels. Price Prediction Today  Bitcoin Headline News:Grayscale's GBTC Discount to NAV Breaks Records as Spread Widens by More Than 35% Crypto Market Summary Bitcoin Elliott Wave Analysis:  Corrective rally as Wave (ii) for BTC to 21,000 Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com    
    • DAX Performance Index ^GDAXI INDEXDB: DAX 40 Chart and Forecasts. FTSE 100 Index, EURO STOXX 50, Forex EURUSD GBPUSD DXY Dollar Index Elliott Wave Technical Analysis European Stock Market Daily News Headlines:Sterling GBPUSD plunges to all-time low in scathing appraisal of fiscal plan close to parity. Market Indices Overview: The corrective rally competed nicely and Wave (iv) of 3 lower is on track for short positions, after the next Wave iv) of 3 Elliott Wave Trading Strategy: Expect sideways choppy markets for the next three trading sessions. Wide stops and short corrective rallies as pointed out in the todays video Video Chapters 00:00 DAX 40 (GDAXI)  13:40 EURO STOXX 50 15:45 UKX / FTSE 100  18:24 Forex GBPUSD / EURUSD / DXY  30:41 Thanks for watching! Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com    
×
×
  • Create New...