Economy
Japan inflation slows as markets anticipate Bank of Japan rate hike
US Fed raises interest rates for first time in three years
Bank of England Overhauls Gilt Sales Plan to Ease Bond Market Pain
The Bank of England held interest rates unchanged at 3.75% and announced an overhaul of its quantitative tightening program, scrapping plans to sell long-dated gilts to relieve pressure on the UK bond market, while officials warned that Middle East conflicts could drive up inflation and necessitate future hikes.
- The Bank of England scrapped plans to sell long-dated gilts.
- UK government bonds flipped to gains following the policy shift.
- The Bank of England held interest rates at 3.75%.
- Officials warned that Middle East conflict could spark future rate hikes.
Argentina economy posts first quarterly contraction since 2024
Warsh Suggests Fed Rate Hike Is Good-News Story, Touting Growth
France Seeks Deficit Reduction After Missing 2026 Target, Risking Government Stability
India’s RBI Drains $5.2 Billion From Lenders Through Debt Sales
French PM to propose €54B budget squeeze for 2027
Chinese Yuan Hits Multi-Year High After PBOC Fixing
Household income hits record, but lower earners lose ground
Gas and diesel prices spike as experts warn of further increases amid Iran conflict
Canada long-term bond auction draws highest yield since 2007
UK Prime Minister Andy Burnham commits to reaching net zero by 2050
Broad Rise in US Retail Sales Highlights Resilient Consumer
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