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Search results: “Monetary policy”

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Monetary policySingle source

BoE may raise rates if high energy prices fuel inflation, Lombardelli warns

Bank of England deputy governor Clare Lombardelli said interest rates would probably need to rise if elevated energy prices kept inflationary pressures persistent. She said the size and duration of the energy shock remained materially uncertain.

  • The Bank of England may raise rates if high energy prices keep inflation persistent.
  • The US 30-year Treasury yield reached 5.4583%, its highest level in 22 years.
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The Guardian Business
Monetary policySingle source

Bank of England holds rates at 3.75% but signals hikes if energy costs persist

The Bank of England kept its main interest rate at 3.75% for a sixth consecutive meeting but warned it could raise rates if energy prices remain high. It now expects inflation to be slightly above 4% at the start of next year.

  • The Bank of England held its main rate at 3.75% for a sixth consecutive meeting.
  • Three of the nine MPC members voted to raise the rate to 4%.
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BBC Business
Inflation and monetary policySingle source

US consumer inflation held at 3.4% in August as energy costs rose after Iran tensions

Annual US inflation was 3.4% in August, unchanged from July. Energy-price increases after the U.S.–Iran ceasefire ended pushed gasoline and diesel higher while core inflation rose to 2.4% year-over-year, according to the US Bureau of Labor Statistics.

  • Annual US inflation was 3.4% in August, unchanged from July.
  • Gasoline rose 27.4% year-over-year and accounted for over one-third of the monthly increase.
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The Guardian Business
Bond marketsSingle source

Global bond sell-off resumes as oil tops $107 a barrel and yields spike

Investors resumed dumping government bonds after oil rose above $107 a barrel amid concerns over advances by Houthi rebels along the Red Sea. Yields jumped: 10-year UK gilts topped 5.37% and 10-year US Treasuries reached 4.92%.

  • Brent rose above $107 a barrel after reports of Houthi advances along the Red Sea.
  • 10‑year UK gilts topped 5.37%, the highest since 2007.
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The Guardian Business