Jeremy Hunt revealed plans to prioritise "smart tax cuts" in the upcoming Budget
Listen now
Description
Bank of England (“BOE”) Deputy Governor, Sir Dave Ramsden asserted this week that inflation pressures in the UK remain too high, emphasising the need for more evidence of easing before contemplating a cut in interest rates. Additionally, Ramsden suggested the possibility of the BOE selling all UK government bonds purchased under Quantitative Easing (“QE”) to be more prepared for future crises. The move aims to safeguard public finances, as the Treasury underwrites losses incurred on these asset sales. Ramsden clarified that other liquidity tools would replace QE. Stocks featured: Howden Joinery, Ocado and Reckitt Benckiser Group To find out more about the investment management services offered by Walker Crips, please visit our website: https://www.walkercrips.co.uk/ Hosted on Acast. See acast.com/privacy for more information.
More Episodes
There is a continued expectation that the Bank of England ("BOE") will be cautious in lowering interest rates, unlike during past rate-cutting cycles. Bloomberg and Reuters reported concerns about inflation reaccelerating if rates are lowered too quickly due to past downturns such as those in...
Published 05/21/24
Last week, the Bank of England ("BOE") decided to maintain interest rates at 5.25%. However, two out of nine officials from the Monetary Policy Committee ("MPC") voted in favour of an interest rate cut, demonstrating a more dovish view and increasing market expectations for a rate cut in June....
Published 05/14/24
Published 05/14/24