Source: Bank of England The Bank of England hiked its key policy rate by 25 basis points and hinted at the possibility of additional rates in the coming months. EWU is down 2.24%, while EZU is down 2.36%. The Bank of England raised its Bank Rate by 25 basis points to 1% from 0.75% in March, following the rate hikes implemented in December, February, and March.The central … [Read more...] about England Hikes Rates Anew as Inflation Continues to Mark Historic Highs
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ECB to Continue With Gradual Winding Down of Bond-Buying Program in Q3
Source: Financial Times The European Central Bank will push through with the gradual reduction of its bond-buying program in the third quarter, even with inflation outlook risks intensifying. EZU is down 0.33%, while VGK is down 0.31%. ECB President Christine Lagarde said upside risks to inflation have “intensified,” but this is seen to weaken if demand softens in the … [Read more...] about ECB to Continue With Gradual Winding Down of Bond-Buying Program in Q3
