Fed’s Mester: Bank of England navigated stressful chapter well By Reuters
Economy 4 minutes ago (Nov 10, 2022 18:56)
© Reuters. FILE PHOTO: A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. REUTERS/Maja Smiejkowska
(Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said on Thursday the Bank of England did well navigating a recent round of market stress.
In restarting asset buying to tackle a period of heavy market stress last month, “that was a very difficult challenge, and I think (Bank of England officials) pulled that off very well,” Mester said.
Restarted Bank of England bond buying courted criticism from some quarters as it pushed back against the institution’s ongoing work to quell high levels of inflation.
Fed’s Mester: Bank of England navigated stressful chapter well
By Huw Jones LONDON (Reuters) – A European Union draft law forcing large companies to check if their suppliers use slave or child labour is facing calls from several member states…
By David Milliken LONDON (Reuters) -The Bank of England will start later this month to sell off some of the 19.3 billion pounds ($22.5 billion) of bonds which it bought to quell…
By Gertrude Chavez-Dreyfuss and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – With major cryptocurrency exchange FTX on the brink of collapse, some investors are beginning to…
Terms And Conditions
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.