ADVERTISEMENT
BOE Policy, ECB Inflation Warning, Lira Unraveling: Eco Day
BOE Policy, ECB Inflation Warning, Lira Unraveling: Eco Day
24 Nov 2021, 01:54 PM IST
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Welcome to Wednesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
- Bank of England Governor Andrew Bailey said policy makers eventually will have to unwind the 895 billion pounds ($1.2 trillion) in bond purchases it made during the pandemic
- Separately, traders and economists are convinced that the BOE will increase rates in December, but students of the central bank’s history may harbor more doubts
- Meanwhile, former Bank of England Governor Mervyn King said inflation pressures are back for good
- European Central Bank Vice President Luis de Guindos said factors stoking inflation in Europe are becoming more structural
- Isabel Schnabel might have one of the most awkward jobs in global economics -- as a German policy maker at the European Central Bank
- More than 130 million pounds in U.K. Covid loans went to inactive or brand-new firms, despite a requirement that borrowers had to be negatively affected by the pandemic, according to a Bloomberg News review
- The supply crunch is showing some signs of easing in the U.S. -– but it’s still getting worse in Europe, according to Bloomberg Economics’ new set of supply indicators
- The unraveling of the Turkish lira threatens to erode Recep Tayyip Erdogan’s grasp on the economy and is already emboldening his political opponents
- New Zealand’s central bank raised interest rates for the second time in two months and signaled more aggressive policy tightening may be needed to slow inflation; the Bank of Korea is expected to follow suit with a 25 basis-point hike on Thursday
- China’s top economic official vowed to stick with curbs in the property market, under the slogan “houses are for living in, not for speculation”
©2021 Bloomberg L.P.
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT