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Another Bank of England Interest Rate Hike
May 11, 2023
As expected, the Bank of England’s Base Rate was increased by 25 basis points to 4.50%, although two of the nine members of the Monetary Policy Committee voted to leave the rate at 4.25%. By tightening again on top of 75 basis points of increase earlier this year and rate hikes from 0.10% at the […] More
New Overnight Developments Abroad - Daily Update
Lower Inflation But Spreading Troubles for Regional Banks
May 11, 2023
Investors remain edgy. PacWest is the latest bank to report a big exodus of deposits. Disney stock dropped sharply. The standoff in the debt ceiling talks hasn’t shown any sign of cracking. Equities closed down 0.8% in China, Indonesia, Taiwan and Australia. The German Dax and Dow Jones Industrials are also off 0.8% so far […] More
