Summary The Bank of England (BoE) raised its policy rate aggressively at today monetary policy announcement, raising its Bank rate by 75 basis points to 3.00%. However, there were also signals from the BoE that the pace of tightening will likely slow going forward. First, while all policymakers voted to raise interest rates, the size […]
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Markets This morning, (Asian) markets were ‘unsettled’ as US president-elect Trump via his ‘Truth’ social network announced additional tariffs on Canada and Mexico (25%) as he assesses they don’t do enough to stop what he Read more…
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US Conference Board Consumer Confidence Index increased to 111.7 in November, up from 109.6 in October, though slightly below the expected 112.0. Present Situation Index, which reflects consumers’ views on current economic conditions, saw a Read more…