Synonyms that are in the dictionary are marked in green. Synonyms that are not in the dictionary are marked in red.
Antonyms that are in the dictionary are marked in green. Antonyms that are not in the dictionary are marked in red.
“However, the major banks are passing on merely a fraction of the increase in the central bank rate since 2022,” he stressed.
On the flip side, if the BOE delivers a surprise today and raises the bank rate by 50 bps to 5.00%, then that will be massively disappointing for those betting on a more timid policy approach.
Source: https://www.forexlive.com/news/whatever-the-boe-decides-today-there-will-be-disappointment-20230622/
Over 80% of homeowners are on fixed-rate deals and will be protected from any immediate rise in mortgage repayments following the bank rate increase.
Source: https://www.birminghammail.co.uk/news/midlands-news/banks-not-hiking-mortgage-rates-27180410
Similar to the euro area readings earlier, this just prompts further questions about the resolve of the BOE and it comes just a day after they raised the bank rate by 50 bps in a surprise move.
Source: https://www.forexlive.com/news/uk-pmi-helps-to-reaffirm-the-market-mood-so-far-today-20230623/
This largely stems from the Bank of England's quantitative easing programme through which it effectively replaced longer-dated government bonds with very short-term central bank reserves, linked directly to the bank's bank rate.
Source: https://www.irishexaminer.com/business/economy/arid-41183476.html