Goldman Sachs: Bank of England to hold off on hiking rates until February December 8, 2021 Goldman Sachs have reined in their bet on the Bank of England hiking interest rates at their next meeting due to uncertainty over the trajectory of the Omicron variant. The Wall Street giant had previously expected the Bank to raise rates 15 basis points at its next meeting of rate setters on 16 December. However, [...]
Crypto chief executives testify on Capitol Hill as US mulls regulation December 8, 2021 The chief executives of the biggest firms in the crypto space including Coinbase, FTX and Bitfury have been called to testify before congress.
OneWeb moves satellite production to the UK injecting £2.3bn into space sector December 8, 2021 Taxpayer-backed satellite operator OneWeb has announced this afternoon that it plans to spend $3bn (£2.2bn) to move manufacturing from the US to the UK.
NFTs – the death knell of mortgages? December 8, 2021 The advent of blockchain, distributed ledgers and automated market makers has now allowed the exchange of titles instantly with 100 per cent surety on their authenticity at all times.
The City View: December 7: Interest rates and the future of SSE December 7, 2021 In today’s episode, City A.M. editor Andy Silvester sits down with economics and markets correspondent Jack Barnett to read the runes on the latest economic data and what it might suggests about the Bank of England’s next move. Andy also looks at new house price numbers, trouble with activists at SSE and growing activity from [...]
Gibraltar to integrate blockchain into government systems December 7, 2021 The government of Gibraltar has today announced plans to use blockchain technology to help with the delivery of public services.
Outlook 2022: Global economy December 7, 2021 2022 is set to be another good year for growth, albeit the recovery is likely to remain unbalanced. Anticipated withdrawal of emergency levels of support will play important role in shaping outlook. Risks include higher-than-expected inflation and weaker growth. The emergence of the Omicron Covid variant has reminded us of the uncertainties which remain around [...]
The City View: December 6: Inflation, Labour’s pro-business push and flooding risks December 6, 2021 Today Andy Silvester looks at a warning from a top Bank of England rate-setter, news from the digital ads market, Chinese property firm Evergrande’s latest struggles against its debt burden and more news on the new Covid variant. Andy is also joined by Sascha O’Sullivan and Elena Siniscalco, who offer their views on politics, Keir’s [...]
Top Bank of England rate setter warns inflation will breach five per cent soon December 6, 2021 A top rate setter at the Bank of England has today warned inflation will soar far above the Old Lady’s target and breach five per cent. Ben Broadbent, a deputy governor at the Bank, said in a speech in Leeds “in the spring of next year… [inflation] will probably climb comfortably through five per cent, [...]
Warnings housing market may ‘enter bubble territory’ if lending checks eased December 6, 2021 The Bank of England is readying itself to relax mortgage lending rules despite fears it will trigger a housing bubble, it has been reported. The Telegraph reported that policymakers are looking at relaxing affordability checks for borrowers. The rule changes are being mulled amid a review of market restrictions this will finish shortly. Officials are [...]