Sun. Sep 27th, 2020

Bank of England split over interest rates again – business live

Rolling coverage of the latest economic and financial news

12.09pm GMT

The Bank reckons the global economic outlook appears slightly rosier than a month ago.

It says:

Global growth has shown tentative signs of stabilising and global financial conditions remain supportive.

The partial de-escalation of the US-China trade war provides some additional support to the outlook relative to the November Report, although trade tensions remain elevated.

12.08pm GMT

The Bank’s monetary policy committee also voted unanimously to maintain its asset purchase scheme (which currently holds £435bn of government debt and £10bn of corporate bonds)

Continue reading…Rolling coverage of the latest economic and financial newsLatest: Riksbank hikes interest rates to… zeroBoE press conference audio feed hackedSome City traders got crucial head start on Carney commentsTry the Guardian Business Christmas Quiz! 12.09pm GMTThe Bank reckons the global economic outlook appears slightly rosier than a month ago.It says:Global growth has shown tentative signs of stabilising and global financial conditions remain supportive.The partial de-escalation of the US-China trade war provides some additional support to the outlook relative to the November Report, although trade tensions remain elevated. 12.08pm GMTThe Bank’s monetary policy committee also voted unanimously to maintain its asset purchase scheme (which currently holds £435bn of government debt and £10bn of corporate bonds) Continue reading…