Bank of England (BOE)

Briefs

SINGAPORE (May 13): “I have waited my entire career to trade a stock like this, and to open an IPO like Uber.”Pete Giacchi, senior trader at Citadel Securities. Uber is set to start trading on May 10.

MAS shifts $45 billion of reserves to GIC in unusual, publicised move

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Bank of England can reverse QE without hurting economy: Vlieghe

(Sept 26): The Bank of England can reverse its huge bond-buying stimulus programme without sharply pushing up long-term interest rates and hurting the economy, as long it explains the plan properly and moves only gradually, a top BoE policymaker said on Tuesday.

Gertjan Vlieghe said the careful messages sent out by the US Federal Reserve about the reversal of its quantitative easing (QE) programme had avoided sending the wrong signals about how fast it will wean the US economy off its crisis-era stimulus.

Global economic growth is expected to rise, but it might not bode well for investors

SINGAPORE (Apr 4): Schroders is raising its global growth forecasts for the next two years on the back of buoyant economic activity, but warns of uncertainty for investors amid a corresponding rise in interest rates.

“Donald Trump’s plan to boost the US government’s spending by $300 billion has added fuel to a US and global economy already firing on all cylinders,” says Keith Wade, Schroders’ chief economist and strategist in an April note.

However, Wade believes global economic growth will be spurred by more than just the US’s spending plans.

Yen weaker on BOJ easing talk, BOE's 'Super Thursday' in focus

yen

LONDON (May 12): The yen fell on Thursday as investors sold the currency amid speculation that the Bank of Japan could decide to expand its monetary stimulus as soon as next month.

Talk of more action gathered pace after prominent Japanese academic Takatoshi Ito said the BOJ is likely to expand monetary stimulus either in June or July. Ito is said to have close ties to Governor Haruhiko Kuroda.

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