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The Monetary Policy Committee (MPC) of the central bank voted to maintain the repo rate, or short-term lending rate, for commercial banks, at 4 per cent.Like
Monetary policy must remain accommodative × As the space for fiscal stimulus is limited, monetary policy needs to play a critical role until the growth outlook improves With the Covid second wave refuelling uncertainty about the economic outlook, the Monetary Policy Committee (MPC) is expected to remain cautious, and extend the status quo on the key repo rate, as well as the accommodative stance in its second review for FY22. Also, it may modestly revise its CPI projections up, while cutting its growth forecast for FY22. Since the last policy review, the CPI inflation has recorded a base-ef...
Message : Required fields (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Smith+Nephew jumps on reinstating 2021 outlook * Unilever rises on upbeat sales forecast * FTSE 100 up 0.6%, FTSE 250 adds 0.2% April 29 (Reuters) - London's FTSE 100 climbed on Thursday supported by an accommodative policy stance by the U.S. Fed, while positive earnings updates from companies including Smith+Nephew and Unilever helped the blue-chip index surge past the 7,000 mark. The index rose 0.6% to 7,002.30, with medical products maker Smith+Nephew jum...
ECB Reconfirms 'Very Accommodative' Policy Stance BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - The European Central Bank left its interest rates and asset purchases unchanged on Thursday, as the resurgence of the coronavirus infections and continuing lockdowns have damped the prospects of an economic rebound later this year. The Governing Council, led by ECB President Christine Lagarde, left key interest rates unchanged and maintained the size of the pandemic emergency purchase programme, or PEPP, at EUR 1,850 billion. The main refi rate was held steady at a record low zero percent and the deposit ra...