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Market watch: Week ahead: BOE and Fed meetings, UK public finances, Germany economic data yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Britain's economy shrank by less than feared in January, despite the country being in lockdown.Gross domestic product was 2.9% lower than in December, a much smaller contraction than forecast in a Reuters poll of economists.The Bank of England has predicted the economy will shrink by 4% in the first quarter of this year. But it's expected to keep its stimulus programmes on hold at the end of its meeting next Thursday (March 18).It's thought the central bank will predict that Britain's vaccination programme - Europe's fastest - will trigger a bounce-back in the economy.But there were some red flags in Friday's (March 12) data.Trade with the European Union was hit hard at the start of the country's post-Brexit trading relationship. Exports and imports from Britain to the EU plunged by the most on record.Although the Office for National Statistics said there was a delay in gathering some data.Exports of goods to the EU, excluding non-monetary gold and ot ....
What Worries BOE Officials Now Is Jobs, Not the Inflation Threat yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
| UPDATED: 14:30, Tue, Mar 9, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Mortgage figures were released by the Bank of England today, in the Mortgage Lenders and Administrators Statistics for the fourth quarter of 2020. The data showed a surprising amount of resilience within the mortgage scene. ....
Read more about Central banks face jumpy bond market with 10 days of policy decisions on Business Standard. While policy makers welcome a modest rise in bond yields as a signal of confidence in the economic outlook, they worry an unchecked jump would undercut recoveries ....