Bank of England governor warns ceasefire would create uncertainty, not rate cuts

The nearing US-Iran MOU could stabilize regional tensions, fostering diplomatic progress and impacting global markets and geopolitical dynamics. The post US and Iran nearing memorandum of understanding to extend ceasefire appeared first on Crypto Briefing.

The BoE's stance highlights the complex interplay between geopolitical events and economic policy, emphasizing caution amid global uncertainties. The post Bank of England governor warns ceasefire would create uncertainty, not rate cuts appeared first on Crypto Briefing.

The report underscores the critical role of oracles in DLT, highlighting governance challenges and the need for robust interoperability solutions. The post Bank of England spotlights Chainlink oracles in DLT report appeared first on Crypto Briefing.

The potential ceasefire extension may stabilize geopolitical tensions, potentially leading to sustained lower oil prices and market adjustments. The post Oil prices drop as US-Iran ceasefire extension talks progress appeared first on Crypto Briefing.

The post Pound Sterling Price News and Forecast: GBP edges lower towards 1.3400 as BoE Bailey buys time appeared on BitcoinEthereumNews.com. British Pound edges lower towards 1.3400 as BoE Bailey buys time The British Pound (GBP) drifts lower against the US Dollar (USD) on Friday, reaching session lows at 1.3408 so far, on track for a moderate weekly decline. Bank of England Governor Andrew Bailey has practically discarded any interest rate hike in the near future, while US data adds pressure on the Federal Reserve (Fed) to tighten its monetary policy. Bailey affirmed at an economic meeting in Reykjavik that ”there is a case for tolerating temporarily above target inflation,” and added that economic activity and the labour market are weighing on second-round effects. The BoE chied also stated that, having taken expected cuts off the table, the bank has already tightened policy considerably in response to the shock relative to what had been expected by markets. Read more… GBP/USD Price

The BoE's tolerance for higher inflation may stabilize growth short-term but risks long-term economic volatility and challenges for savers. The post Bank of England may tolerate inflation to support UK economy: Bailey appeared first on Crypto Briefing.

Crypto markets found support on Friday after reports suggested the United States and Iran were close to extending their ceasefire and reopening shipping routes through the Strait of Hormuz. According to data from CoinGecko, the total cryptocurrency market capitalization held…

The BoE's rate hold reflects a cautious approach, balancing inflation risks with economic growth concerns, impacting future monetary policy. The post Bank of England holds rates at 3.75%, warns of ‘forceful’ hikes if inflation keeps climbing appeared first on Crypto Briefing.