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BOE Expected to Leave Policy Unchanged Next Week

09/16/2021 | 03:52am EDT

BOE Expected to Leave Policy Unchanged Next Week

0735 GMT - The Bank of England is likely to leave monetary policy unchanged next week despite a stronger labor market and higher inflation, says RBC Capital Markets. The Canadian bank adjusted its BOE call after the August meeting and is now forecasting two interest rate rises in 2022, encompassing a 15 basis-point increase to 0.25% at the May 2022 meeting and a further 25 basis-point increase to 0.5% at the November 2022 meeting. "That change was prompted by the rapid improvement in the labour market," analysts say. While the Monetary Policy Committee were still relatively confident that goods price inflation would prove temporary as mismatches between supply and demand issues ironed themselves out, it was less certain the same was true of the labor market, RBC says. (lorena.ruibal@wsj.com)

 
Companies News: 

Ryanair Raises Five-Year Passenger Growth Forecast to 50%

Ryanair Holdings PLC on Thursday raised its five-year growth forecast to 225 million passengers by March 2026.

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Philip Morris Offer for Vectura Becomes Unconditional After Securing 75% Support

Philip Morris International Inc. said Thursday that its offer for Vectura Group PLC has become unconditional in all respects, after it secured support representing 74.77% of the U.K. inhaled-medicines company's share capital.

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Ashtead Group 1Q Pretax Profit Rose; Raises Guidance

Ashtead Group PLC said Thursday that pretax profit rose as revenue increased for the first quarter of fiscal 2022, and that the board expects results for the full year to be ahead of its earlier expectations.

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IG Group 1Q Revenue Rose 6% Driven by Tastytrade Acquisition

IG Group Holdings PLC said Thursday that its revenue grew in the first quarter of the fiscal year, driven by the acquisition of online brokerage Tastytrade.

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Games Workshop Declares 25p Dividend; Sees Performance In Line

Games Workshop Group PLC on Thursday declared a dividend of 25 pence (35 cents) a share and said performance in the three months to Aug. 29 was in line with expectations.

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Galliford Try Holdings Swung to FY 2021 Pretax Profit

Galliford Try Holdings PLC on Thursday reported a swing to a pretax profit for fiscal 2021 and said that it is well placed to deliver growth.

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THG's 1H Pretax Loss Widened

THG PLC reported on Thursday a significantly widened pretax loss for the first half of 2021 and said that the intended separation of its key trading divisions remains ahead of schedule.

Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com

(END) Dow Jones Newswires

09-16-21 0351ET

Latest news "Economy & Forex"
Latest news "Economy & Forex"