Bank of England

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Morning JAVA: Gold Futures Surpass $2,900 - BoE Lowers Rates

9 Feb 2025 4 minute read 4 comments SweptOverNiagara

  According to the BBC, the Bank of England lowered rates earlier on Thursday by 25 basis points to where the key lending rate now sits at 4.5%. The base rate is now at its lowest since June, 2023. They forecast inflation to rise to 3.7% later this...

FED, Bank of England, Swiss National Bank Hold Rates Steady

21 Sep 2023 3 minute read 0 comments SweptOverNiagara

Thanks for dropping by. Please subscribe if you haven't yet! A week ago Monday, the Bank of Canada led the charge by leaving rates at 5%. Yesterday morning, the Swiss National Bank 'surprised' markets by also pausing and leaving rates at 1.75%, again...

FT Crypto Watch March 23

24 Mar 2023 3 minute read 3 comments Dave Sawyer

Cryptonauts we love ya!! But the Tradfi salmon lady, not so much!!  Here's a funny in pink print tho:  TLDR:  NOT just one lone hedgie short, The freaking BANK O ENGERLAND tried to wake the woke up !! Unfortunately, the head of the San Fran Fed got t...

WGC Revises January Central Bank Gold Purchases By 45 Tonnes!

7 Mar 2023 3 minute read 5 comments SweptOverNiagara

Yesterday, I published my post, 'Is 2023 the year silver finally breaches its 1980 $50 high?' in which I noted that the World Gold Council had estimated that 31 tonnes of gold were purchased by central banks including those of Kazakhstan, China and T...

BoE Raises Rates Another 50 Basis Points

15 Dec 2022 3 minute read 0 comments SweptOverNiagara

My followers know I follow central bank movements closely. Their interest rate policies affect us and our lives and everyone should be paying close attention. That's why, whenever I see yet another central bank mirroring another central bank's moves,...

Bank of England Loves/Hates Bitcoin

18 Oct 2021 2 minute read 0 comments Tomadachi

Have you ever been in one of those love-hate type relationships? If you believe the UK mainstream press, the Bank of England (BoE) is currently locked in just such a scenario with Bitcoin.  Different elements of the press have spun the news of potent...

Bank of England Goes Full Zimbabwe

9 Apr 2020 1 minute read 0 comments Tomadachi

Today, the Financial Times in the U.K. reported that the Bank of England will "directly finance extra government spending" as a temporary measure in response to the demands placed upon the economy due to the ongoing pandemic. (On seeing the article...

Crypto space movements: 5AMLD, new players in Sovereign digital currency and Facebook's project Libra.

23 Jan 2020 1 minute read 0 comments alberdioni8406

Despite the movements on the crypto Community being more hard in regulations from the Authorities in Europe due the 5AMLD policy, that took Crypto firms and exchanges to find more favourable places to continue their business and protect their clients...

One more central bank adventure in CBDC's and the Libra facing one more Quit in the association.

22 Jan 2020 1 minute read 0 comments alberdioni8406

The week is just on the middle, and apparently the things are hot to the Blockchain Technology, the central bank of U.K is emerging into the CBDC's world and one more firm is leaving the association that backup the Libra global stablecoin. The Bank...