The Bank of England announced that due to the upcoming Brexit in the period of March and April, repo auctions will be held weekly. Currently, auctions are held monthly. The British Central Bank is taking such a step to prevent a shortage of liquidity during the period of the country's withdrawal from the EU. Information about this is posted on the finversia.ru portal, which recalls that in 2016, before and after the referendum on leaving the European Union, the Bank of England also took such a step. As stated by the head of the Bank of England, Mark Carney, speaking at parliamentary hearings, the transition to weekly repo auctions is part of a contingency plan. He noted that the regulator does not predict a liquidity crisis in the market.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Gold prices rose earlier on Tuesday morning in Asia on the back of renewed hope as the U.S. and the Europe pledged on additional stimulus packages. In the U.S., another round of stimulus measures is underway in Congress, as previous stimulus ...