Market news
18.02.2021 19:36
BoE’s MPC member Saunders: Elevated unemployment would be sign that UK has too much spare capacity, would push inflation below target
- UK economy has significant spare capacity
- Jobless rate in the UK has risen markedly
- Unemployment to rise when furlough ends
- 5 million jobs are estimated to be furloughed
- Furlough has helped to limit unemployment level
- I see factors that could cause slow, incomplete recovery
- Risks include household caution over spending, fears of unemployment
- Even when UK economy regains pre-crisis size, it may still have spare capacity
- Cutting interest rates below zero would be the most effective way to lower yield curve in financial markets, which drives borrowing costs
- But BoE do not need to decide yet on negative rates
18.02.2021 19:57
18.02.2021 19:17
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Pacific | Wellington | 19:00 | 04:00 | 22:00 | 07:00 | 22:00 | 07:00 |
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Pacific | Sydney | 21:00 | 06:00 | 00:00 | 09:00 | 00:00 | 09:00 |
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Asian | Tokyo | 23:00 | 08:00 | 02:00 | 11:00 | 02:00 | 11:00 |
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Asian | Hong Kong, Singapore | 00:00 | 09:00 | 03:00 | 12:00 | 03:00 | 12:00 |
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European | 06:00 | 15:00 | 09:00 | 18:00 | 9:00 | 18:00 | |
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European | London | 07:00 | 16:00 | 10:00 | 19:00 | 10:00 | 19:00 |
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American | New York | 12:00 | 21:00 | 15:00 | 00:00 | 15:00 | 00:00 |
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American | Chicago | 13:00 | 22:00 | 16:00 | 01:00 | 16:00 | 01:00 |