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Bank Of England: Bank Rate Increased To 2.25% - September 2022 - Monetary Policy Summary And Minutes Of The Monetary Policy Committee Meeting

Date 22/09/2022

Monetary Policy Summary, September 2022

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 21 September 2022, the MPC voted to increase Bank Rate by 0.5 percentage points, to 2.25%. Five members voted to raise Bank Rate by 0.5 percentage points, three members preferred to increase Bank Rate by 0.75 percentage points, to 2.5%, and one member preferred to increase Bank Rate by 0.25 percentage points, to 2%. The Committee also voted unanimously to reduce the stock of purchased UK government bonds, financed by the issuance of central bank reserves, by £80 billion over the next twelve months, to a total of £758 billion, in line with the strategy set out in the minutes of the August MPC meeting.

Acuiti Launches Systematic Hedge Fund Expert Network

Date 22/09/2022

Acuiti today launches its Systematic Hedge Fund Expert Network, the latest in its series of derivatives-focused networks of senior market executives.

HKEX Stock Exchange Participants' Market Share Report

Date 22/09/2022

The market share and turnover data shown in the report below includes all Exchange Participants which had transactions during the period reported but excludes Southbound trading of Special Participants via Stock Connect.

EDHEC Infrastructure - Green Infra: Past Performance Is Not Necessarily Indicative Of Future Results

Date 22/09/2022

The expected returns of green power investments are now much lower than they used to be. As a result, realised returns should not be used directly as a proxy of the future performance of green power investments.

TheCityUK And PwC: Government Commitment To Net Zero Is Needed To Unlock Green Investment

Date 22/09/2022

Setting clear and consistent policies and regulations on decarbonising the wider economy will be the most effective way to unlock and stimulate UK leadership in green finance, according to a new report from TheCityUK and PwC .

Global Financial Centres Index 32: New York Consolidates Its Lead Among Global Financial Centres

Date 22/09/2022

The 32^nd edition of the Global Financial Centres Index was published today by Z/Yen Group, in partnership with the China Development Institute (CDI). The launch webinar for GFCI 32 linked London and Shenzhen.

SET And KTB to Launch The First DRx Based On Apple And Tesla Stocks

Date 22/09/2022

The Stock Exchange of Thailand (SET) and Krungthai Bank pcl (KTB) will launch its first ever fractional depositary receipts (DRx) to make high-flying global stocks more affordable on the Thai bourse. The first two DRx based on Apple and Tesla as underlying stocks, issued by Krungthai Bank pcl (KTB), will start trading on September 29.

Tokyo Stock Exchange: Preparation Of Practical Handbook For English Disclosure

Date 22/09/2022

Today, Tokyo Stock Exchange, Inc. (TSE) has electronically distributed the "Practical Handbook for English Disclosure" to all listed companies from the viewpoint of promoting English disclosure initiatives. With summaries of points to note and insight into disclosing information in English, this handbook has been created to assist listed companies in preparing disclosure information in English.

Global Fintech Fest 2022: India Reiterates Its Commitment Towards Sustainable Development Through Fintech

Date 22/09/2022

Indian Finance Minister and Reserve Bank of India Governor reiterated their commitment towards sustainable development speaking at the Global Fintech Fest 2022 (GFF 2022) being held here September 20 to 22, 2022. The theme of India's largest fintech conference is, "Creating a Sustainable Financial World: Global, Inclusive, Green."

Higher Interest Rates Will Not Save The Pound—Nor Will A Weaker Currency Prop Up The UK Stock Market - Qontigo, Christoph Schon, Senior Principal Applied Research At Qontigo

Date 22/09/2022

Conventional wisdom has it that higher interest rates make a currency more attractive to foreign investors, whereas a weaker exchange rate can be good news for export-oriented economies. Neither is true for the United Kingdom right now. Despite the Bank of England is expected to raise its base rate to similar heights as US federal funds, the pound could extend its recent losses against its American rival even further. And although a weaker currency has been good news for British blue chips in the past (e.g., after the Brexit referendum), the UK’s large trade deficit is likely to put more downward pressure on the pound, while also fueling inflation. Our stress tests generated in Axioma Risk™, therefore, indicate that additional stock market losses could well be in store.