by Ntombi Malatsi | Feb 10, 2018 | ECONOMIC NEWS
About Bank of England (BOE)
Bank rate 0.75%
Governor Mark Carney
Head quarters Thread needle Street, London
What is Bank of England (BOE)?
Bank of England is a central bank of the United Kingdom which was formed in 1694. Bank of England is responsible for setting the bank rates and also to maintain the Monetary Policy. Bank of England does not hold accounts for the public and also do not issue loans to the public. BOE is usually overshadowed by a Monetary Summary, which focuses more on the future. BOE interest rates is the rate at which the bank lends to financial institutions over night.
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by Ntombi Malatsi | Feb 3, 2018 | ECONOMIC NEWS
Economic News To Watch This Week
by Ntombi Malatsi | Feb 3, 2018 | ECONOMIC NEWS
FOMC Meeting Dates 2018
The Federal Open Market Committee (FOMC), is a committee within the Federal Reserve System (the Fed) Its mandate is to oversee the nation’s open market operations (i.e., the Fed’s buying and selling of United States Treasury securities). This Federal Reserve committee makes key decisions about interest rates and the growth of the United States money supply.
The Federal Open Market Committee (FOMC) consists of twelve members, the seven members of the Board of Governors of the Federal Reserve System, the president of the Federal Reserve Bank of New York, and four of the remaining eleven Reserve Bank presidents who serves one year term. The Federal Reserve said their farewell to Janet Yellen who was the 15th Chairwoman of the Federal Reserve from the 3rd of February 2014 – the 3rd of February 2018. Her last meeting was on the 31st of January 2018. The newly appointed Fed Chair, Jerome Powell will be sworn in on Monday the 5th of Fecruary and he is expected to hike the rates in his March meeting.
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- Click on that link from email to confirm your subscription and you should start to receive my weekly economic news and weekly blog posts.
To open your Live Account with one of the legit and FSB regulated brokers, choose from these brokers HERE. For further assistance, email me at ntombimalatsi@learnfxtrading.net or Whatsapp me on +27 64 510 4132 / +27 76 966 9392 for instant chat. For private lessons, you can email, WhatsApp or enroll HERE. Below is our FOMC annual schedule. We are done with the first one, seven more to go.
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