Giannis Andreou
@giannisandreou
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Giannis Andreou
@giannisandreou
🚨NEW: The Bank of England lowered its Bank Rate by 25bps to 5% in its August meeting, aligning with expectations of a small majority of the market, but noted that it will move cautiously in loosening monetary policy further until officials are more certain that inflation will remain subdued. ➡️The cut lowered the benchmark rate after remaining at 16-year highs for a full year. The decision was noted as “finely balanced”, with four members of the Monetary Policy Council opting to hold borrowing costs unchanged as the slowdown in UK inflation countered higher services price growth and lingering risks that second-round effects can erase the central bank's progress. ✅Still, the Committee noted that it expects headline inflation to fall and inflation expectations to converge toward the target. Additionally, the MPC stated that restrictive policy is due to slack the GDP to below potential and continue softening the labor market, warranting a less restrictive policy stance.
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Giannis Andreou
@giannisandreou
🚨NEW: The US National Debt just broke $35 trillion for the first time in history!
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Giannis Andreou
@giannisandreou
🚨NEW: Robinhood is exploring the possibility of listing #Bitcoin $BTC and cryptocurrency futures in both the US and Europe.
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Giannis Andreou
@giannisandreou
🚨ATTENTION: Circle achieves a milestone by becoming the first global stablecoin issuer to secure an Electronic Money Institution license under the EU's MiCA crypto regulations.
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