BoE Pushes 24/7 Settlement — Crypto Collateral Gains Speed and Liquidity
The Bank of England’s consultation to add weekend settlement could let tokenized assets serve as real‑time collateral by 2029.
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The Bank of England’s consultation to add weekend settlement could let tokenized assets serve as real‑time collateral by 2029.
UK borrowing hit £24.3 bn in April, nudging inflation expectations higher and tightening the yield curve.
Bank of England official Taylor warns that the most adverse economic scenario could force interest rate hikes despite sluggish GDP growth.
The UK will spend £100 million to give children free bus rides in August, a move that may soften consumer inflation and influence the Bank’s policy path.
UK core inflation slides to 2.8%, but analysts warn the dip could be temporary, prompting a rethink of fixed‑income and equity strategies.
UK inflation fell to 4.0% in March, giving the Bank of England breathing space to consider a rate cut.
The government pressed supermarkets to cap eggs, bread and milk prices voluntarily, a move that could tighten retail margins and temper headline inflation.
The pound faces pressure as the BoE is priced for a 70‑bp hike before year‑end, while 10‑year gilt yields hit 5.2% and 30‑year yields return to 1998 levels.
UK job growth missed expectations in April, with unemployment edging up to 5.0% and payrolls declining, while wage growth remained robust.
UK employment figures showed weakness while the Eurozone trade balance data is set to be released, leaving central bank policies largely unchanged.
China’s April economic data disappoints, prompting a cautious stance on fiscal stimulus and monetary easing. The IMF finds no need for a BoE rate hike, while Deutsche Bank warns the UK labour market will stay weak.
The US dollar fell to near 99.15 on the DXY as concerns over a closed Strait of Hormuz linger. Bank of England warns that the full impact of the energy shock will appear only next year.