{"id":51140,"date":"2022-11-03T14:58:54","date_gmt":"2022-11-03T14:58:54","guid":{"rendered":"https:\/\/www.etfworld.com\/co.uk\/?p=51140"},"modified":"2022-11-04T17:02:11","modified_gmt":"2022-11-04T17:02:11","slug":"global-x-etfs-bank-of-england-rate-hike","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/co.uk\/global-x-etfs-bank-of-england-rate-hike\/","title":{"rendered":"Global X ETFs &#8211; Bank of England rate hike"},"content":{"rendered":"<p style=\"text-align: justify;\">Global X : BoE raised their policy rates 75 bps at their November meeting. This was in line with expectations but was their largest interest rate increase since 1989.<\/p>\n<p style=\"text-align: justify;\"><!--more--><span id=\"more-32986\"><\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"\/newsletter\" class=\"broken_link\"><strong><span style=\"color: #9ab62f;\">Sign up to our free newsletters<\/span><\/strong><\/a><\/p>\n<hr \/>\n<p><strong>Michelle Cluver, CFA &#8211; Portfolio Strategist (VP) Global X ETFs<span id=\"page3R_mcid61\" class=\"markedContent\"><\/span><\/strong><\/p>\n<hr \/>\n<p style=\"text-align: justify;\">\u00a0\u00a0\u00a0 This comes on the back of UK inflation coming in higher than expected at 10.1% in September, with food and utility costs being key areas of inflation concern.<\/p>\n<p style=\"text-align: justify;\"><strong>\u00a0\u00a0\u00a0 This sharp increase in policy rates came alongside recessionary warnings from the BoE. The BoE currently expects recessionary conditions during 2023 and into the first half of 2024.<\/strong><\/p>\n<p style=\"text-align: justify;\">\u00a0\u00a0\u00a0 While Powel indicated that U.S. policy yields are likely to be higher than markets were expecting, the BoE indicated that peak rates may be lower than the 4.5% currently priced into financial markets.<\/p>\n<p style=\"text-align: justify;\"><strong>\u00a0\u00a0\u00a0 This shifted the economic growth and policy rate differentials between the UK and U.S., contributing to U.S. dollar strength.<\/strong><\/p>\n<p style=\"text-align: justify;\">Source : ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global X : BoE raised their policy rates 75 bps at their November meeting. This was in line with expectations but was their largest interest rate increase since 1989.<\/p>\n","protected":false},"author":4,"featured_media":51142,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[12],"tags":[436,345,435],"class_list":["post-51140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf-analysis","tag-bank-of-england","tag-global-x","tag-michelle-cluver"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/51140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/comments?post=51140"}],"version-history":[{"count":1,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/51140\/revisions"}],"predecessor-version":[{"id":51143,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/51140\/revisions\/51143"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media\/51142"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media?parent=51140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/categories?post=51140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/tags?post=51140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}