Original title: The Bank of England may need to tighten policy. The latest position inquiry of silver ETF. Source: Jintou.com
On Friday (August 6th) this trading day, spot silver is currently trading within a narrow range above $25. The world‘s largest silver etf–iShares Silver Trust position report shows that on August 5 silver holdings were 17,202.02 tons, and The previous trading day was flat.
The Bank of England is still standing still, but warns that it may be necessary to tighten policy
The Bank of England stated that the country’s inflation rate will exceed the expected 4%, and policymakers believe that some “moderate tightening” measures need to be taken at the appropriate time to control price increases.
Among them, Michael Sanders even voted for an early contraction policy stimulus. However, the remaining eight members of the Monetary Policy Committee believe that the rise in inflation is mainly temporary, although they also pointed out that it is necessary to shrink stimulus measures in the “medium” period to achieve the 2% inflation target.
Officials said in an announcement: “It is expected that the UK economy will experience a period in which inflation is higher than the target in the near future, which is more obvious than the forecast in the May report.” During the forecast period, it may be necessary to close the economy moderately. Tight monetary policy.”
Bank of England policymakers headed by Andrew Bailey also gave more clues to cancel the stimulus measures at the right time, saying that when interest rates reach 0.5%, they will begin to cut 875 billion pounds (1.2 trillion pounds). U.S. dollar) quantitative easing plan is far lower than the previous proposal.
After the epidemic, inflation has soared, heightening concerns about the prospects for global central banks to tighten policies, but most central banks insist that this increase in inflation is temporary. Although the Bank of England believes so, its assessment of peak inflation has been greatly improved compared with the 3% forecast in May.
The co-founder of Oaktree Capital said that now is the time for the Fed to consider raising interest rates
Oak Capital co-founder Howard Marks (Howard Marks) said that now is the time for the Fed to consider raising interest rates, otherwise it will be too late.
In an interview on Thursday, Max said: “There are bubbles everywhere, I am not referring to today, but we should not miss the opportunity to raise interest rates.”
Max said the Fed should not hesitate to worry about another “downsize panic”. He pointed out that pension funds and many other institutional investors rely on an annual rate of return of 7%, but this may not be possible when the federal funds rate is zero.
Oaktree Capital is one of the largest bad debt investors in the world. When the economy faces difficulties, Los Angeles-based funds usually thrive, because corporate bonds facing default risk will fall sharply.
According to Marks data, the current rate of return in the credit market is the lowest in history. Although it may still earn more than investing in U.S. Treasury bonds, it is getting harder and harder.
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