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On September 15th, institutional analysts pointed out that the market expects the Bank of England to keep its base interest rate unchanged on Thursday, but at the same time slow its planned reduction of government bond holdings. This plan is attracting increasing attention as government bond yields continue to rise. The Bank of England cut its base rate from 4.25% to 4% last month, maintaining the pace of rate cuts since August 2024. At that time, as inflation retreated from its 2022 peak, the central bank began to gradually remove policy restrictions that had been curbing economic activity. Policymakers described this series of 25 basis point rate cuts every three months as "cautious and gradual." If this pace continues, policymakers should hold the base rate at 4.25% on Thursday. However, there are signs that they will not only keep interest rates unchanged this week, but may also hold rates steady at their November or December meetings.Russian Ministry of Defense: Russian Tu-22M3 bombers are patrolling the high seas area of the Barents Sea.Dow Jones: The Bank of England is expected to keep its key interest rate unchanged and reduce quantitative tightening. Investors expect the scale of quantitative tightening to be significantly reduced to 100 billion pounds. The decision to quantitative tightening has triggered rising bond yields and intensified criticism.RBC Capital Markets: Raised the S&P 500 price target for the end of 2025 to 6350 from 6250; set the price target for the second half of 2026 at 7100.Germanys wholesale price index fell by -0.6% month-on-month in August, compared with -0.1% in the previous month.

Musk claims Starlink will seek an exemption from Iranian sanctions

Skylar Williams

Sep 20, 2022 10:57

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SpaceX CEO Elon Musk revealed on Monday that the company will seek an exemption from Iran-related sanctions in order to sell its Starlink satellite broadband service in the nation.


Musk made the statement on Twitter (NYSE:TWTR) amidst widespread protests in Iran following the murder of a woman in police custody. A number of Twitter users asked Musk to deploy satellite-based internet stations.


Internet monitoring company NetBlocks reported "near-total" loss of internet connectivity in the Kurdish region's capital on Monday, attributing it to the demonstrations.


Iran's Ministry of Communications and Information Technology could not be reached immediately for comment. Reuters did not receive prompt responses from the foreign ministry, Iran's envoy to the United Nations, and the United States Bureau of Industry and Security.


Musk did not say which country Starlink would seek exemptions from, but Iran is subject to significant restrictions.


To rapidly expand Starlink, SpaceX is competing with OneWeb and Amazon.com Inc. 's (NASDAQ:AMZN) unlaunched Project Kuiper.