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....8% that month. Writing in the Guardian, a former member of the Bank of England’s monetary policy committee, David Blanchflower, said the rising pressure on household incomes was bad news for consumers and producers. ... [Read full article on Guardian ]
Friday 24th of March 2017 10:30:30 AM
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....The undervaluation of the euro, by contrast, has two root causes. One is the European Central Bank’s ultra-loose monetary policy, particularly its programme of quantitative easing (QE), under which €2. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 03:26:12 PM
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.... In any case, the buoyancy of the nation’s financial mood will be of some importance this week, when the GfK consumer confidence survey is unveiled. Currently, the figure is slightly more interesting than usual, as the Bank of England’s monetary policy committee seems to be paying attention to the topic, while Alan Clarke, head of European fixed income at Scotiabank, is relatively pessimistic about what might emerge. ... [Read full article on Guardian ]
Sunday 26th of March 2017 07:00:24 AM
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Latest Finance News related to Monetary Policy

Thought Mike Ashley was hard to work for? Meet Jennifer Hardy image
Source : Guardian [Read Article] Sunday 26th of March 2017 07:00:24 AM
.... In any case, the buoyancy of the nation’s financial mood will be of some importance this week, when the GfK consumer confidence survey is unveiled. Currently, the figure is slightly more interesting than usual, as the Bank of England’s monetary policy committee seems to be paying attention to the topic, while Alan Clarke, head of European fixed income at Scotiabank, is relatively pessimistic about what might emerge. ...
Rising food and fuel prices hoist UK inflation rate to 2.3% image
Source : Guardian [Read Article] Tuesday 21st of March 2017 11:27:08 AM
.... Some see inflation rising to 3% by the summer. The Bank’s monetary policy committee (MPC), under the governor Mark Carney, has said it is happy to let inflation rise some way above its target as it balances the need to support growth and jobs with keeping price rises in check. ...
Low UK interest rates 'hurt productivity but saved jobs' image
Source : BBC [Read Article] Monday 20th of March 2017 08:03:10 PM
....However, holding rates would have imposed a "very significant macroeconomic cost" for unemployment, Mr Haldane said. "Should monetary policymakers have sacrificed 1. ...
Brexit Britain is suddenly debating trade – but it's the wrong talking point | Larry Elliott image
.... Tax is a particularly tricky issue because outside the EU it would be open to Britain to make radical changes to VAT. The boost to export competitiveness since Brexit is a demonstration of how the UK already has more monetary policy flexibility than those EU countries inside the eurozone: the EU 27 will want assurances that Philip Hammond and his successors will not exploit fiscal flexibility as well. ...
Rising prices set to push inflation over 2% Bank of England target image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
....25%. The Bank’s monetary policy committee (MPC), under governor Mark Carney, has maintained that it is happy to let inflation rise some way above its target as it trades off the need to support growth and jobs with keeping price rises in check. ...
Interest rate rise is further away than MPC vote suggests image
Source : Guardian [Read Article] Thursday 16th of March 2017 05:50:07 PM
....5%, there has been regular speculation in the City that borrowing costs are heading back up. The latest flurry of excitement was caused when Kristin Forbes broke ranks with her monetary policy committee colleagues and said something should be done about rising inflation. ...
Bank of England keeps UK interest rates on hold as it warns on inflation image
Source : Guardian [Read Article] Thursday 16th of March 2017 12:10:58 PM
....The Bank of England has held interest rates at their record low amid signs of an internal split emerging about how to tackle rising inflation. The Bank’s monetary policy committee was divided on the rates decision, with Kristin Forbes voting to raise borrowing costs immediately. ...
US raises benchmark interest rate by 0.25% image
Source : BBC [Read Article] Wednesday 15th of March 2017 06:29:37 PM
Charlotte Hogg resigns as Bank of England deputy governor image
Source : Guardian [Read Article] Tuesday 14th of March 2017 09:33:31 AM
....A departure date has not been agreed for Hogg, who is paid about £350,000 a year, but she is likely to stay for three months and waive any payoff. On Wednesday she cast her first vote on interest rates after taking up her seat on the monetary policy committee which came with the deputy governor role. ...
Charlotte Hogg: a family tree deeply rooted in the British establishment image
....She told MPs she took “full responsibility for the oversight” and that it was “regrettable” she had told them – erroneously – that she had already disclosed potential conflicts of interest. Her new role includes oversight of banking, as well a seat on the rate-setting monetary policy committee. ...
Savers urged to use THIS simple trick to beat dividend tax changes image
Source : Daily Express [Read Article] Thursday 9th of March 2017 04:32:00 PM
....Laith Khalaf, senior analyst at Hargreaves Lansdown, said: "Ordinary investors are now vulnerable to paying much more tax on their dividends unless they use tax shelters to protect their income-producing funds and shares. "This will be particularly galling for those investors who have turned to the stock market for income because the Bank of England’s monetary policy has obliterated the interest they were earning on cash. ...
ECB's Draghi says 'more optimistic' on the outlook for the eurozone image
.... . "That's something of a watershed moment - the end of the beginning in terms of unconventional monetary policy tools perhaps. ...
Bank of England deputy's slip-up was astonishing – but its reaction was predictable | Nils Pratley image
.... If 10% house price inflation had continued, the UK would have been heading into dangerous waters. The Bank of England’s monetary policymakers, already fretting about the rise in unsecured credit card debt, should be relieved. ...
Fed boss says US rates may rise in March image
Source : BBC [Read Article] Friday 3rd of March 2017 08:14:34 PM
....". However, she added, it was not a "preset course" and FOMC "stands ready to adjust its assessment of the appropriate path for monetary policy if unanticipated developments materially change the economic outlook". ...
Inflation returns to Japan for the first time in more than a year image
Source : Guardian [Read Article] Friday 3rd of March 2017 04:43:07 AM
.... But it won’t heighten much next year unless wages spike and boost spending,” said Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute. “The hurdle for hitting 2% inflation remains very high, which means the BOJ will maintain its ultra-loose monetary policy for the time being,” he said. ...
REVEALED: Winners and losers of Bank of England's money-printing programme  image
Source : Daily Express [Read Article] Thursday 2nd of March 2017 04:57:00 PM
....1 per cent of increases. Laith Khalaf, senior analyst at Hargreaves Lansdown, said: "UK monetary policy went through the looking glass eight years ago and has since only got curiouser and curiouser. ...
Eurozone inflation above European Central Bank's target image
Source : BBC [Read Article] Thursday 2nd of March 2017 11:32:34 AM
....9%. The ECB is due to meet next week, but Howard Archer, chief UK and European economist at IHS Markit, said: "We believe the ECB will remain wedded to its current monetary policy stance. ...
Wall Street stocks rise after Trump's corporate tax cut promises image
Source : Guardian [Read Article] Wednesday 1st of March 2017 06:42:20 PM
....The strength of the US economy also raised the prospect of an early interest rate rise, possibly following the Federal Reserve’s meeting later this month. New York Fed president, William Dudley, an influential figure on the central bank’s open market committee and close ally of chair, Janet Yellen, said the case for tightening monetary policy “has become a lot more compelling”. ...
When will Britons get a pay rise? image
Source : Guardian [Read Article] Sunday 26th of February 2017 03:05:50 PM
....Last week MPs asked four Bank policymakers how they could be so wrong year after year. They asked the question after the Bank’s monetary policy committee revised down the natural level of unemployment from 5% to 4. ...
The Bank of England fears it may not spot the next crisis. Here’s where to look image
.... When Gertjan Vlieghe cast his eyes down at the desk in front of him and said “we are probably not going to forecast the next financial crisis”, it was a moment of sorrow and self-reproach rarely seen from a Bank of England policymaker. Vlieghe is a member of the Bank’s monetary policy committee, alongside governor Mark Carney and seven others who set the UK’s base interest rate. ...
'The economy looks set to be slowing again' – experts debate Brexit watch data image
.... Hurt is returning for workers who inevitably will have to cut their spending. It surprised me, as it did the monetary policy committee, how much people were using up their savings to buy stuff, but this seems now to be coming to an end. ...
Why the Bank of England won’t raise interest rates any time soon image
Source : Guardian [Read Article] Saturday 18th of February 2017 05:00:07 PM
....Forbes, a US academic who craves a return to the “economic normality” of 4%-5% base rates, has consistently called for an increase, though never actually voted for one. After the summer, it could be that only Ian McCafferty is still inclined to raise rates among the Bank’s nine monetary policy committee members. ...
Brexit: the price of post-truth pounds in our pockets image
Source : Guardian [Read Article] Sunday 12th of February 2017 06:59:00 AM
.... No one is likely to kick up a fuss if the talent is imported. Meanwhile, public sector headhunters will also be out in force, searching for a new member of the Bank of England’s monetary policy committee, following last week’s announcement of Kristin Forbes’s decision to turn down a second term and return to her native US. ...
Bank of England appoints Charlotte Hogg as deputy governor image
Source : Guardian [Read Article] Thursday 9th of February 2017 05:57:26 PM
....Although Hogg lacks Shafik’s international connections at organisations such as the International Monetary Fund, the privately-educated, Oxford graduate will wield considerable experience of the domestic financial sector when she takes up her new position at the end of the month. She will sit on the monetary policy committee, the financial policy committee, the Bank’s court of directors and the board of the main City regulator, the Prudential Regulation Authority. ...
No big pay rises for Britons despite inflation, says Bank of England image
Source : Guardian [Read Article] Wednesday 8th of February 2017 12:15:18 PM
....Agents’ views have gained a higher profile inside Threadneedle Street in recent months after a series of attacks by senior politicians and Brexit campaigners accusing central bank staff of “ivory tower” policymaking. Critics have accused the Bank governor, Mark Carney, and the nine-member monetary policy committee (MPC) of being too pessimistic in their judgment on the impact of the referendum vote. ...
Trump's bonfire of banking rules could burn us all | Nils Pratley image
Source : Guardian [Read Article] Monday 6th of February 2017 07:14:50 PM
.... The world is digesting eight years of near-zero interest rates and quantitative easing and the after-effects are unknown. But a combination of loose monetary policy and financial deregulation has been a disaster in the past, with 2008-09 being only the most recent spectacular example. ...
Greek debt crisis: an existentialist drama with no good end in sight | Larry Elliott image
....Navarro’s specific criticism about currency manipulation is wide of the mark. Germany is part of the eurozone and doesn’t always agree with the monetary policy decisions taken by the European Central Bank. ...
For Carney, wages are the only true window to the future image
Source : Guardian [Read Article] Sunday 5th of February 2017 07:00:07 AM
.... But it is clear from his manner, and the tone of the Bank’s report, that there is little conviction behind this forecast. Maybe that’s because the monetary policy committee (MPC) he chairs appears to be even more split than usual on the subject of wages. ...
Trump’s honeymoon with the stock market will soon be over | Nouriel Roubini image
.... Inflation will then force even Janet Yellen’s dovish Federal Reserve to hike up interest rates sooner and faster than it otherwise would have done, which will drive up long-term interest rates and the value of the dollar still more. Third, this undesirable policy mix of excessively loose fiscal policy and tight monetary policy will tighten financial conditions, hurting blue-collar workers’ incomes and employment prospects. ...
Bank of England faces fresh embarrassment as tears up its forecasts | Larry Elliott image
.... Threadneedle Street is assuming that the higher imported inflation caused by the fall in the pound since the referendum is a one-off affair; that wage growth continues to be modest; and that consumer spending flags as prices in the shops go up. The Bank’s nine-strong monetary policy committee has decided to leave interest rates unchanged at their record low of 0. ...
Bank of England sharply raises UK growth forecast image
Source : Guardian [Read Article] Thursday 2nd of February 2017 12:46:31 PM
.... It also raised concerns about households becoming overstretched, as it predicted people would use savings to spend. At its rate-setting meeting the Bank’s monetary policy committee, led by governor Mark Carney, voted unanimously to hold interest rates at the record low of 0. ...
Japan rejects Trump accusation of devaluing yen in currency war image
Source : Guardian [Read Article] Wednesday 1st of February 2017 06:48:52 AM
....The Japanese leader will propose a raft of new investments in US infrastructure that would create hundreds of thousands of jobs in sectors such as high-speed rail and shale oil development, Kyodo news reported. Japan’s central bank has been pursuing a super-loose monetary policy since Abe became prime minister four years ago, as it attempts to encourage consumer spending and lift the world’s third biggest economy out of its deflationary spiral – measures that have yet to pay off. ...
Trump’s trade advis​​er says Germany uses euro to 'exploit' US and EU image
....Michael Hewson, chief market analyst at CMC Markets, said: “Any pretence that the US would be pursuing a so-called ‘strong dollar policy’ appears to have been blown to shreds today after Peter Navarro, one of Donald Trump’s top trade advisers, took aim at Germany for implicitly targeting a lower euro in order to give itself a competitive advantage over its main trading partners, sending the US dollar sharply lower. “While this overlooks the fact that the ECB sets monetary policy for the whole euro area, and not just Germany, this distinction isn’t likely to figure too highly with the new US administration, which seems determined to upset the status quo in any way possible. ...
Retreat from globalisation will destabilise the world economy | Mohamed El-Erian image
....Such economic lapses have contributed to the emergence of anti-establishment political movements that are looking to change – or are already changing – long-established cross-border trade relations, including those within the European Union and the North American Free Trade Agreement (Nafta). Meanwhile, a prolonged and excessive reliance on monetary policy, including direct central-bank involvement in market activities, has distorted asset prices and contributed to resource misallocation. ...
Smoot and Hawley, the ghosts of tariffs past, haunt the White House image
Source : Guardian [Read Article] Sunday 29th of January 2017 12:00:23 PM
.... A wave of land speculation followed and farmers took on debt as they looked to expand production. By the early 1920s farmers had found themselves heavily in debt and squeezed by tightening monetary policy and an unexpected collapse in commodity prices. ...
Final US growth figures under Obama are a triumph – for Trump  | Larry Elliott image
.... Obama’s first job in 2009 was to stop the bleeding: halt the rise in unemployment and stop businesses going bust. This was achieved through highly aggressive monetary policy from the Federal Reserve and a short-lived burst of fiscal activism. ...
UK GDP growth shows consumers spending despite Brexit worries | Larry Elliott image
.... Given that nobody in Whitehall was prepared for a vote to leave, the idea that Britain would start divorce proceedings straight away was highly unlikely. Nor was it really feasible that Mark Carney and the other eight members of Threadneedle Street’s monetary policy committee would sit on their hands. ...
Brexit economy: weak pound stokes inflation as jobs market cools image
Source : Guardian [Read Article] Wednesday 25th of January 2017 11:09:22 AM
.... Inflation was higher than economists had forecast, hitting its highest level for more than two years in December. Writing in the Guardian, a former member of the Bank’s monetary policy committee (MPC), Andrew Sentance, said two factors pointed to economic growth losing momentum: a slowdown in employment and rising inflation. ...
It’s time to rewrite the rules of economics to end the growing chasm of inequality  | Liam Byrne image
.... Thanks to Thomas Piketty and his colleagues, we also know that today’s kings are asset owners, not wage earners. Our combination of hyper-loose monetary policy and tight fiscal policy means that the asset-rich get richer while the asset-and-income-poor get battered. ...
Bank of England ‘keeping close eye on consumer spending’, says Carney image
....Debt charities said the signs of a credit boom that is close to levels not seen since the 2008 financial crash should set alarm bells ringing in Theresa May’s government. Carney did not elaborate on the rise in household borrowing but said the monetary policy committee would continue to monitor the situation. ...
Corbyn’s wage cap plan labelled unworkable but keeps pay on agenda image
Source : Guardian [Read Article] Tuesday 10th of January 2017 08:05:41 PM
....“Politicians simply do not know the right level of pay for the heads of multinational companies, and no successful economy operates with this level of intervention by government,” he added. David Blanchflower, who used to advise Labour and is a former member of the Bank of England’s monetary policy committee, said the idea was “totally unworkable” and a “lunatic idea”. ...
Jeremy Corbyn calls for maximum wage law image
Source : Guardian [Read Article] Tuesday 10th of January 2017 09:22:20 AM
....Danny Blanchflower, a former member of Corbyn’s economic advisory committee, said he would have advised the Labour leader against the scheme. In a tweet, the former member of the Bank of England’s monetary policy committee said it was a “totally idiotic, unworkable idea”. ...
One blunt heckler has revealed just how much our economists are failing us | Aditya Chakrabortty image
....There was nothing accidental about this result. It was precision-engineered by Cameron and Osborne: make central and local government deliver the cuts, and leave the job of securing a turnaround to the Bank of England with its one-size-fits-all monetary policy. ...
Chief economist of Bank of England admits errors in Brexit forecasting image
Source : Guardian [Read Article] Thursday 5th of January 2017 08:52:01 PM
.... And the forecast for growth in the UK economy, that was the lowest we have ever published. “We are still expecting this rather difficult balancing act for monetary policy with a slowing, not a huge slowing, but nonetheless a material slowing, during the course of next year as the effects of higher prices in the shops begin to chew away a little at the spending power of consumers and cause them to rein back a little in their spending. ...
Why has the UK economy defied predictions of doom? image
Source : Guardian [Read Article] Thursday 5th of January 2017 12:09:46 PM
.... Donald Trump’s tax-cutting agenda means the US economy is going to grow rapidly this year and that’s good news for UK exporters. Finally, the stance of both fiscal and monetary policy in the UK has become more growth friendly since the referendum. ...
Mark Carney's year in quotes: 'We are actors in a play written by others' image
Source : Guardian [Read Article] Wednesday 28th of December 2016 11:29:51 AM
....In February at a G20 meeting in Shanghai, Carney argued that central banks still had some firepower left to prop up the global recovery, but he warned that politicians must not rely solely on low interest rates and should use government policy to help boost growth. “Several commentators are peddling the myth that monetary policy is ‘out of ammunition’ … This is wrong, but the widespread absence of global price pressures demands that our firepower be well aimed,” Carney said. ...
Mervyn King: Britain better off going for hard Brexit image
Source : Guardian [Read Article] Monday 26th of December 2016 09:54:01 AM
....King’s comments were immediately welcomed by Nigel Farage, who said they were “wise words” that Britain could thrive outside the single market. However, a former member of the Bank’s monetary policy committee said Lord King’s intervention was “political” and should be ignored. ...
Fed's rate hike signals a déjà vu for 2017 image
Source : Guardian [Read Article] Friday 23rd of December 2016 08:00:11 AM
.... Central banks copied these policies and added regional flavour. Last year, Fed chair Janet Yellen anticipated “gradual adjustments in the stance of monetary policy” with a moderately-paced expansion of economic activity and strengthening of the labour market. ...
MPs are right to question Bank of England's monetary policy image
Source : Guardian [Read Article] Thursday 22nd of December 2016 01:26:00 PM
. A long, hard look at the way the Bank of England has conducted monetary policy since 2008 is long overdue so the announcement by the Treasury select committee that it is launching an inquiry into ultra-low interest rates, quantitative easing and forward guidance is welcome. ...
MPs to review Bank of England's low interest rates since crash image
Source : Guardian [Read Article] Thursday 22nd of December 2016 12:20:36 PM
....“Interest rates are stuck near zero, the Bank of England has used increasingly unconventional forms of quantitative easing, and inflation has been below the 2% target for three years,” he said. “The efficacy of monetary policy or otherwise, its unintended consequences, and its prospects, need careful examination. ...
Brexit economy: inflation surge shows impact of vote finally beginning to bite image
Source : Guardian [Read Article] Wednesday 21st of December 2016 11:36:14 AM
.... Consumers have become more cautious and they expect inflation to quicken over the coming year. Writing in the Guardian, a former member of the Bank’s monetary policy committee, David Blanchflower, said some of the data since the Brexit vote had come in better than he had feared but that there were signs this could be as good as it gets for the economy. ...
Trump must overcome global barriers to deliver his economic promise | Mohamed El-Erian image
.... Under the assumption that the incoming Trump administration will ultimately refrain from triggering a trade war, they moved fast to price in optimistic prospects for higher real growth, higher inflation and more money entering the financial markets. This has enabled the US Federal Reserve to begin to normalise its monetary policy stance; in addition to a 25-basis-point interest rate hike on 14 December, the Fed has indicated that the pace of such rises will accelerate in 2017. ...
Will it be a happy new year for your investment funds? image
Source : Guardian [Read Article] Saturday 17th of December 2016 07:00:15 AM
.... Emerging economies may have more to fear, especially in light of Trump’s calls for 45% trade tariffs on Chinese goods, but even here there is hope, given over half of all Asian trade is done in the region. “Trump’s plans to use tax cuts and increases in infrastructure spending to boost the US economy seems to be sending a clear signal that government fiscal stimulus and not central bank monetary policy should do the heavy lifting to galvanise the economy. ...
UK interest rates are going nowhere in 2017 image
Source : Guardian [Read Article] Thursday 15th of December 2016 01:22:56 PM
.... Growth and inflation are both picking up and the US president-elect, Donald Trump, is planning tax cuts and extra spending on infrastructure. The normal rule of thumb is that looser fiscal policy should be offset by tighter monetary policy, hence the suggestion there could be three interest-rate rises in the US next year. ...
Bank of England leaves UK interest rates on hold at 0.25% image
Source : Guardian [Read Article] Thursday 15th of December 2016 12:09:10 PM
....25% but repeated a warning that higher inflation and slower wage growth risk squeezing household budgets and spending next year. The Bank’s nine-strong monetary policy committee voted unanimously to keep rates on hold and maintain the current programme of electronic money printing known as quantitative easing. ...
Bank of England HOLDS interest rates - but experts warn of 2017 hike image
Source : Daily Express [Read Article] Thursday 15th of December 2016 11:43:00 AM
....Nick Dixon, investment director at Aegon, said: “With inflation moving towards the Bank’s two per cent target quicker than expected, the only way is up for interest rates in 2017. "Base rate hikes will be the tool of choice for the monetary policy committee to keep prices in check. ...
UK jobs improvement has stalled as employers wait and see on Brexit image
Source : Guardian [Read Article] Wednesday 14th of December 2016 10:55:06 AM
.... Cut through the mass of data and the conclusion is clear: the improvement in the UK labour market has stalled. The latest news from the Office for National Statistics is consistent with the recent reports from the Bank of England’s regional agents, the officials who act as the eyes and ears of Threadneedle Street’s monetary policy committee. ...
Keynesian economics: is it time for the theory to rise from the dead? image
Source : Guardian [Read Article] Sunday 11th of December 2016 12:52:51 PM
.... Both initiatives meet with Keynes’s approval. His works advised the use of aggressive monetary policy because lower interest rates should help to stimulate higher private sector investment, because in most cases this is what lifts economies out of recession. ...
ECB's quantitative easing programme investing billions in fossil fuels image
Source : Guardian [Read Article] Friday 9th of December 2016 01:36:07 PM
.... Bank sources confirmed that they were aware of all the ISIN numbers. “We have a monetary policy objective with our programme and that, for us, is the prevailing reasoning,” one source told the Guardian. ...
ECB surprises markets by scaling back QE programme image
Source : Guardian [Read Article] Thursday 8th of December 2016 02:12:11 PM
....The ECB also used its latest meeting to relax the rules over which bonds it can purchase under QE, reflecting worries that after years of QE it could run out of assets to buy. The changes to the QE programme follow criticism from Germany that loose monetary policy in the eurozone was hurting savers and fuelling rightwing nationalism. ...
India surprises by holding rates at six-year low image
Source : BBC [Read Article] Wednesday 7th of December 2016 10:35:56 AM
....The central bank blamed a decision to move the press conference to a small venue. The Reserve Bank of India gave no clear reason for its unprecedented decision to exclude some media organisations including the BBC from attending today's press conference held by its governor, Urjit Patel, after the monetary policy meeting. ...
Mark Carney's history lesson shows we haven't learned on globalisation image
Source : Guardian [Read Article] Monday 5th of December 2016 07:13:25 PM
.... In the emerging world, 1 billion people have been taken out of poverty but in many advanced economies globalisation has come to mean, according to Carney, “low wages, insecure employment, stateless corporations and striking inequalities”. His solution to the problem is threefold: an acceptance by economists that not everybody has gained from trade and technology; a better mix of monetary policy, fiscal policy and structural reform to boost growth; and more inclusive growth. ...
Carney warns about popular disillusion with capitalism image
Source : BBC [Read Article] Monday 5th of December 2016 05:26:11 PM
.... . Since that vote, the governor has had to defend himself against criticism that he had made explicitly pro-Remain comments, and also against suggestions that the prime minister had been unhappy with the Bank's monetary policy because savers had lost out. ...
Mark Carney: we must tackle isolation and detachment caused by globalisation image
....Carney also used his speech to defend the Bank in the wake of Theresa May’s remarks in October that there had been “some bad side-effects” from low interest rates and quantitative easing, which involves central banks pumping electronic money into the financial system. He reiterated the Bank’s stance that monetary policy could not be held accountable for rising inequality and insisted the policymakers would set rates with a view to keeping inflation in check while also being careful not to damage the jobs market as the Brexit process progresses. ...
Trump attacks China in Twitter outburst image
Source : BBC [Read Article] Monday 5th of December 2016 11:31:52 AM
. US President-elect Donald Trump has posted a series of tweets criticising China for its monetary policy and its operations in the South China Sea. ...
Bank of England must be wary of interest rate rise, says chief economist image
Source : Guardian [Read Article] Friday 2nd of December 2016 02:37:12 PM
.... It had hinted at another interest rate cut before the end of the year but a flurry of brighter than expected economic news forced the Bank to row back on that guidance. Haldane said on Friday that economic output had outperformed the expectations of the Bank’s monetary policy committee (MPC) back in August while inflation had picked up, largely as a result of the pound’s sharp fall since the referendum, which makes imports to the UK more expensive. ...
10 economic consequences of Donald Trump's election win image
Source : Guardian [Read Article] Monday 28th of November 2016 01:18:08 PM
.... Given the likelihood of additional trade protectionism and measures to remove immigrant workers, the increase in inflation and long-term interest rates could be quite dramatic. The impact on financial markets will be disruptive, regardless of whether the Fed aggressively tightens monetary policy to pre-empt rising prices or lets the economy “run hot” for a year or two, allowing inflation to accelerate. ...
Bank of England prepares to protect City firms from hard Brexit image
Source : Guardian [Read Article] Sunday 27th of November 2016 07:32:00 PM
....”. The Bank said: “Governors’ Day] is a long-held tradition that is open to all employees – including members of the monetary policy committee – including their families, with the aim of recognising their hard work and dedication. ...
Brexit vote and Trump's election have created risks for banks, says S&P image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 12:17:28 PM
....Anti-globalisation movements could affect growth prospects and S&P is operating on the assumption that 2017 will be a year of sluggish growth across most developed and emerging markets. The European Central Bank could adopt a more relaxed approach to monetary policy while the US Federal Reserve could start to increase rates by a quarter percentage point in December and a half point in 2017. ...
The Brexit economy: remarkable resilience as spectre of inflation looms image
Source : Guardian [Read Article] Tuesday 22nd of November 2016 01:30:21 PM
.... The Bank of England predicts a slowdown in business investment will weigh on overall economic growth next year. Writing in the Guardian, a former member of the Bank’s monetary policy committee (MPC), David Blanchflower, said Hammond should heed those longer-term forecasts. ...

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