- Thursday, 28 September 2017
- News
The Bank of England's chief economist says we're close to solving 2 of the economy's biggest issues
The Bank of England's Chief Economist Andy Haldane believes that Britain may be "nearing the end of the tunnel" when it comes to two of the biggest problems that have blighted the economy in recent years. Speaking in an interview with Sky News, Haldane said that the worst may be over for the twin pillars of pay growth and productivity growth, both of which have been consistently weak in recent years. Read more...
- Monday, 18 September 2017
- News
Sterling slides as BoE's Carney signals limited, gradual rate hikes
Sterling slid nearly 1 percent on Monday, retreating from its highest level since the Brexit vote, after Bank of England Governor Mark Carney said any coming interest rate rises would be limited and gradual. Speaking at the International Monetary Fund in Washington, Carney reiterated the central bank’s message last week that record low interest rates could rise in coming months, but added that “any prospective increases in Bank Rate would be expected to be at a gradual pace and to a limited extent”.
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- Thursday, 14 September 2017
- News
BoE announced possible rate hike
The Bank of England has said that higher inflation and a pick up in growth could lead to a rate hike in "the coming months". Members of the Bank's nine-strong Monetary Policy Committee voted 7-2 to keep interest rates on hold at 0.25%. But the committee was talking in much stronger terms about an increase, analysts said. The pound climbed more than 1% against the dollar to $1.3363 after the Bank's announcement.
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- Tuesday, 11 July 2017
- News
A Bank of England rate-setter summed up the biggest economic risk from Brexit in a single sentence
Ben Broadbent, the Bank of England's deputy governor for monetary policy, and of its most important policymakers, summed up in one sentence the risks to the economy posed by Brexit. Speaking on a regional visit to the Scottish city of Aberdeen, Broadbent argued that should Brexit lead to a "significant curtailment" of Britain and the EU's trading relationship, both parties would see significant damage. Britain, however, would be much worse off. Read more...
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