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Bank of England cuts UK growth forecast, rates unchanged
Thursday, 11 May 2017
News

Bank of England cuts UK growth forecast, rates unchanged

The Bank of England has trimmed its UK growth forecast for 2017 this year, saying that household spending is slowing more quickly than expected. It said consumers were being squeezed between sluggish income growth and rising inflation, and that could be seen in weak retail sales and a sharp fall in new car registrations in April. The Bank trimmed its growth forecast to 1.9% from its previous estimate of 2.0% made in February. It also held interest rates at 0.25%.

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Bank of England ‘keeping close eye on UK consumer spending’
Monday, 16 January 2017
News

Bank of England ‘keeping close eye on UK consumer spending’

The Bank of England is keeping a close watch on consumer spending amid signs households are dipping into their savings and amassing debts to keep spending in the face of rising inflation. Mark Carney, the Bank governor, said consumer spending had held up since last summer’s vote to leave the EU but he reiterated a warning that living costs were likely to rise on the back of a weak pound and squeeze households’ real incomes.

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Tuesday, 19 July 2016
News

RBA waiting for next inflation reports

Officials at the Reserve Bank of Australia (RBA) are awaiting further information on growth and inflation before deciding whether to adjust monetary policy, the minutes of the July 5 meetings revealed Tuesday. “The Board noted that further information on inflationary pressures, the labour market and housing market activity would be available over the following month and that the staff would provide an update of their forecasts ahead of the August Statement on Monetary Policy,” the official July 5 minutes said. “This information would allow the Board to refine its assessment of the outlook for growth and inflation and to make any adjustment to the stance of policy that may be appropriate.”
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Wednesday, 22 June 2016
News

Euro increased in an uneventful Wednesday's trade

There were no major data releases from Eurozone today. Today’s price action indicates that the buying is strong enough today to overcome Tuesday’s steep sell-off that was triggered after European Central Bank President Mario Draghi reiterated his willingness to act to bolster inflation. Draghi said inflation dynamics in the Euro Zone remain “rather subdued” even as the economic recovery “gained momentum at the start of the year.”
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