bank's monetary policy committee news
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Bank admits to errors in its forecasting
London :: United Kingdom | over 2 years ago
Credibility
No forecaster came close to predicting the outcome' The deputy governor of the Bank of England, Charles Bean, has admitted that the recession "highlighted shortcomings" in the Bank's economic forecasting models. He said that even had the Bank
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Sean O'Grady: Wrong inflation forecasts and mixed messages can lead to dizzying confusion
London :: United Kingdom | almost 3 years ago
Credibility
Outlook This week, the Bank of England will present its latest Inflation Report to the world. Now, obviously, I haven't seen the document the bank is a remarkably unleaky institution but I've got a pretty shrewd idea what it will say, because Bank
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Bank's Sentance repeats call for rise in interest rates
London :: United Kingdom | almost 3 years ago
Credibility
Bank of England Monetary Policy Committee member Andrew Sentance laughs during an exclusive interview with Reuters at the Bank of England in the City of London June 28, 2010. Since being the sole member of the Bank's Monetary Policy Committee to vote
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Bank expected to hold rates at 0.5 per cent
London :: United Kingdom | almost 3 years ago
Credibility
Amid signs that some Bank of England policymakers would like to start raising interest rates from the current 0.5 per cent, there have been calls for the Bank to keep policy relaxed when it announces its latest decision today. The British Chambers of
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'Resilient' inflation may hit interest rates
London :: United Kingdom | almost 3 years ago
Credibility
England policymaker yesterday signalled that UK interest rates may need to rise this year as worries persist over the "resilience" of inflation. Andrew Sentance, part of the Bank's Monetary Policy Committee since 2006, said spare capacity left over
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MPC member warns on company cash hoards
Tōkyō :: Japan | almost 3 years ago
Credibility
Adam Posen, a member of the Bank's Monetary Policy Committee (MPC), said that recent research by the Bank had shown that surpluses being held by non-financial companies in the UK had reached 8 per cent, the highest level for at least 20 years. If
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Bank of England divided on inflation outlook
London :: United Kingdom | 3 years ago
Credibility
Members of the Bank of England's rate-setting panel are increasingly concerned about inflation but uncertain how a new government, a euro debt crisis and other developments will affect consumer prices, according to minutes of the meeting released
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MPC likely to leave interest rates on hold
London :: United Kingdom | 3 years ago
Credibility
The bank of England's Monetary Policy Committee is today almost certain to welcome the new government of the UK with a move to leave interest rates on hold at 0.5 per cent for the 14th month running. The MPC will also leave its £200bn programme of
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Spending cuts must be spelt out to save stumbling sterling
London :: United Kingdom | 3 years ago
Credibility
As concern grows for the UK’s fiscal position, sterling is starting to look like a wounded animal. The severity of the situation was underlined by official figures showing government borrowing at £4.3 billion in January — the first January borrowing
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Freeze on interest rates goes on
London :: United Kingdom | over 3 years ago
Credibility
The cost of borrowing has been at a record low since March 2009 and economists do not expect the central bank to raise rates in the near term. The Bank's Monetary Policy Committee (MPC) also maintained the quantitative easing (QE), or asset buying,
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