The Bank of England conference, held to mark 20 years of independence, brought stark warnings that the same independence might not last under the threats posed from populism, quantitative easing and public mistrust of institutions.
Interest rates remain unchanged at a historic low level of 0.25% following the latest Bank of England meeting, quashing rumours higher inflation could spark a hike this year.
Pressure on the Bank of England to raise interest rates was handed another blow on Wednesday unemployment fell and UK earnings growth, while beating expectations, failed to outpace inflation.
The investment industry has been venting its frustration over the Bank of England’s “wait and see” stance to a rate hike for some time now. But are the calls for hawkish action actually justified?
The Financial Conduct Authority (FCA) has echoed the Bank of England’s recent concern over escalating levels of consumer credit in the UK.
The Bank of England has appointed David Ramsden as deputy governor for markets and banking, and Joanna Place as chief operating officer.
Hot on the heels of the US, the UK has reported weaker than expected inflation data and like its opposite number on the other side of the pond, the Bank of England is now faced with a quandary over rate rises.
A heck of a lot can happen in 10 years, but not it seems when it comes to the Bank of England’s base rate.
Volatility spiked and European bonds sold off heavily during a week in which markets were caught short by the European Central Bank’s hint at tapering monetary policy.
It turns out Mark Carney is a man for turning after all, and it’s about time the bank governor realised the time has come to change tack with the UK economy.
Mark Carney’s hint that UK interest rates could rise sooner rather than later sparked a surge in the price of sterling on Wednesday afternoon.
Sterling fell on Tuesday morning in reaction to Mark Carney’s claim that “now is not yet the time” to hike interest rates in the UK.
