FCA echoes BoE’s worry over consumer credit
The Financial Conduct Authority (FCA) has echoed the Bank of England’s recent concern over escalating levels of consumer credit in the UK.
Bank Of England
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BoE hires deputy governor and chief operating officer
The Bank of England has appointed David Ramsden as deputy governor for markets and banking, and Joanna Place as chief operating officer.
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PA ANALYSIS: The BoE’s inflation conundrum
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.
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PA ANALYSIS: Bank of England frozen after decade of rate inactivity
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.
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Volatility spikes and bonds sell off on central banks’ hawkish sentiment
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.
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PA ANALYSIS: Time for Carney to change the rate record
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.
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Pound surges as Carney hints at rate rise
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.
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Sterling plummets on Carney rate hike rejection
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.
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PA ANALYSIS: Is the golden age of central bank support ending?
The old adage ‘don’t fight the Fed’ exists for a reason.
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PA ANALYSIS: Prepare for the ‘new normal’ of rising UK inflation
Any hopes the Bank of England could soon hike interest rates have been dashed after news of the UK’s soaring inflation emerged on Tuesday, so should we settle in for the ‘new normal’ of an inflationary world?
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Kames’ Roberts: Central banks stuck by “mother of all asset bubbles”
Mark Carney should admit central banks have created the “mother of all asset bubbles”, according to Kames Capital.
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Unemployment hits 40-year low but wage growth stalls
The UK unemployment rate has hit a 40-year low, but a continued squeeze on wages has raised concerns households could soon feel the pinch as new figures revealed falling real wages.