Call for revived ‘cult of equity’ as UK inflation climbs to 2.7%
UK inflation has risen to 2.7%, its highest level since 2013, according to the Office for National Statistics.
Bank Of England
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BoE positivity ‘undermined’ by Brexit uncertainty
Uncertainty over the future of the UK’s Brexit negotiations tempered Bank of England forecasts published on Thursday (11 May).
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PA ANALYSIS: Inflation’s ‘retro revival’ and how to counter it
Snap elections, rogue communist states and curious beards… today shares many similarities with the 1970s, but is inflation set to be the ultimate parallel with politics of the past?
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Economists warn BoE could hold rates as wages stall
Non-existent wage growth and rising inflation could put the Bank of England off any rate hikes in 2017 as the economy tightens.
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BoE warns uncertainty not ‘fully reflected’ in markets
High levels of uncertainty across the developed world has not been reflected in current asset prices or measures of market volatility, the Bank of England has warned.
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Inflation reaches 2.3% – highest level since 2013
February saw UK headline CPI rise to 2.3% – its highest level since November 2013 – introducing a “two-sided risk” to the economy.
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PA ANALYSIS: “Irrational” Bank of England must raise rates
For MPC member Gertjan Vlieghe to admit that the Bank of England is in no position to predict the next recession was a brave call, but do policy makers have the courage to hike rates?
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Bank of England completes its u-turn on economy
The Bank of England further undermined its own post-Brexit ‘forecasts of doom’ by sharply increasing its expectation for UK growth to 2% in 2017, professional investors said on Thursday.
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Haldane wrong to point finger at forecasters – Morningstar’s Kemp
The Bank of England’s Andy Haldane was wrong to focus on his profession’s inability to predict the 2008 financial crash as all economic forecasting is ultimately “doomed to failure”, according to Morningstar’s chief investment officer Dan Kemp.
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Government launches monetary policy inquiry
The effectiveness of monetary policy implemented in the aftermath of the 2008 financial crash will be the focus of newly-launched government inquiry.
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Further BoE rate cuts in 2017, economists warn
The stage is set for a further rate cut by the Bank of England next year as growth slows, economists have said in the aftermath of Wednesday’s decision to hold the rates at 0.25%.
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PA ANALYSIS: Why policy makers are passing the buck to politicians
A few years ago, it was de rigueur to talk up a supposed decoupling of developed and emerging markets, but for central banks there is now a more disconcerting separation at play.