Carney holds fire on rates as confidence dips
The Bank of England confirmed today rates will be held steady at 0.5% as widely expected just as data emerged showing a small dip in UK consumer confidence.
Bank Of England
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PA ANALYSIS: How to profit from cyber-security, the real ‘stress test’
Amid the fallout from the Bank of England’s all-encompassing stress test, there’s already talk about what wasn’t included – particularly a check on the banks’ ability to withstand a cyber-attack.
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PA ANALYSIS: The US and UK are unconsciously ‘de-coupling’
The past week has been one of stark contrasts for the two sides of the ‘special relationship’ in economic terms.
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PA ANALYSIS: Mark Carney, interest rates and Brexit – A thorny dilemma
Could Mark Carney’s dovish comments yesterday have been made with one eye on a ‘Brexit’?
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PA ANALYSIS: Reality check for dovish BoE
The Bank of England eschewed any great fireworks today, releasing the doves instead.
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UK slips into deflation, but rate hike focus remains 2016
The UK slipped in to deflation in September, the Office for National Statistics said on Tuesday. But, while the number came in slightly lower than many economists had predicted, but many are more focused on how it is likely to change going forward.
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Bank of England has missed a trick – M&G’s Woolnough
The Bank of England has missed a trick by holding the interest rate, says M&G’s Richard Woolnough, and there could be significant ramifications.
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Worry about growth not just rate rises – Flanders
As interest rate hikes loom, Stephanie Flanders, JP Morgan Asset Management’s chief market strategist for Europe, scouts the road ahead for global growth.
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UK interest rate sceptics are just wrong – GLG
Doubters of UK economic robustness are wrong, says GLG’s Henry Dixon, and the Bank of England are at risk of falling too far behind the curve.
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PA OPINION: Carney’s conversations beg a few questions
Mark Carney has, according to the Sunday Times, told fund managers to prepare for a mass sell-off in stocks and bonds that could be triggered by a Bank of England rate hike.
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PA ANALYSIS: Should investors worry as interest rate inertia creeps?
Conjecture over the timing of the first UK rate rise is becoming almost as routine as the industry’s misplaced adaptation to the ‘abnormal’ 0.5% rate presently in place.
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Modest rate rise on the cards as pace remains of most importance – RLAM
A Bank of England interest rate rise could come sooner than expected, says Royal London Asset Management chief economist Ian Kernohan, but pace remains of most importance.