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%.
Mark Carney
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Carney warns of threat to open markets and monetarism
Bank of England governor Mark Carney made reference to Karl Marx as he delivered a warning of a backlash against open markets, monetarism and globalisation.
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Shafik to swap BoE for LSE
Deputy governor for markets and banking at the Bank of England, Minouche Shafik, is to leave the bank two years into a five year term for a position as head of the London School of Economics.
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BoE’s monetary magic isn’t working for investors – Psigma
The Bank of England’s efforts to soothe the post-Brexit economy are discouraging savers from spending and pushing them into riskier investments, warned Tom Becket, Psigma CIO.
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PA ANALYSIS: Is a rate cut being a ‘foregone conclusion’ dangerous?
The big macro event of the week for investors in the United Kingdom is the latest iteration of ‘super Thursday’, with the Bank of England making an interest rate decision and releasing its Inflation Report.
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PA ANALYSIS: A Bank of England U–turn?
The Bank of England has chosen to keep its powder dry by backing off from the interest rate cut that had been hinted at, but is this a U-turn or just minor detour?
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PA ANALYSIS: Is the fixed income fund resurgence over already?
The latest set of Investment Association sales figures show fixed income funds enjoying a rare top of the table position in May, but will they rapidly fall from the affections of investors again?
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Gilt yields go negative for first time
Gilt yields have gone negative for the first time in the wake of Mark Carney’s speech on the economy yesterday afternoon.
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Carney sends pound lower and FTSE up with rate cut hint
Bank of England governor Mark Carney has indicated an interest rate cut and other new stimulus measures are on the cards.
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Carney reassures markets as banks tumble
As banking stocks plummeted on Friday morning, Bank of England governor, Mark Carney sought to remind the market that they are in good health and reassure investors the BoE stands ready to do whatever is needed.
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PA ANALYSIS: Brexit muddying the inflation waters
A vote to leave the European Union would most likely result in a material slowing of growth and a notable rise in inflation, the Bank of England said on Thursday.
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Treasury names new PRA chief
HM Treasury has named Sam Woods as deputy governor for prudential regulation and chief executive of the Prudential Regulation Authority, effective 1 July.