Inflation spike cranks up pressure on Carney
A surprisingly large rise in inflation has increased pressure on Mark Carney and the Bank of Englands monetary policy committee as they continue to walk a rate rise tightrope.
Mark Carney
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One year on can he or Carney
On 1 July Mark Carney will celebrate his first year as Governor of the Bank of England, but has he done enough to justify his billing as the worlds greatest central banker?
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Carney continues to use Maradona effect
Mark Carney has moved to dampen down the mounting expectation of an imminent interest rate rise by making dovish comments during an appearance before the Treasury Select Committee.
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Carney speech could threaten FTSE 100 earnings
Mark Carney’s comments on interest rates at Mansion House last night are the clearest sign yet that a rise is not far off and could lead to earnings downgrades for some FTSE 100 companies.
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Spare capacity means no rush to raise rates
According to the Bank of England, when it does start raising rates they will do so only gradually.
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one accident away from inflation anguish
The continuation and intensification of ultra-low interest rates has amplified the chance of capital misallocation with central banks one accident away from a wave of inflation, according to Ruffers Steve Russell.
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Emergency measures have become the norm
The Bank rate was dropped to 0.5% five years ago as a rescue operation - it now seems normal
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Inflation BoE target first time in four years
Inflation has hit the Bank of Englands target figure of 2% for the first time since 2009 as figures from the Office of National Statistics show the consumer prices index rose by 2% over the year to December.
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interest rate hikes sign of growing uk economy
Concern over Mark Carney’s use of forward guidance leading to interest rates rising as early as next year should not hide the fact that the UK economy is growing which is surely what everyone wants.
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pa analysis fsb wind down UK banks
Earlier this week was the grand announcement that the world’s biggest banks may be radically restructured thanks to sweeping powers given by the Financial Stability Board (FSB) to national regulators.
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pa analysis carneys party
Not a bad first week in charge at the Bank of England for Mr Carney. Admittedly he is only a week in but he already looks like he has a calm authority about him and is happy to do things the way he wants them to be done which means doing things slightly differently to…
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Pound drops as bo e say no increase
The pound fell a cent and a half against the dollar following the Bank of England’s announcement markets were wrong to assume interest rates would start rising soon.
