BoE unanimously holds rates, cuts growth outlook
In an unexpected move, the Bank of England’s (BoE) entire nine-member rate setting committee voted to hold interest rates at 0.5%, and cut its GDP growth forecast.
Monetary Policy
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Carney kicks rate rise further down the road
Bank of England governor Mark Carney has delivered a speech indicating a first interest rate rise since the 2008 financial crisis is further off than many had thought.
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Beware the financial assets boom – it will only end in tears
Our view – and it is one we have stated many times – is that the issues facing the global economy are largely structural, not cyclical.
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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: The Fed has snookered itself
With the most anticipated interest rate decision of recent times imminent, it seems the Federal Reserve is firmly stuck between a rock and a hard place.
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BAML still expects September rate hike
Bank of America Merrill Lynch has said it is retaining a ‘baseline forecast’ for the Federal Reserve to raise rates in September despite the recent stock market turmoil.
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Europe is world’s ‘comeback kid’ – Julius Baer
Europe is becoming the world’s ‘comeback kid’ in economic terms, according to chief strategist at Julius Baer Christian Gattiker.
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PA ANALYSIS: Is predictable monetary policy making asset allocation an easy game?
As news of healthy numbers in the United States today hardens expectation that the Federal Reserve will raise rates next month or very soon after, investors may be thinking everything is just as heavily advertised.
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Bank of England getting nervous about inflation
The Bank of England monetary policy committee is getting more concerned about the possibility of inflation coming through into the British economy, minutes from the July meeting revealed today.
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PA Analysis: Chinese QE more curse than blessing?
Expectation is mounting that China is planning its own version of quantitative easing and investors weighing up how to play the world’s most populated country may struggle to assess the situation.
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Bank of england minutes pointing to 2016 raise
The minutes from the last Bank of England monetary policy meeting have revealed there remains little dissent within the committee, with all members united in holding rates steady at 0.5%.
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Inflation to hit 2% in two years, but productivity remains key – bo e
Inflation should return to its 2% target within the next two years, the Bank of England said on Wednesday, but labour productivity remains the key uncertainty, as it downgraded its forecast for UK GDP growth from 2.9% for 2015, to 2.5%.