PA ANALYSIS: Reality check for dovish BoE
The Bank of England eschewed any great fireworks today, releasing the doves instead.
Mpc
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PA ANALYSIS: Unpicking the productivity puzzle
Aside from revising growth lower and putting an end to sterling’s election-led rally, The Bank of England’s May inflation report once more placed the spotlight firmly on productivity growth as the possible bad apple that could upset the whole cart.
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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%.
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Just how fragile is the UK recovery
News that the Bank of England’s monetary policy committee was split seven to two on whether or not to raise interest rates at its latest meeting is unsurprising, but how much should be read into it?
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treasury demands more from tucker
The Bank of England’s deputy governor, Paul Tucker, has tabled the use of negative interest rates as a potential monetary policy, prompting the Treasury Select Committee to ask for a further explanation.
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bofe banks could reduce business lending further
Minutes from the latest MPC meeting show banks could further restrict lending to businesses and households.