The Herald (Free subscription) | 21 hours ago
Bank of England deputy governor Charlie Bean played the sympathy card when explaining to an audience of industrialists last week the difficulty in setting interest rates.
Dismal (Free subscription) | yesterday
Markets to focus on release of Bank of England lending data.
Loan & Finance Blog (Free subscription) | yesterday
The minutes from the last Monetary Policy Committee Meeting, held earlier this month, have backed up what many industry officials have already been predicting – that the base rate is likely to remain unchanged over the coming months, as MPC members and the Bank of England try to balance keeping a lid on inflation with [...]
Reuters UK (Free subscription) | 07/24/2008
LONDON (Reuters) - Bank of England deputy governor Charles Bean said on Thursday economic growth will be slower and inflation stronger than the central bank forecast in May and policymakers are trying to balance those competing risks.
Maverecon (Free subscription) | 07/24/2008
The Council of Mortgage lenders has made a constructive proposal for reviving the markets for securitising residential mortgages. The response from the Bank of England and the Treasury has been a deafening silence. I believe the Bank and the Treasury are making a mistake. Legitimate fear of moral hazard should not degenerate into pointless and unnecessarily [...]
The Economist (Free subscription) | 07/24/2008
If interest rates move, the direction will be up rather than down AS THE economy stumbles and inflation surges, the Bank of England's rate-setters face a predicament. Should they cut interest rates to help ward off a severe downturn? Or should they raise rates in an effort to tame inflation? The obvious response to such a dilemma is to stay put and that is exactly what the central bank's monetary-policy...
Tim Worstall (Free subscription) | 07/24/2008
Hmm, this is interesting. The so-called neutral level of interest rates is now below 5pc for the first time in well over a decade, indicating that the Bank of England will be able to leave the base rate lower for longer in the future, a report from a key Treasury adviser has shown. Neutral interest rates, which [...]
SignalBlog (Free subscription) | 07/24/2008
The sterling was initially higher against the dollar, moving above the 2-level to 2.0028 following the release of the Bank of England June meeting minutes. The pound also climbed to a 7 ½ month high versus the yen near 215.85. The BoE minutes revealed a three-way split in the vote, with Tim Besley voting in [...]
Daily Mail on Sunday (Free subscription) | 07/24/2008
Four out of ten homebuyers in some areas are pulling out of sales after losing their nerve or failing to get a mortgage, the Bank of England said yesterday.
Daily Mail (Free subscription) | 07/24/2008
Four out of ten homebuyers in some areas are pulling out of sales after losing their nerve or failing to get a mortgage, the Bank of England said yesterday.
The Telegraph (Free subscription) | 07/24/2008
The so-called neutral level of interest rates is now below 5pc for the first time in well over a decade, indicating that the Bank of England will be able to leave the base rate lower for longer in the future, a report from a key Treasury adviser has shown.
The Independent (Free subscription) | 07/24/2008
Would-be home buyers, businesses desperate for investment funds and bankers facing the possibility of ruin received unwelcome news yesterday from the Bank of England.
Independent.ie - European RSS Feed (Free subscription) | 07/24/2008
THERE is no longer much dispute that the UK is heading for a recession later this year. The economic news gets gloomier by the day and, with prices still rising fast, there is little prospect of the Bank of England heading off the coming storm with reductions in interest rates.
The Herald (Free subscription) | 07/24/2008
The Bank of England's Monetary Policy Committee was split this month over interest rates, with one member wanting a raise and another voting for a cut, while the remaining seven chose to keep them steady as both the inflation and economic growth outlook had turned more gloomy, minutes of the meeting showed yesterday.
ETF Trends (Free subscription) | 07/24/2008
Amidst the U.K. budget deficit ballooning to its widest since 1946 and a jump in inflation, UK exchange traded funds (ETFs) are feeling the repercussions. Bank of England policy makers are “struck” by the recent jump in inflation, which risks stoking price expectations. These policy makers are fighting the U.K.’s worst battle against inflation in [...]
