The rise and fall of 20th Century monetarism, according to one of Margaret Thatcher’s advisors May 21, 2024 "There's not much in economics that is strictly scientific. Milton Friedman said this (monetarism) was a science and Margaret Thatcher sort of bought into that idea," Tim Lankester told City A.M.
Bank of England deputy governor Broadbent says summer interest rate cut ‘possible’ May 20, 2024 The Bank judges that the unwinding of the inflationary shock is likely to be "asymmetric", taking longer to unwind than it did to emerge.
Inflation set to return to two per cent target in boost for Bank of England May 19, 2024 The latest UK inflation reading could show a notable fall when it's published this week.
Bank of England will move hundreds of jobs to Leeds to ‘improve trust’ May 17, 2024 One in ten employees of The Bank of England will be based in Leeds by 2027, it has been announced.
Labour hoarding makes life difficult for Bank of England, rate-setter says May 16, 2024 Labour hoarding since the pandemic has helped fuel inflation and could mean rates have to remain high, a Bank of England policymaker said.
Bernanke: Inflation was ‘unavoidable’ but the Bank of England needs to change May 15, 2024 The surge in inflation seen over the past few years was "unavoidable," Ben Bernanke said today, as he outlined ways in which the Bank of England could navigate future uncertainty.
Does hot wage growth derail hopes of a June interest rate cut? May 14, 2024 The first round of labour market figures was released this morning and it leaves policymakers in a bit of a bind.
Bank of England’s Pill: Summer interest rate cuts ‘not unreasonable’ but ‘still some work to do’ May 14, 2024 Speaking at an event run by the Institute of Chartered Accountants in England and Wales (ICAEW), Pill stressed that the Bank's focus would be on the persistent components of inflation in the weeks ahead.
Number of new homes built in 2024 plunges by a fifth in blow to government house building targets May 13, 2024 "Rises in the Bank of England's base rate have driven mortgage rates higher, leading to a drop in new home purchases and a slowdown in house price growth," Steve Wood, chief executive of the NHBC said.
Dovish Bank of England opens the door to interest rate cuts May 9, 2024 "Its likely that we will need to cut Bank Rate over the coming quarters…possibly more so than currently priced into market rates," Bailey said.