Our helpful advice to the Bank’s ratesetters: please, stop with the speeches April 24, 2024 At the Bank of England, it is now de rigeur for the nine members of the monetary policy committee to contradict each other on the speech circuit.
Bank of England officials say rate cuts are ‘closer’ but jobs market remains ‘very tight’ April 23, 2024 Last week figures showed that inflation fell to 3.2 per cent in March, a two-and-a-half year low. However, this was still slightly above what economists had expected.
Liz Truss admits she should have met Andrew Bailey while in No10 April 21, 2024 Liz Truss has admitted she should have met with Andrew Bailey while she was in No10.
The week that was: London woes, hedge funds short on water, and confusing jobs data April 20, 2024 Confusing inflation data, further tribulations for water firms and yet more woes for the London Stock Exchange, we review another busy week in the City.
Bank of England rate-setter Ramsden ‘more confident’ inflation pressures receding April 19, 2024 Dave Ramsden, one of the nine Monetary Policy Committee (MPC) members, told an audience in Washington that he was now "more confident" that inflationary pressures were receding.
Bank of England left with tough choice on interest rate after week of fresh data April 19, 2024 Most of this week has been dominated by discussions about when the Bank of England will start cutting interest rates.
Why the Bank of England might be wary of cutting interest rates before the Fed April 18, 2024 The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
Timing of Bank of England interest rate cuts thrown into doubt after hot inflation data April 17, 2024 This week market caution looks justified following two upside surprises on two crucial pieces of economic data.
March inflation comes in higher than expected at 3.2 per cent April 17, 2024 Inflation has fallen from a peak of over 11 per cent in autumn 2022, but the Bank will want to see further progress on services inflation and wage growth.
Beneath the jargon, Bernanke delivers devastating critique of the Bank of England April 17, 2024 Leading economist Ben Bernanke has exposed the flawed modelling and out-of-date technology behind the Bank’s failures to forecast inflation, says Paul Ormerod Last week, Ben Bernanke, former chairman of the US Federal Reserve Bank and Nobel Laureate in economics, published his review into the process of forecasting and policymaking at the Bank of England. You [...]