Treasury’s QE bill might reach £95bn, Bank of England estimates show Economics The latest estimate, released today by the Bank of England in a quarterly update, is a slight increase on the Bank’s previous upper estimate of £85bn.
Bank of England should become more like the Fed to stem bond losses, Barclays says Economics The Treasury is having to shoulder heavy losses from QE, which is attracting a lot of political attention given the parlous state of the public finances.
Bank of England’s bond purchases could cost taxpayers £85bn UK Economy Following the banking collapse of 2008, the Bank started hoovering up government bonds on the secondary market. The hope was this would lower borrowing costs and stimulate economic activity.
European Central Bank to print money faster as interest rate stays unchanged March 11, 2021 European Central Bank to print more money faster as interest rate stays unchanged
The inflation target is just the start for the next ECB president May 30, 2019 With the EU elections out of the way, the horse-trading over a host of top EU jobs, including who replaces Mario Draghi as president of the European Central Bank (ECB), will ratchet up. By the European Council meeting on 20-21 June, a successor to Draghi should become clear. The new president’s most urgent task is [...]
Climate change protesters target Bank of England MPC meeting May 2, 2019 Climate activists protested outside the Bank of England this morning calling for the institution to go green, ahead of the release of its inflation report this afternoon. Demonstrators from Positive Money and Fossil Free London urged the central bank to make its quantitative easing programme environmentally friendly by stopping asset purchases in high-carbon sectors and [...]
Climate change protesters to target Bank of England on Thursday with ‘green QE’ demands April 29, 2019 Climate change protesters have announced that they will target the City’s Bank of England on Thursday, with demands that future stimulus bond buying is done with green goals in mind. Read more: Businesses must tackle climate change or 'fail to exist', Carney warns The protests, organised by campaign groups Positive Money and Fossil Free London, will [...]
Monetary policy is too crucial to leave in Labour’s meddling hands April 16, 2019 Even by Donald Trump’s standards, it was an extremely Donald Trump thing to do. Last week, the President nominated Herman Cain for a seat on the board of the Federal Reserve, attempting to hand oversight of the world’s largest economy to a maverick gold-standard enthusiast. The nomination appears to be doomed, largely because of the [...]
The euro falls as ECB chief Draghi delivers pessimistic verdict on Eurozone economy April 10, 2019 The European Central Bank (ECB) kept up recent tradition today when it announced it would hold interest rates at record low levels and reaffirmed that it will not raise them before the end of 2019. Read more: US threatens tariffs on $11bn of EU goods ECB boss Mario Draghi struck a more pessimistic tone than [...]
Bottoms up! March 20, 2019 | City Talk If an investor is specifically looking for reasons not to invest, he or she will always find them. Indeed, for one reason or another, it has been said that “now is the most difficult time to invest”, in perpetuity! At present, such reasons are in ample supply – geopolitical concerns, populism, punchy valuations, a lack [...]