Thursday sees the BOE’s monetary policy meeting where the MPC will gather round over tea and scones to debate the path of UK interest rates. While nothing will happen on rates at this meeting it hasn’t stopped the market from running from … Continue reading
Comments on ITV: UK still experiencing crisis aftermath Nothing notable so far. He spoke earlier today.
Bloomberg headline from an interview with London’s Evening Standard by the former White House advisor Full article here One set of risks I spend a lot of time worrying about is how can a whole host of events all around … Continue reading
Report from the latest BOE FPC meeting of 26 Sept says housing market still a risk would like legal power to cap mortgage loan-to -value and debt-to-income ratios would like legal power to cap interest coverage of ratios for buy-to-let … Continue reading
UK is almost robust enough to return to normal Would that be the “new” normal or the old normal Ben? BOE dep gov in an interview to be shown later in ITV’s Tonight programme GBPUSD down to 1.6214 on the … Continue reading
Comments from the Bank of England’s Forbes: Pound rise impact on inflation to peak at end-2014 Medium-term inflation expectations ‘contained’ Pound rise is drag on UK trade, growth, jobs, CPI The pound ticked lower on the bit of jawboning.
Productivity is one of the BOE’s closely watched indicators and Q2 2014 was unchanged vs Q1 and down 0.3% against last year. Output per worker increased 0.4% from -0.3% in Q1 while unit labour costs rose 0.1% from -0.4% in Q1. … Continue reading
This is an ungated piece in the Wall Street Journal, with a guide ” to the actions and outlooks for 25 central banks around the world”. (Pure technical analysts, as you were) Global Central Banking in 2014, a Third Quarter … Continue reading
Comments from Bank of England MPC member David Miles at the London School of Economics. Giving specific path on rates too complicated to be useful In August, Miles had cautious but generally optimistic comments on the UK economy and said … Continue reading
Prior 0.8% 3.2% vs 3.2% exp y/y Business investment 3.3% vs 1.6% exp q/q. Prior 5.0%. Revised to 0.9% 11.0% vs 11.5% exp y/y. Prior 10.6%. Revised to 6.7% The data is an improvement but it does contain the new … Continue reading