Bank of England preview

Bank of England Preview

January 9, 2013

No policy changes are likely or expected at the first Monetary Policy Committee meeting of 2013.  The Bank Rate has been 0.5% since March 2009.  Each time the committee has reviewed the possibility of cutting such to support growth, the idea has been rejected on the grounds of collateral damage associated with such a move […] More

Bank of England Preview

June 6, 2012

There seems to be close to a 50% chance that the asset purchase program, which is currently at its ceiling authorization of GBP 325 billion could be extended.  A policy announcement is scheduled for 11:00 GMT Thursday following a two-day meeting of the Monetary Policy Committee (MPC).  Although only David Miles on the nine-person committee […] More

Bank of England Preview: Between a Rock and a Hard Place

May 9, 2012

The term stagflation applies to Britain much more accurately than to any other major industrial economy.  The U.K. economy’s second recession in five years has been confirmed after GDP contracted in both 4Q11 and the first quarter of 2012, the latter by 0.8% at an annualized rate.  Only half of the calendar year GDP declines […] More