On Thursday (19 December), the Bank of England’s Monetary Policy Committee (MPC) will reveal its latest interest rate decision. Those of us hoping that the recent bad economic news will prompt another cut are set to be disappointed. Believe it or not, most forecasters still expect Rachel Reeves’ first Budget to boost the economy in … Continue reading Stalling economy unlikely to sway the Bank of England
Tag: MPC
The Budget has just made the Bank’s job even harder
It is good to start for once with some praise for the Bank of England. After the Halloween Budget in the UK and the fireworks of election night in the US, the Bank’s Monetary Policy Committee helped to calm the nerves by delivering the expected quarter point cut in interest rates (to 4.75pc) on Thursday. … Continue reading The Budget has just made the Bank’s job even harder
The Bank of England should ignore politics and cut rates on Thursday
The Bank of England risks becoming Public Enemy Number 1 again this week. On Thursday the Bank’s Monetary Policy Committee will announce their latest decision on interest rates. If they surprise the markets by cutting rates just two weeks before election day, some will accuse them of trying to do the Conservatives a favour. On … Continue reading The Bank of England should ignore politics and cut rates on Thursday
Has the Bank of England missed the boat?
The global interest rate cutting cycle has begun, but there is little sign that the Bank of England is ready to jump on board. How much longer will the UK have to wait? This question became even more pressing last week when the European Central Bank (ECB) trimmed official rates in the euro area for … Continue reading Has the Bank of England missed the boat?
Plain-speaking Economics 