Tag: Ben Broadbent

Just two policy members vote for interest rate rise

Just two policy members vote for interest rate rise

Minutes of the Bank of England’s June 8-9 meeting have been released today and have revealed the Monetary Policy Committee (MPC) voted 7-2 to lift interest rates and 8-1 to restart the Bank’s quantitative easing (QE) scheme. Adam Posen, again, called for an injection of £50 billion via the QE scheme to boost the economy. [...]

June 22, 2011 | 0 Comments More
UK interest rates remain on hold

UK interest rates remain on hold

The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5%, as widely expected. Interest rates have now been at this low level since March 2009 – when the economy was in the midst of recession. Recent figures show the economy [...]

June 9, 2011 | 0 Comments More
Andrew Sentance continues argument for higher interest rates

Andrew Sentance continues argument for higher interest rates

Dr Andrew Sentance, one of the external members of the Bank of England’s Monetary Policy Committee (MPC), has once again argued the case for higher interest rates. Mr Sentance has, since last June, voted for the base rate to be lifted, in order to combat high inflation. He has previously warned that the central Bank [...]

March 28, 2011 | 0 Comments More
Ben Broadbent to joins Monetary Policy Committee

Ben Broadbent to joins Monetary Policy Committee

The Treasury has today announced Ben Broadbent will join the Bank of England’s Monetary Policy Committee (MPC). Mr Broadbent, a Goldman Sachs economist, will assume his position in time for the June rate-setting meeting and replaces Andrew Sentance after his term ends on 31 May. Broadbent’s research at Goldman has suggested there will be three [...]

March 7, 2011 | 0 Comments More