|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    25th of February 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Economy News feed Economy News

All Financial News feed All Financial News




News Tag: Monetary Policy Committee

May 24, 2012

Bank of England votes against more economic stimulus

by Jan Harris
Bank of England votes against more economic stimulus
The Bank of England voted against a further round of quantitative easing, at its latest Monetary Policy Committee (MPC) meeting. Just one member, David Miles, voted for further asset purchase to encourage growth in the UK economy, while the other eight members voted to keep the Bank's quantitative easing programme steady at £325bn. The minutes of the meeting note that “for ...




October 19, 2011

BoE minutes: MPC unanimous over fresh round of QE

by Kay Mitchell
”BoE
Minutes of the Bank of England’s October 5-6 meeting have been released today and have revealed all nine members of the Monetary Policy Committee (MPC) voted to keep interest rates at the historic low of 0.5%. This was the third consecutive month that the Committee voted unanimously to keep rates at the record low, despite inflation running at more ...




October 7, 2011

Britain in most serious financial crisis ever

by Kay Mitchell
”Britain
Bank of England Governor, Mervyn King, believes Britain is in the midst of the “most serious financial crisis ever”. The Governor was speaking after the central bank’s Monetary Policy Committee (MPC) elected to keep interest rates on hold at the historically low level of 0.5%. Interest rates have now been at this low level since March 2009 – when the economy was ...




October 6, 2011

UK interest rates on hold but central bank announces QE boost

by Kay Mitchell
”UK
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 appears to be ...




September 29, 2011

Energy bill hikes will speed up inflation rate

by Kay Mitchell
”Energy
According to Spencer Dale, the Bank of England’s chief economist, UK inflation is set to accelerate due to soaring energy bills. The latest figures from the Office for National Statistics (ONS) revealed UK Consumer Price Inflation (CPI) rose to annual rate of 4.5% in August from July’s rate of 4.4% - more than double the 2% target. Higher inflation continues ...




September 21, 2011

Bank minutes suggest further round of QE

by Kay Mitchell
”Bank
Minutes of the Bank of England’s September 7-8 meeting have been released today and have revealed all nine members of the Monetary Policy Committee (MPC) voted to keep interest rates at the historic low of 0.5%. This was the second consecutive month that the Committee voted unanimously to keep rates at the record low after Martin Weale and Spencer Dale have ...




September 8, 2011

UK interest rates expected to remain on hold

by Kay Mitchell
”UK
The Bank of England’s Monetary Policy Committee (MPC) commenced its two-day rate-setting meeting yesterday and interest rates are expected to remain on hold at the record low of 0.5% – where they have been since March 2009. The bank is presented with a dilemma as it comes under pressure to raise interest rates to combat stubbornly high inflation – which ...




August 17, 2011

All nine policymakers vote for rate freeze

by Kay Mitchell
”All
Minutes of the Bank of England’s August 3-4 meeting have been released today and have revealed all nine members of the Monetary Policy Committee (MPC) voted to keep interest rates at the historic low of 0.5%. For several months, Martin Weale and Spencer Dale have been lone voices on the Committee by voting to hike rates to combat stubbornly high inflation. However, ...




August 4, 2011

UK interest rates to remain on hold today

by Kay Mitchell
”UK
The Bank of England’s Monetary Policy Committee (MPC) commenced its two-day rate-setting meeting yesterday and interest rates are expected to remain on hold at the record low of 0.5% – where they have been since March 2009. The bank is presented with a dilemma as it comes under pressure to raise interest rates to combat stubbornly high inflation – which ...




July 20, 2011

Bank minutes suggest low rates for some time to come

by Kay Mitchell
”Bank
Minutes of the Bank of England’s July 6-7 meeting have been released today and have revealed the Monetary Policy Committee (MPC) again 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. Martin Weale and ...




July 7, 2011

UK interest rates remain on hold

by Kay Mitchell
”UK
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 appears to be faltering so it ...




UK interest rates to remain on hold today

by Kay Mitchell
”UK
The Bank of England's Monetary Policy Committee (MPC) commenced its two-day rate-setting meeting yesterday and interest rates are expected to remain on hold at the record low of 0.5% - where they have been since March 2009. The bank is presented with a dilemma as it comes under pressure to raise interest rates to combat stubbornly high inflation. However, recent figures ...




June 22, 2011

Just two policy members vote for interest rate rise

by Kay Mitchell
”Just
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. For the last four months, ...




June 9, 2011

UK interest rates remain on hold

by Kay Mitchell
”UK
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 appears to be faltering so it ...




May 30, 2011

Challenging times ahead warns policymaker

by Kay Mitchell
”Challenging
Spencer Dale, one of the Bank of England’s Monetary Policy Committee (MPC) members, has warned that rising inflation is a “significant risk” to the UK economy. Mr Dale, who is the Bank of England's chief economist, said the UK can expect some tough times ahead over the next few years and said he is “not confident about the strength of the recovery”. Speaking to ...




May 27, 2011

Policymaker against lifting interest rates

by Kay Mitchell
”Policymaker
Bank of England policymaker Adam Posen today said the central bank is right not to have raised interest rates, despite stubbornly high inflation. For several months, three of Monetary Policy Committee (MPC) members have voted for interest rates to be lifted after inflation reached a 2½- year high last month of 4.5% – more than double the target. His comments in the Financial ...




April 20, 2011

Three policy members again vote for interest rate rise

by Kay Mitchell
’Three
Minutes of the Bank of England’s April 6-7 meeting have been released today and have revealed the Monetary Policy Committee (MPC) again voted 6-3 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. For the third consecutive ...




April 12, 2011

UK inflation in surprise fall to 4% in March

by Kay Mitchell
”UK
The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) fell to an annual rate of 4% in March, from February’s 28-month high of 4.4%. The fall was attributed to food prices, which fell 1.4%. While it was the first time in eight months inflation had slowed, it still remains double the target of 2% and ...




April 11, 2011

UK inflation to hold steady at 4.4% in March

by Kay Mitchell
”UK
The Office for National Statistics (ONS) is scheduled to announce the UK inflation rate for March tomorrow morning, with analysts expecting the annual rate to hold steady at the 28-month high of 4.4%. With inflation more than double the 2% target, many continue to speculate whether interest rates will be lifted next month. Last week, the Bank of England’s ...




April 7, 2011

UK interest rates remain on hold

by Kay Mitchell
’UK
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 showed the economy contracted in the fourth quarter of ...