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News Tag: MPC

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 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 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 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 21, 2011

BoE policymaker supports low interest rates

by Kay Mitchell
”BoE
One of the members of the Bank of England’s Monetary Policy Committee (MPC), Paul Fisher, has argued that the central bank is right to keep interest rates low. His comments come despite leading business groups urging the bank to lift rates to combat soaring inflation, which is currently more than double its 2% target. Last week, Bank of England Governor Mervyn King ...




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 ...




June 2, 2011

Policymaker against lifting interest rates

by Kay Mitchell
”Policymaker
Policymaker Paul Fisher has said the Bank of England is right not to have lifted interest rates from their current low of 0.5%, suggesting the economy is still too fragile. His comments in the Daily Mail come despite calls from business groups to raise interest rates to curb inflation – which is currently running at more than double the target of 2%. However, Mr ...




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 ...




May 17, 2011

UK inflation soars to 2½-year high in April

by Kay Mitchell
UK inflation soars to 2½-year high in April
The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) surged to an annual rate of 4.5% in April – a level not seen since October 2008 and higher than forecasts of a rise to 4.2%. The surprise surge in inflation comes after the rate dropped to 4% in March and was attributed to soaring travel costs around the ...




April 27, 2011

Markets await UK first quarter GDP figures

by Kay Mitchell
Markets await UK first quarter GDP figures
The Office for National Statistics (ONS) will today publish economic growth figures for the January to March period. The figures are much awaited by analysts after the economy suffered a shock contraction in the last three months of 2010 – attributed to bad weather at the end of the year. GDP is expected to expand in the first quarter but should the economy ...




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 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 ...