Tag: National Institute for Economic and Social Research

Charles Bean: Bank needs to monitor CPI

Charles Bean: Bank needs to monitor CPI

The Bank of Englanda��s Deputy Governor, Charles Bean, has said the Monetary Policy Committee (MPC) may be forced to hike interest rates if commodity prices remain high and inflation becomes embedded. His comments, published in the Western Mail newspaper, come as inflation remains well above target. MPC member, Andrew Sentance, has previously warned that the […]

February 2, 2011 More
NIESR forecasting three rate rises this year

NIESR forecasting three rate rises this year

Influential think tank, the National Institute for Economic and Social Research (NIESR) is expecting the Bank of England to lift interest rates three times this year. The London-based think tank made the comments after calling on Chancellor George Osborne to consider deferring the harsh spending cuts the Government has introduced. Ray Barrell of the NIESR […]

February 1, 2011 More
NIESR warns BoE not to act hastily regarding QE

NIESR warns BoE not to act hastily regarding QE

Influential think tank, the National Institute for Economic and Social Research (NIESR), is urging the Bank of England to be cautious when considering its next move for the UK economy. Speculation is mounting that the Bank of England will pump a further A?50 billion into the economy next month via its quantitative easing (QE) programme. […]

October 20, 2010 More
BoE in no rush to hike interest rates

BoE in no rush to hike interest rates

Speaking in front of the House of Commons’ Treasury select committee, the Governor of the Bank of England, Mervyn King, has reiterated that interest rates will stay at the historic low of 0.5% for some time to come. Mr King said: “It’s right to keep our foot firmly on the monetary accelerator”, adding he is […]

July 28, 2010 More
Think tank provides gloomy recovery prospects

Think tank provides gloomy recovery prospects

Influential think tank, the National Institute for Economic and Social Research (NIESR), believes the economic recovery will be slower than the Government anticipates. The new coalition Government is optimistic in its prediction for economic growth and expects it to be 2.3% next year and 2.8% the year after. However, the Institute is forecasting that the […]

Is the recession over already?

Is the recession over already?

Britain’s recession may already have ended, according to a new report. Economic output in the UK re-entered growth during April and May, a government funded thinktank has revealed. Gross Domestic Product (GDP) grew 0.2% in April and 0.1% in May, the National Institute for Economic and Social Research (NIESR) claimed. If this growth continues through […]