Tag: QE

Bank of England to launch £50bn economic stimulus

Bank of England to launch £50bn economic stimulus

The bank of England is expected to launch another round of quantitative easing (QE) this week, in the hope of preventing the UK falling into another recession, after the economy contracted by 0.2 per cent at the end of last year. The bank is likely to pump at least £50 billion into the economy by [...]

February 6, 2012 | 0 Comments More
BoE Governor: QE may not boost lending

BoE Governor: QE may not boost lending

Mervyn King, the Bank of England’s Governor, has confessed that the latest round of stimulus is not guaranteed to boost lending to SMEs. The ongoing lack of credit to SMEs has been a major concern for the Government as these companies are the key to job creation in the UK and are expected to be [...]

BoE minutes: MPC unanimous over fresh round of QE

BoE minutes: MPC unanimous over fresh round of QE

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 [...]

UK trade deficit narrows in August

UK trade deficit narrows in August

The Office for National Statistics (ONS) has today revealed the UK trade deficit narrowed in August as export values hit an all-time high and imports fell. The goods trade gap shrank to £7.77 billion in August from £8.15 billion the previous month, said the ONS. Total exports of goods reached £25.5 billion, led by fuels [...]

UK interest rates on hold but central bank announces QE boost

UK interest rates on hold but central bank announces QE boost

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 [...]

Bank minutes suggest further round of QE

Bank minutes suggest further round of QE

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 [...]

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 [...]

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NIESR: UK economic recovery to remain sluggish

NIESR: UK economic recovery to remain sluggish

Recovery of the UK economy is to remain sluggish, with GDP slowing to 0.2% in the June to August period, the National Institute of Economic and Social Research (NIESR) predicts. This compares with a 0.6% rate in the three months to July. The influential think tank believes if the weakness continues, the Bank of England [...]

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UK interest rates expected to remain on hold

UK interest rates expected to remain on hold

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 [...]

All nine policymakers vote for rate freeze

All nine policymakers vote for rate freeze

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 [...]

Base rate held at 0.5%

Base rate held at 0.5%

The Bank of England’s Monetary Policy Committee (MPC) has opted to keep the base rate at 0.5% in August, as widely expected. The rate has remained at its historic low for well over two years and earlier predictions of a rise this autumn lost credibility once UK economic growth slowed to 0.2%, in the second [...]

Cable: economy needs quantitative easing boost

Cable: economy needs quantitative easing boost

The sluggish performance of the UK economy needs combating with another round of Quantitative Easing (QE), according to Business Secretary, Vince Cable. In an interview with The Financial Times, the minister identifies weak demand as a serious block to growth and urges the Bank of England to resume its QE programme, which was suspended early [...]

Policymaker against lifting interest rates

Policymaker against lifting interest rates

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 [...]

UK interest rates and QE remain on hold

UK interest rates and QE 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 showed the economy [...]

BoE not expected to make a move on interest rates or QE

BoE not expected to make a move on interest rates or QE

According to economists, the Bank of England is widely expected to keep interest rates on hold this month. The Monetary Policy Committee (MPC) commences its two-day meeting today and interest rates are expected to be kept at the historic low of 0.5% – where they have been for almost two years. In addition, analysts expect [...]

Bank minutes reveal another three-way split in December

Bank minutes reveal another three-way split in December

Minutes of the Bank of England’s December meeting have been released today and have revealed that the Monetary Policy Committee (MPC) were split three ways – for the third consecutive month. Adam Posen, again, called for an injection of £50 billion via the Bank’s quantitative easing (QE) programme to boost the economy. Furthermore, for the [...]

US Fed keeps interest rates on hold

US Fed keeps interest rates on hold

The Federal Reserve’s policy-setting arm, the FOMC, elected to keep interest rates on hold between 0% and 0.25% - a move which was widely expected. The Federal Open Market Committee also reaffirmed its commitment to buy $600 million in Government bonds - a policy which was branded “QE2“ (quantitative easing) and designed to boost the [...]

No changes expected from Federal Reserve

No changes expected from Federal Reserve

The Federal Reserve’s policy-setting arm, the FOMC, is scheduled to announce its decision on monetary policy today, with economists expecting no change in interest rates or to its quantitative easing programme. Last month, the Federal Open Market Committee, opted to restart its stimulus programme. The measures, introduced to stimulate the economic recovery, saw the central [...]

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UK interest rates and QE remain on hold

UK interest rates and QE 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% – where they have been since March 2009. Furthermore, the Bank opted not to inject any more funds into the economy via its quantitative easing (QE) scheme – introduced to [...]

BoE will not make a move on interest rates

BoE will not make a move on interest rates

According to economists, the Bank of England is widely expected to keep interest rates on hold for the medium-term. The Monetary Policy Committee (MPC) will start its two-day meeting tomorrow and rates are expected to be kept at the historic low of 0.5% - where they have been since March 2009. In addition, analysts expect [...]