News Tag: quantitative easing
March 18, 2010
The latest Bank of England quarterly lending survey has revealed lending to British businesses slumped in January.
According to the report, net lending fell by 9.3% during the month - the sharpest decline since records began in 1999.
Banks and building societies lent £6.5 billion in January and followed a drop of £3.4 billion in the previous month, the ...
BoE report reveals sharp fall in UK business lending
by Kay Murchie
March 17, 2010
Minutes of the Bank of England’s March meeting have been released today and have revealed that the Monetary Policy Committee (MPC) voted unanimously earlier this month to keep interest rates at the historic low of 0.5%.
Furthermore, all nine members of the MPC opted to keep the quantitative easing (QE) on hold.
QE, also known as printing money, ...
Bank voted 9-0 to hold rates and QE programme
by Kay Murchie
March 4, 2010
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% for the 12th consecutive month.
In addition, it has opted not to inject any more funds into the economy via its quantitative easing (QE) scheme - introduced to stimulate growth within the economy.
Last month, ...
BoE keeps interest rates and QE on hold
by Kay Murchie
BoE expected to keep interest rates on hold
by Kay Murchie
February 23, 2010
Mervyn King, the Bank of England’s Governor, has today appeared before the Treasury Select Committee to discuss the latest inflation figures and the issues surrounding the UK’s economy.
Last week, the Office for National Statistics revealed Consumer Price Inflation (CPI) rose to a 14-month high of 3.5% in January, driven by higher petrol costs ...
Rating agencies should not be concerned about UK’s fiscal position says King
by Kay Murchie
February 17, 2010
Minutes of the Bank of England’s February meeting have been released today and have revealed that the Monetary Policy Committee (MPC) voted unanimously this month to keep interest rates at the historic low of 0.5%.
Furthermore, all nine members of the MPC opted to put the brakes on the quantitative easing (QE) programme.
QE, also known as printing ...
Bank voted 9-0 to hold rates and QE programme
by Kay Murchie
February 4, 2010
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% for the eleventh month in a row.
In addition, it has put the brakes on its quantitative easing (QE) scheme - introduced to stimulate growth within the economy.
QE, also known as printing money, ...
BoE keeps interest rates on hold and halts QE
by Kay Murchie
BoE expected to leave interest rates on hold and halt QE
by Kay Murchie
January 20, 2010
Minutes of the Bank of England’s January meeting have been released today and have revealed that the Monetary Policy Committee (MPC) voted unanimously this month to keep interest rates at the historic low of 0.5%.
Furthermore, all nine members of the MPC opted to leave its quantitative easing (QE) programme unchanged at £200 billion.
QE, also known as printing ...
Bank voted 9-0 to hold rates and QE programme
by Kay Murchie
January 7, 2010
The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the record low of 0.5% - a level which has been in force since March 2009.
Furthermore there are no changes to its quantitative easing (QE) programme. In November, the Bank announced that it would pump another £25 billion into the economy under ...
UK interest rates unchanged at 0.5%
by Kay Murchie
BoE widely expected to leave interest rates at 0.5% today
by Kay Murchie
December 23, 2009
Minutes of the Bank of England’s December meeting have been released today and have revealed that the Monetary Policy Committee (MPC) voted unanimously this month to keep interest rates at the historic low of 0.5%.
Furthermore, the Bank also opted to leave its quantitative easing (QE) programme unchanged at £200 billion.
In November, the MPC extended its ...
BoE policymakers voted 9-0 to keep interest rates on hold
by Kay Murchie
Quantitative easing set to be extended according to reports
by Kay Murchie
December 18, 2009
In its twice-yearly Financial Stability Report, the Bank of England said that over the last six months, the financial sector has become "significantly more stable”.
While the Bank acknowledged that commercial banks still had more to do to improve their long-term stability, action taken to strengthen the sector, such as historically low interest rates and its quantitative easing scheme, had improved ...
BoE report reveals financial sector is strengthening
by Kay Murchie
December 10, 2009
The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the record low of 0.5% for the ninth month in a row.
Furthermore there are no changes to its quantitative easing (QE) programme. Last month, the Bank announced that it would pump another £25 billion into the economy under its QE ...
UK interest rates unchanged for ninth consecutive month
by Kay Murchie
BoE widely expected to leave interest rates at 0.5% today
by Kay Murchie
November 30, 2009
Last week, the US dollar continued its fall against the Japanese yen, sliding to a 14-year low.
The falls led to Japan’s finance minister, Hirohisa Fujii, to say that the Government is monitoring the yen but did not suggest immediate intervention.
While a strong yen is good news for the economy, it makes Japanese exports less competitive - but means imports are ...
Japanese yen falls after Minister’s comments
by Kay Murchie
November 18, 2009
Minutes of the Bank of England’s November meeting have been released today and have revealed that the Monetary Policy Committee (MPC) voted unanimously this month to keep interest rates at the historic low of 0.5%.
However, the minutes show that the MPC was split three ways over whether to increase its quantitative easing (QE) programme.
Seven members of the nine-strong committee ...
November minutes show Bank split over QE increase
by Kay Murchie
November 11, 2009
The Bank of England’s latest quarterly inflation report, published today, has revealed a much better outlook for the UK economy than its previous report in August.
The Bank increased its forecast for economic growth over the next two years predicting that gross domestic product (GDP) should rise above 4% early 2011 before slowing to 3% by the end of 2012.
In its ...
Bank issues latest quarterly inflation report
by Kay Murchie
November 5, 2009
The Bank of England's Monetary Policy Committee has kept the base rate at 0.5% in November, as widely expected.
The historically low rate has been extended for the eighth successive month, in efforts to keep borrowing as cheap as possible as the UK struggles on in recession.
In addition, the Bank has announced that it will pump another ...
Base rate held at 0.5% plus £25bn boost for UK economy
by Gill Montia
