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Friday 19th of March 2010

News Tag: quantitative easing

March 18, 2010

BoE report reveals sharp fall in UK business lending

by Kay Murchie
’BoE
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 ...



March 17, 2010

Bank voted 9-0 to hold rates and QE programme

by Kay Murchie
’Bank
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, ...



March 4, 2010

BoE keeps interest rates and QE on hold

by Kay Murchie
”BoE
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 expected to keep interest rates on hold

by Kay Murchie
’BoE
The Bank of England’s Monetary Policy Committee (MPC) is today expected to keep UK interest rates on hold at the historically low level of 0.5% for the 12th consecutive month. In addition, the Bank is expected not to inject any more money into the economy through its quantitative easing (QE) scheme. Last month, the Bank announced it was pausing its ...



February 23, 2010

Rating agencies should not be concerned about UK’s fiscal position says King

by Kay Murchie
’Rating
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 ...



February 17, 2010

Bank voted 9-0 to hold rates and QE programme

by Kay Murchie
’Bank
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 ...



February 4, 2010

BoE keeps interest rates on hold and halts QE

by Kay Murchie
’BoE
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 expected to leave interest rates on hold and halt QE

by Kay Murchie
”BoE
The Bank of England’s Monetary Policy Committee (MPC) is today expected to keep UK interest rates on hold at the historically low level of 0.5% for the eleventh month in a row. In addition, many analysts expect the Bank to pause its quantitative easing (QE) scheme. Economist Allan Monks of JP Morgan said there remained a "25% chance" ...



January 20, 2010

Bank voted 9-0 to hold rates and QE programme

by Kay Murchie
”Bank
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 ...



January 7, 2010

UK interest rates unchanged at 0.5%

by Kay Murchie
”UK
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 ...



BoE widely expected to leave interest rates at 0.5% today

by Kay Murchie
”BoE
The Bank of England’s Monetary Policy Committee (MPC) is today expected to keep UK interest rates on hold at the historically low level of 0.5% for the tenth month in a row. In addition, there is unlikely to be any change with regard to its quantitative easing (QE) scheme but growing signs that the UK has finally exited ...



December 23, 2009

BoE policymakers voted 9-0 to keep interest rates on hold

by Kay Murchie
”BoE
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 ...



Quantitative easing set to be extended according to reports

by Kay Murchie
”Quantitative
The Daily Mail has reported that the Bank of England is set to extend its quantitative easing (QE) scheme by as much as £25 billion next year. QE, also known as printing money, is a process whereby the Treasury injects funds into the financial system to ease pressure on banks by giving them extra capital. In November, the ...



December 18, 2009

BoE report reveals financial sector is strengthening

by Kay Murchie
”BoE
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 ...



December 10, 2009

UK interest rates unchanged for ninth consecutive month

by Kay Murchie
”UK
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 ...



BoE widely expected to leave interest rates at 0.5% today

by Kay Murchie
”BoE
The Bank of England’s Monetary Policy Committee (MPC) is today expected to keep UK interest rates on hold at the historically low level of 0.5% for the ninth month in a row. Last month, the Bank announced that it would pump another £25 billion into the economy under its quantitative easing programme. The amount was in addition to the ...



November 30, 2009

Japanese yen falls after Minister’s comments

by Kay Murchie
Japanese yen falls after Minister’s comments
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 ...



November 18, 2009

November minutes show Bank split over QE increase

by Kay Murchie
”November
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 11, 2009

Bank issues latest quarterly inflation report

by Kay Murchie
Bank issues latest quarterly inflation report
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 ...



November 5, 2009

Base rate held at 0.5% plus £25bn boost for UK economy

by Gill Montia
Base rate held at 0.5% plus £25bn boost for UK economy
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 ...