Tag: Adam Posen

Challenging times ahead warns policymaker

Challenging times ahead warns policymaker

Spencer Dale, one of the Bank of England’s Monetary Policy Committee (MPC) members, has warned that rising inflation is a “significant risk” to the UK economy. Mr Dale, who is the Bank of England’s chief economist, said the UK can expect some tough times ahead over the next few years and said he is “not [...]

May 30, 2011 | 0 Comments More
Policymaker against lifting interest rates

Policymaker against lifting interest rates

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 [...]

May 27, 2011 | 0 Comments More
MPC’s Posen expects inflation to fall to 1.5% by mid-2012

MPC’s Posen expects inflation to fall to 1.5% by mid-2012

Bank of England policymaker Adam Posen believes inflation will plunge to 1.5% by the middle of next year. His expectation is for a much sharper fall than his fellow policy members. The American economist is so certain of his prediction that he has threatened to step down from the Committee, when his three-year term ends [...]

March 29, 2011 | 0 Comments More
Bank minutes reveal two policy members voted for rate rise

Bank minutes reveal two policy members voted for rate rise

Minutes of the Bank of England’s January meeting have been released today and have revealed that 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. [...]

January 26, 2011 | 0 Comments More
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 [...]

December 22, 2010 | 0 Comments More
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 [...]

December 9, 2010 | 0 Comments More
Bank minutes reveal another three-way split

Bank minutes reveal another three-way split

Minutes of the Bank of England’s November meeting have been released today and have revealed that the Monetary Policy Committee (MPC) were split three ways - for the second 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 [...]

November 17, 2010 | 0 Comments More
BoE minutes reveal three-way split

BoE minutes reveal three-way split

Minutes of the Bank of England’s October meeting have been released today and have revealed that the Monetary Policy Committee (MPC) were split three ways. Adam Posen called for an injection of £50 billion via its quantitative easing (QE) programme to boost the economy. For the fifth consecutive month, policymaker Andrew Sentance voted for interest [...]

October 20, 2010 | 0 Comments More
MPC’s Posen suggests printing more money

MPC’s Posen suggests printing more money

Bank of England policymaker, Adam Posen, has suggested injecting more cash into the economy, via the quantitative easing (QE) scheme. According to Mr Posen of the Monetary Policy Committee (MPC), more stimulus is required to help the recovery and to avoid a similar kind of slump which Japan experienced in the 1990s. His suggestion comes [...]

September 29, 2010 | 0 Comments More
UK inflation expected to ease further in June

UK inflation expected to ease further in June

The Office for National Statistics (ONS) is scheduled to announce the UK inflation rate this morning, with analysts expecting the annual rate to be around 3.1%. Last month, the ONS reported Consumer Price Inflation (CPI) eased to 3.5% from a 17-month high of 3.7% in April – but still above the 2% target. However, many [...]

July 13, 2010 | 0 Comments More
Quantitative easing set to be extended according to reports

Quantitative easing set to be extended according to reports

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. [...]

December 23, 2009 | 0 Comments More
MPC member warns of ‘lost decade’

MPC member warns of ‘lost decade’

Bank of England’s Monetary Policy Committee (MPC) member, Adam Posen, has warned that the UK is facing a Japan-style lost decade. Japan, which is the world’s second largest economy, endured a so-called “Lost Decade” in the 1990s, whereby economic expansion grinds to a halt. In a speech, Mr Posen warned that Britain’s dysfunctional banking system [...]

October 27, 2009 | 0 Comments More