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30th of December 2010
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News Tag: Martin Weale

September 29, 2010

MPC’s Posen suggests printing more money

by Kay Murchie
’MPC’s
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 shortly after fellow policymaker, Martin Weale, suggested ...




September 15, 2010

BoE policymaker suggests extending QE programme

by Kay Murchie
”BoE
Bank of England policymaker Martin Weale has suggested that the Bank should consider extending its £200 billion quantitative easing (QE) programme. 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. The Bank embarked on its QE programme in March 2009, when the economy ...




BoE policymaker admits high inflation is a concern

by Kay Murchie
’BoE
Professor David Miles, who joined the Bank of England’s Monetary Policy Committee (MPC) in June 2009, has warned that high inflation is a concern and it is likely to remain relatively volatile over the next few years. Professor Miles was quotes in the East Anglian Daily Times as saying: "From my point of view on the MPC, I am particularly ...




August 5, 2010

UK interest rates remain on hold

by Kay Murchie
’UK
The Bank of England’s (BoE) Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5% for the 18th consecutive month, as widely expected. Furthermore, the Bank opted not to inject any more funds into the economy via its quantitative easing (QE) scheme – introduced to stimulate growth within the economy. Interest rates ...




August 4, 2010

BoE expected to keep interest rates on hold tomorrow

by Kay Murchie
’BoE
The Bank of England’s Monetary Policy Committee (MPC) is tomorrow expected to keep UK interest rates on hold at the historically low level of 0.5% for the 18th consecutive month. Furthermore, all members of the MPC are expected to keep the quantitative easing programme (QE) on hold. QE, also known as printing money, is a process whereby the Treasury ...




July 18, 2010

MPC member continues his argument for higher interest rates

by Kay Murchie
’MPC
Bank of England policymaker, Andrew Sentance, has reiterated that the Bank’s Monetary Policy Committee (MPC) needs to gradually lift interest rates from their historic level of 0.5% as high inflation persists. The latest official data shows that British annual consumer price inflation (CPI) eased to 3.2% in June – down from 3.5% in May - however, the rate ...




July 9, 2010

Think tank warns recovery will be sluggish due to austerity measures

by Kay Murchie
”Think
The National Institute of Economic and Social Research (NIESR) is forecasting that the UK economy expanded by 0.7% in the three months to the end of June. Official figures for the period will be released later this month but the think tank believes most of the growth occurred over April and May. Growth is expected to fall back ...




July 8, 2010

BoE keeps interest rates on hold

by Kay Murchie
’BoE
The Bank of England’s (BoE) Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5% for the 17th consecutive month, as widely expected. Furthermore, the Bank opted not to inject any more funds into the economy via its quantitative easing (QE) scheme – introduced to stimulate growth within the economy. In ...




July 7, 2010

BoE expected to keep interest rates on hold tomorrow

by Kay Murchie
’BoE
The Bank of England’s Monetary Policy Committee (MPC) is tomorrow expected to keep UK interest rates on hold at the historically low level of 0.5% for the 17th consecutive month. Furthermore, all members of the MPC are expected to keep the quantitative easing programme (QE) on hold. QE, also known as printing money, is a process whereby the ...




July 5, 2010

Martin Weale joins Monetary Policy Committee

by Kay Murchie
’Martin
The Treasury has today announced Martin Weale will join the Bank of England's Monetary Policy Committee (MPC). Mr Weale will assume his position in time for next month’s rate-setting meeting and replaces Kate Barker after her term ended on 31 May. Consequently, the Bank’s June meeting only comprised eight members but it will resume to the traditional nine members next month. Mr Weale ...