Tag: minutes

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 [...]

August 17, 2011 | 0 Comments More
Bank minutes suggest low rates for some time to come

Bank minutes suggest low rates for some time to come

Minutes of the Bank of England’s July 6-7 meeting have been released today and have revealed the Monetary Policy Committee (MPC) again 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 [...]

July 20, 2011 | 0 Comments More
Just two policy members vote for interest rate rise

Just two policy members vote for interest rate rise

Minutes of the Bank of England’s June 8-9 meeting have been released today and have revealed 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. [...]

June 22, 2011 | 0 Comments More
Three policy members again vote for interest rate rise

Three policy members again vote for interest rate rise

Minutes of the Bank of England’s May 4-5 meeting have been released today and have revealed the Monetary Policy Committee (MPC) again voted 6-3 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 [...]

May 18, 2011 | 0 Comments More
Three policy members again vote for interest rate rise

Three policy members again vote for interest rate rise

Minutes of the Bank of England’s April 6-7 meeting have been released today and have revealed the Monetary Policy Committee (MPC) again voted 6-3 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 [...]

April 20, 2011 | 0 Comments More
UK inflation surges to 4.4% in February

UK inflation surges to 4.4% in February

The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) rose to an annual rate of 4.4% in February – the highest rate since October 2008. The latest figures mean inflation is still way above the target of 2% – where it has been for more than a year and exceeded economists expectations [...]

March 22, 2011 | 0 Comments More
Bank minutes reveal three policy members voted for rate rise

Bank minutes reveal three policy members voted for rate rise

Minutes of the Bank of England’s February meeting have been released today and have revealed the Monetary Policy Committee (MPC) voted 6-3 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. However, [...]

February 23, 2011 | 0 Comments More
Policymaker urges BoE to respond to inflation

Policymaker urges BoE to respond to inflation

Andrew Sentance, one of the Bank of England’s Monetary Policy Committee (MPC) members, has once again spoken of stubbornly high inflation. Mr Sentance has, at the last seven rate-setting meetings, voted for the base rate to be lifted, in order to combat high inflation. He is expected to have voted this month for rates to [...]

January 24, 2011 | 0 Comments More
US Fed to proceed with QE2

US Fed to proceed with QE2

Minutes from the December 14 policy meeting have revealed that US central bank, the Federal Reserve, will press ahead with its $600 billion (£385 billion) stimulus programme. The fresh round of stimulus comes despite improvements in the world’s largest economy, the minutes revealed. Many economists suggested that the strengthening recovery would result in the Fed [...]

January 5, 2011 | 1 Comment 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
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 [...]

December 7, 2010 | 0 Comments More
US Fed unveils November minutes

US Fed unveils November minutes

November 24, 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
US Federal Reserve expected to introduce further QE

US Federal Reserve expected to introduce further QE

The FTSE 100 received a boost today after speculation that the US Federal Reserve will provide extra stimulus to strengthen the economy. The news emerged from the Fed’s minutes from the most recent FOMC meeting, which cheered investors. The FTSE closed up 85.76 points, at 5,747.35 - its highest closing level since April 26, and [...]

October 13, 2010 | 0 Comments More
Policymaker Andrew Sentance continues argument for higher interest rates

Policymaker Andrew Sentance continues argument for higher interest rates

Minutes of the Bank of England’s September meeting have been released today and have revealed that the Monetary Policy Committee (MPC), again, voted 8-1 earlier this month to keep interest rates at the historic low of 0.5% – where they have been since March 2009. For several months now, the decision was not unanimous after [...]

September 22, 2010 | 0 Comments More
Bank voted 8-1 to hold rates in August

Bank voted 8-1 to hold rates in August

Minutes of the Bank of England’s August meeting have been released today and have revealed that the Monetary Policy Committee (MPC) voted 8-1 earlier this month to keep interest rates at the historic low of 0.5% – where they have been since March 2009. It was Martin Weale’s first rate-setting meeting. Mr Weale replaced Kate [...]

August 18, 2010 | 0 Comments More
Bank voted 7-1 to hold rates in July

Bank voted 7-1 to hold rates in July

Minutes of the Bank of England’s July meeting have been released today and have revealed that the Monetary Policy Committee (MPC) voted 7-1 earlier this month to keep interest rates at the historic low of 0.5% – where they have been since March 2009. Again, the usual nine-strong committee comprised of only eight members as [...]

July 21, 2010 | 0 Comments More
Bank voted 7-1 to hold rates in June

Bank voted 7-1 to hold rates in June

Minutes of the Bank of England’s June meeting have been released today and have revealed that the Monetary Policy Committee (MPC) voted 7-1 earlier this month to keep interest rates at the historic low of 0.5% - where they have been since March 2009. The usual nine-strong committee comprised of only eight members this month [...]

June 23, 2010 | 0 Comments More
Base rate setters unanimous in April

Base rate setters unanimous in April

The Bank of England’s Monetary Policy Committee has published the minutes of its April rate-setting meeting which reveal that the decision to keep the base rate at its historic low of 0.5% was unanimous. The minutes state: “All members agreed that the events of the past month had not been significant enough to substantially alter [...]

April 22, 2010 | 0 Comments More