Tag: Spencer Dale

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
UK recovery on track, says BoE economist

UK recovery on track, says BoE economist

Spencer Dale, the Bank of England’s chief economist, has said the UK economic recovery is on track. His comments come despite a shock contraction in the fourth quarter of last year. However, this was attributed to the coldest December for more than a century. In the bank’s latest bulletin, published today, Mr Dale said: “The [...]

March 21, 2011 | 0 Comments More
MPC member gives negative outlook for economy

MPC member gives negative outlook for economy

One of the Bank of England’s most senior policy makers, Spencer Dale, has provided a gloomy outlook for the UK economy. In an interview with the Independent, Mr Dale has warned that growth prospects have been hit following Chancellor George Osborne’s tough austerity measures. Furthermore, unemployment and inflation are likely to rise. He added that [...]

July 22, 2010 | 0 Comments More
November minutes show Bank split over QE increase

November minutes show Bank split over QE increase

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. [...]

November 18, 2009 | 0 Comments More