Tag Archives: Bank of England
Forecasting Group Advises BoE to Let Wages Rise Before Interest Rates
The EY Item Club report calls for Bank of England policymakers to bolster their forward guidance policy which pledges not to consider lifting the rate from 0.5% until unemployment has fallen to 7%.
Bank of England November Inflation Report
The 7% unemployment threshold likely to be reached already in Q3 2015 – one year prior to the August forecast.
Next Week’s Data and Events
Nonfarm payrolls should post another solid increase in July (185K). Private payrolls should match our headline estimate,
BOE Minutes: Policy on hold ahead of the important Aug Inflation Report
The Minutes from the July BOE meeting was released earlier today.The MPC voted 9-0 for unchanged Asset Purchase Facility (at GBP 375 bn) and 9-0 for unchanged base rate at 0.5%.
Minor changes to longer-term GBP forecast
We have made minor adjustments to our longer-term financial forecasts for the UK. Below we summarise our scenario and the key reasoning behind the numbers.
FOMC meeting is today’s main focus
Today’s FOMC meeting remains a key focus. We do not expect the Fed to change its policy settings at this meeting (7pm BST).
United Kingdom: Is the BoE jumping the gun?
The second estimate of Q1 GDP confirmed the 0.3% Q/Q growth figure reported in the preliminary estimate.
UK Monetary policy unchanged
Following today’s Monetary Policy Committee meeting, the Bank of England maintained its official rate at 0.5% and the amount of asset purchases at 375£ billion.
June central bank meetings: BoE in focus
Both the Bank of England and the European Central Bank are on the list of central banks meeting next week, which also includes Australia,
BOE Minutes: MPC voted 6-3 against expanding asset purchases
The message in Minutes from the May MPC meeting was very familiar and hence, the interpretation remains the same
Bank of England May Inflation Report
Higher growth and lower inflation but current policy stance seems to remain Growth forecast: According to the Committee’s judgment, both demand and effective supply look set to pick up gradually over the next year,
BoE on tap
BoE – no expectations The market is expecting nothing from the BoE today because of its habit of not releasing any kind of report on its deliberations.