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Showing 1 - 10 of 14 results for "Monetary Policy Council"

Chief economist update: BOE waiting on Brexit

BENJAMIN ONG  |  FRIDAY, 2 NOV 2018
When the Bank of England's (BOE) Monetary Policy Council (MPC) unanimously voted to raise the Bank Rate by 25 bps to 0.75% on the 2nd of August, BOE governor Mark Carney was quoted as saying, "The mistake is to always wait, wait, wait until you ...

The BOE's got no problem

BENJAMIN ONG  |  THURSDAY, 23 AUG 2018
When the Bank of England's (BOE) Monetary Policy Council (MPC) unanimously voted to raise the Bank Rate by 25 bps to 0.75% on August 2, BOE governor Mark Carney was quoted as saying: "The mistake is to always wait, wait, wait until you have perfect ...

Chief economist update: Heaven can wait but the BOE couldn't

BENJAMIN ONG  |  FRIDAY, 3 AUG 2018
... ahead and did it. It lifted the Bank Rate by 25 basis points to 0.75% at the conclusion of its August Monetary Policy Council (MPC) meeting. To be sure, the British central bank had been itching to do so back in May. Despite the slowdown in the UK economy ...

Chief economist update: Three ayes for a rate hike

BENJAMIN ONG  |  FRIDAY, 22 JUN 2018
... 0.75% at its next meeting on August 3. The reason is the vote count. Three members (against six) of the Monetary Policy Council (MPC) voted to raise the Bank Rate at its June meet as against only two when it convened in May and nil in March. The three ...

BOE does what it said it would do

BENJAMIN ONG  |  FRIDAY, 3 NOV 2017
... what it said it would do -- it lifted the Bank Rate by 25 basis points to 0.5% following its 2 November monetary policy council meeting (MPC). The announcement marks the first time in more than a decade that the BOE raised its key overnight benchmark ...

Go ahead BOE, make my day

BENJAMIN ONG  |  WEDNESDAY, 18 OCT 2017
... "coming months" could turn out to be coming "month". That's on 2 November when the British central bank's monetary policy council next meets. Its twin mandate - full employment and stable inflation - dictates so. The UK's unemployment rate dropped to ...

The British pound's sterling reversal

BENJAMIN ONG  |  MONDAY, 18 SEP 2017
... the close of last week's trading. And no, it's not because of what the Bank of England (BOE) did at the monetary policy council's 14 September meeting - it kept policy unchanged as expected - but what it told markets it's about to do that sent the British ...

Central bank surprises

BENJAMIN ONG  |  THURSDAY, 22 JAN 2015
... central bank pointing the finger on sliding oil price. The same factor behind the Bank of England (BOE) Monetary Policy Council (MPC) members Martin Weale and Ian McCafferty's dropping their calls for an interest rate hike. This is because, "The fall ...

Forward guidance at its best

BENJAMIN ONG  |  THURSDAY, 13 NOV 2014
... and limited." Get ready for an interest rate lift off then? Well, errr... not quite. This is because the monetary policy council (MPC) judges that there's around 1.0% slack in the economy - and along with "them" - has changed the inflation outlook for ...

All about the slack

BENJAMIN ONG  |  THURSDAY, 7 AUG 2014
... to withstand the first interest rate hike which it has kept at a record low 0.5% since March 2009. The monetary policy council (MPC) would be reassessing if continuing strong growth momentum is closing the slack in the economy - recently estimated to ...
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