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Showing 21 - 30 of 58 results for "MPC"

Chief economist update: BOE fails market expectations

BENJAMIN ONG  |  FRIDAY, 11 MAY 2018
... the Bank rate up to 0.5% with another 25 bps increase when it meets again on May 10. The Bank's Monetary Policy Committee (MPC) met as scheduled, but decided to keep monetary policy settings unchanged. The FTSE-100 index closed 0.5% higher on the day ...

BOE does what it said it would do

BENJAMIN ONG  |  FRIDAY, 3 NOV 2017
... 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 rate. The UK ...

Go ahead BOE, make my day

BENJAMIN ONG  |  WEDNESDAY, 18 OCT 2017
... forward guidance gained greater impetus when it was collaborated by a dove turned hawk. In a speech the following day, external MPC member Gertjan Vlieghe - considered one of the most dovish members of the council - told his audience that "the evolution ...

India's upside risks

BENJAMIN ONG  |  TUESDAY, 10 OCT 2017
... followed the RBI's 25 basis point reductions in the repo and reverse repo rates at its 2 August monetary policy committee (MPC) meeting. Not surprisingly, the RBI admitted that the introduction of the GST in July have had a negative impact on economic ...

The British pound's sterling reversal

BENJAMIN ONG  |  MONDAY, 18 SEP 2017
... markets it's about to do that sent the British pound soaring last week. Not only is it in black and white... "A majority of MPC members judge that, if the economy continues to follow a path consistent with the prospect of a continued erosion of slack ...

No follow through

BENJAMIN ONG  |  TUESDAY, 8 AUG 2017
... Bank Forum in Portugal that, "Some removal of monetary stimulus is likely to become necessary if the trade-off facing the MPC continues to lessen..." The BOE's announced no change in monetary policy at its 3 August meeting -- - the first since Carney ...

RBI succumbs to low-flation

BENJAMIN ONG  |  FRIDAY, 4 AUG 2017
... to 5.75% (reversing the 25 bps hike announced only four months before) - following its 2 August Monetary policy committee (MPC) meeting. Financial markets widely expected the decision given India's deteriorating growth and inflation fundamentals. GDP ...

Inflation matters

BENJAMIN ONG  |  WEDNESDAY, 26 JUL 2017
In his interview with 'The Independent' earlier this month, the Bank of England's (BOE) MPC external member Gertjan Vlieghe cautioned: "This is an environment where a premature hike would be a bigger mistake than one that turns out to be slightly late." ...

Data dictates immediate BOE action

BENJAMIN ONG  |  WEDNESDAY, 5 JUL 2017
... one where Carney declared that, "Some removal of monetary stimulus is likely to become necessary if the trade-off facing the MPC continues to lessen..." That trade-off, of course, is between unemployment/growth and inflation. UK GDP growth accelerated ...

No 'Plan B' for Brexit "twist and turns"

BENJAMIN ONG  |  FRIDAY, 12 MAY 2017
... 2019 - the years when the UK and the EU are in the midst of negotiations. As noted in the Monetary Policy Statement, "In the MPC's central forecast, weaker consumption this year is largely balanced by rising net trade and investment. The outlook for ...