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Showing 1 - 10 of 29 results for "BOE Governor"

Chief economist update: NIRP embedded in BOE forecasts

BENJAMIN ONG  |  FRIDAY, 5 FEB 2021
... £895 billion - at its first Monetary Policy Committee meeting on February 4. It was hoping for the best outcome. In BOE governor Andrew Bailey's words: "The monetary policy committee's central forecast assumes that Covid-related restrictions ...

Chief economist update: We're not there yet

BENJAMIN ONG  |  FRIDAY, 13 NOV 2020
... households face very high levels of uncertainty, leading to higher precautionary saving and deferred investment." BOE governor Andrew Bailey also acknowledged the uncertainty surrounding the UK central bank's forecasts and therefore, the appropriateness ...

Chief economist update: Annus horribilis with a vengeance

BENJAMIN ONG  |  FRIDAY, 8 MAY 2020
... Britain would experience its worst recession in 300 years. Brexit was a stroll on Hyde Park compared with COVID-19. Ex-BOE governor Mark Carney must be thanking his lucky stars he only had to deal with the GFC and Grexit and Brexit. Andrew Bailey, who ...

Chief economist update: UK is now Bailey's baby

BENJAMIN ONG  |  TUESDAY, 11 FEB 2020
... 1.25% at the end of 2020. Then again, Carney's job was made difficult by Grexit (just before he was appointed BOE Governor), then Brexit, then US-China trade war, among others... and now, the coronavirus scare. In spite of these, Sterling's effective ...

Chief economist update: BOE flips tightening bias to easing

BENJAMIN ONG  |  MONDAY, 8 JUL 2019
... tightening bias. In his speech at the Local Government Association Annual Conference and Exhibition in Bournemouth, BOE governor Mark Carney declared that: "For now, a global trade war and a No Deal Brexit remain growing possibilities not certainties. ...

Chief economist update: BOE going the wrong way?

BENJAMIN ONG  |  TUESDAY, 11 JUN 2019
... small rise in rates would be prudent to nip any inflationary risks in the bud" and, more importantly, consistent with BOE governor Mark Carney's statement that, "were the economy to develop broadly in line with its Inflation Report projections, an ...

Chief economist update: Hoping for the best, preparing for the worst of Brexit

BENJAMIN ONG  |  THURSDAY, 4 APR 2019
... impasse, Brexit's future remains uncertain as to whether the UK will leave the EU with a deal or none. Just ask BOE governor Mark Carney. In an interview with Sky News, Carney said: "The Government... is against no deal, the European Union is against ...

Chief economist update: BOE waiting on Brexit

BENJAMIN ONG  |  FRIDAY, 2 NOV 2018
... (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 have perfect certainty" before acting ...

The BOE's got no problem

BENJAMIN ONG  |  THURSDAY, 23 AUG 2018
... 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 certainty," before ...

Chief economist update: Do nothing RBA

BENJAMIN ONG  |  TUESDAY, 7 AUG 2018
... Still, the US Federal Reserve and the Bank of England went ahead and raised interest rates, highlighting the truism of BOE Governor Mark Carney's words: "The mistake is to always wait, wait, wait until you have perfect certainty." Then again, the ...
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