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Search ResultsShowing 1 - 10 of 65 results for "Bank Rate"
Chief economist update: UK plans for jobs
BENJAMIN ONG  |  THURSDAY, 9 JUL 2020
... the pandemic so much so that the Bank of England (BOE) and the Exchequer remain on their toes. While the BOE kept the bank rate unchanged at a record low 0.1% at its latest meeting in June, it increased its GILT purchases by £100 billion - taking ...
Chief economist update: COVID-19 nightmare makes Brexit a dream
BENJAMIN ONG  |  THURSDAY, 18 JUN 2020
... Minister Boris Johnson, himself, became infected with the virus. The Bank of England went to work. After keeping the Bank Rate steady at 0.75% since 2018, it chopped 50 basis points to it in an emergency meeting in early March and by another 40 basis ...
Chief economist update: Annus horribilis with a vengeance
BENJAMIN ONG  |  FRIDAY, 8 MAY 2020
... 2020 would be it. While the Bank of England (BOE) to keep monetary policy settings unchanged at its May meeting - the Bank Rate at a record low 0.1% and purchases at £645 billion - it's also predicting that Britain would experience its worst ...
Chief economist update: Brexit - the news that was
BENJAMIN ONG  |  FRIDAY, 10 JAN 2020
... £60 billion (US$113 billion) of asset purchases. This is equivalent to around a 100 basis point reduction in the Bank Rate - currently at 0.75%.
Chief economist update: Global easing
BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
... faces a no-confidence vote. The Bank of England (BOE) despite earlier alluding to higher interest rates, has kept the Bank Rate on ice since it lifted it by 25 bps to 0.75% this time last year while at the same time maintaining "the stock of UK government ...
Chief economist update: The UK is not OK
BENJAMIN ONG  |  MONDAY, 12 AUG 2019
... continuing deterioration in the UK's economic fundamentals has ignited BOE rate cut speculations. But with the Bank Rate at 0.75% -- just 50 bps above its record low of 0.25% -- and QE still in place, it's not the liquidity and the cost of borrowing ...
Chief economist update: BOE lets peers do the heavy lifting
BENJAMIN ONG  |  FRIDAY, 21 JUN 2019
... for the United Kingdom's eventual trading relationship with the European Union and were conditioned on a path for Bank Rate that rose to around 1% by the end of the forecast period." In those projections, GDP growth was a little below potential during ...
Chief economist update: Hoping for the best, preparing for the worst of Brexit
BENJAMIN ONG  |  THURSDAY, 4 APR 2019
When its monetary policy committee met on 21 March and voted unanimously to keep the Bank Rate unchanged at 0.75 and maintain bond purchases at £435 billion, the Bank of England (BOE) declared its future actions would largely depend on Brexit. ...
Chief economist update: Breaking up is hard to do
BENJAMIN ONG  |  THURSDAY, 14 MAR 2019
... So much so, it allowed the BOE to raise interest rates twice since the Brexit referendum - a 25 bps increase in the Bank Rate from 0.25% to 0.5% in February 2017 and then another hike to 0.75% in August 2018. On the flipside, "Remainers" can point to ...
Why the RBA has reason to cut rates in 2019
BENJAMIN ONG  |  WEDNESDAY, 9 JAN 2019
... policies to revive its slowing economy. To these, let's include the domestic headlines. "NAB pushes out Reserve Bank rate hike forecast to 2020 from 2019" (Australian Financial Review) and "ANZ abandons its call for RBA rate hikes next year as the ...
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