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Showing 1 - 10 of 100+ results for "Bank of England"

Chief economist update: UK not there yet

BENJAMIN ONG  |  FRIDAY, 25 JUN 2021
Financial markets widely expected the Bank of England's (BOE) decision to keep current monetary policy settings unchanged at its June monetary policy committee meeting. "The MPC voted unanimously to maintain Bank Rate at 0.1%... and to maintain ...

Chief economist update: The UK's going OK

BENJAMIN ONG  |  MONDAY, 31 MAY 2021
The country hasn't fully opened yet but easing restrictions, increased rate of vaccinations and stronger consumer and business spending combined to speed up the UK's recovery. This is underscored by the latest IHS Markit/CIPS PMI survey. Preliminary ...

Chief economist update: Did the BOE just announce taper?

BENJAMIN ONG  |  FRIDAY, 7 MAY 2021
This month the Bank of England's (BOE) monetary policy committee decided to keep the existing stance of monetary policy unchanged; the Bank Rate remains at a record low 0.1% and QE at £895 billion. But buried in the "Monetary Policy Summary and ...

Chief economist update: BOJ has no plans to ease easing

BENJAMIN ONG  |  TUESDAY, 30 MAR 2021
... in-line with unchanged policy decisions by its peers - the Federal Reserve, the European Central Bank and the Bank of England - in the same month. Besides, the BOJ was waxing optimistic over the outlook for the Japanese economy. "Japan's economy ...

Chief economist update: BOE not letting its guard down

BENJAMIN ONG  |  TUESDAY, 23 MAR 2021
... appropriate. The MPC voted unanimously to maintain Bank Rate at 0.1%. The Committee voted unanimously for the Bank of England to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central ...

Chief economist update: NIRP embedded in BOE forecasts

BENJAMIN ONG  |  FRIDAY, 5 FEB 2021
The Bank of England (BOE) gave financial markets what they wanted and kept monetary policy settings unchanged - the bank rate at a record low 0.1% and QE at £895 billion - at its first Monetary Policy Committee meeting on February 4. It was hoping ...

Chief economist update: COVID with a vengeance

BENJAMIN ONG  |  WEDNESDAY, 13 JAN 2021
... retail shops, restaurants and tourism businesses from the re-enforced lockdown. The fiscal stimulus gives the Bank of England (BOE) some breathing room to assess the recent developments before its scheduled meeting on the February 4. At its December ...

Chief economist update: We're not there yet

BENJAMIN ONG  |  FRIDAY, 13 NOV 2020
"Curb your enthusiasm" was the overriding message from the world's top three central bankers at the annual ECB Forum on Central Banking 2020, held online on November 11-12. The head honchos of the US Federal Reserve, European Central Bank and the ...

Chief economist update: More money for reimposed lockdown

BENJAMIN ONG  |  FRIDAY, 6 NOV 2020
... came into play. Renewed lockdown measures in England - starting November 5 - have prompted the government and the Bank of England (BOE) into action. UK Chancellor of the Exchequer Rishi Sunak announced the extension of the government's furlough scheme ...

Chief economist update: The UK's new plan... after two plans

BENJAMIN ONG  |  FRIDAY, 23 OCT 2020
... this year, that was itself followed by the "Winter Economic Plan" declared in late September. For its part, the Bank of England (BOE) has left the monetary policy door open for negative interest rates and more QE. The UK might be able to contain the ...
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