News and Analysis of Decisions and Events from the Bank of England (the BoE) Monetary Policy Committee (the MPC)
The inflation situation faced by the Bank of England (BoE) is in one way potentially a sign of things to come for the European Central Bank (BoJ) and any other central banks presiding over monetary frameworks where the transmission of interest rate changes into the real economy is slower than it is in the UK.
June 23,2023
The Bank of England has had a "crossing the rubicon" moment and will hike interest rates by a further 100 basis points before the year is done says NatWest Markets.
June 22,2023
The Bank of England grasped the seriousness of the UK's inflationary pressures by opting to raise interest rates by 50 basis points, a move that Pound Sterling Live reported was a bare minimum if the Pound's recent gains were to be defended.
June 23,2023
The Canadian Dollar was mostly stronger in a resilient showing from the Loonie heading into the latter half of the week while Sterling was weaker in many parts ahead of a widely anticipated Bank of England (BoE) interest rate decision with the result being modest losses for GBP/CAD and uncertainty about the outlook.
June 22,2023
Pound Sterling was swamped with widespread losses as currency and interest rate markets responded to a further increase in one of the UK's most important measures of inflation barely more than a day out from the latest Bank of England (BoE) policy decision, leading to a wave of forecast changes among analysts and economists.
June 22,2023
Pound Sterling fell widely in the midweek trading session but its heaviest losses came in relation to the Krona after a new record for one measure of inflation appeared to stoke concerns about what might become of the UK economy as the Bank of England (BoE) effort to return inflation to the target continues from Thursday.
June 21,2023
The Pound to Dollar exchange rate soon gave back short-lived gains in midweek trade after the Office for National Statistics (ONS) suggested an inflation genie may be seeping out of a lantern in London with a May consumer price outcome that is unlikely to have been welcomed by the Bank of England (BoE).
June 21,2023
The Pound to Dollar exchange rate climbed from earlier lows in the final session of the week but its recovery could be limited if UK economic data encourages financial markets to maintain their sharply increased expectations for the Bank of England (BoE) Bank Rate.
May 26,2023
One of the UK's largest high street lenders says the recent rise in UK core inflation in April represents a "game-changer" moment for UK interest rates and the broader economic outlook.
May 25,2023
Pound Sterling exchange rates fell widely in midweek trade after UK inflation fell less than many forecasters expected for the recent month with possible implications for the Bank of England (BoE) interest rate outlook, though analysts and economists have a wide range of views on the outlook.
May 24,2023
The Bank of England is expected to hike interest rates on a further three occasions according to market-based expectations following the release of inflation data that was stronger than analysts were expecting.
May 24,2023
Bank of England Governor Bailey has delivered an upbeat speech in which he says inflation will fall sharply by year-end and that the economy is performing better than expected.
May 17,2023
The Bank of England (BoE) announced the most significant upgrade to its economic outlook for a quarter of a century this week but scope for further optimism about UK growth prospects is limited by residential mortgage costs that could soon swallow two-thirds of take-home pay for some borrowers.
May 12,2023
The British Pound rose sharply in an initial reaction to news the Bank of England has raised interest rates by a further 25 basis points and upgraded its GDP growth forecasts.
May 11,2023
The Pound to Euro exchange rate entered the new week trading back above 1.14 and may attempt to rise further in the days ahead but this Thursday's forecast update and interest rate decision from the Bank of England (BoE) are both wild card risks that could cut either way for Sterling.
May 9,2023
Risks stemming from next Thursday's Bank of England interest rate decision are to the downside for Pound Sterling.
May 8,2023
The resilience of the UK economy has taken many forecasters by surprise but risks keeping inflation higher than otherwise and over a protracted period of time, according to economists at Goldman Sachs, who say the Bank of England (BoE) is now likely to raise Bank Rate to 5% as a result.
May 2,2023
Bank of England (BoE) Chief Economist Huw Pill caused controversy this week when saying everybody must accept being poorer due to inflation but this wouldn't have been so if he also explained how inflation risks taking food directly from the plates of people in some of the world's very poorest countries.
April 28,2023
Bank of England (BoE) Chief Economist Huw Pill drew the ire of market pundits, media commentators and members of the public alike this week with the publication of controversial remarks suggesting Britons should just "accept that they're worse off," due to inflation, and below is the fanmail.
April 27,2023
Pound Sterling outperformed many other major currencies in the opening months of the year and remained buoyant through much of this week but there are two reasons why Bank of England (BoE) interest rate policy might now be an asymmetric risk on the downside for the months ahead.
April 27,2023
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