For centuries the Bank of England has been the cornerstone of the UK with a strong international influence. The so-called “Old Lady of Threadneedle Street”, situated in the heart of the City of London, continues to lead markets on indicators such as GDP, inflation, interest rates and much more. However, in light of Mark Carney’s …
Bank of England forecasts: Helpful or misleading? Read More »
The latest Bank of England MPC meeting minutes appear very similar to last month’s, at least on the surface. There was a unanimous vote to leave interest rates unchanged. The quantitative easing asset purchase programme is still being maintained at £875 billion. However, there are signs of a change in direction within the committee. Deputy …
Bank of England stuck between a rock and a hard place Read More »
At first glance, the UK mortgage market has had a very active period over the last couple of weeks. We have seen a raft of headline-grabbing rates, some dipping below 1%, which has prompted competition amongst the leading lenders. However, only after digging a little deeper will you find things aren’t as competitive as they …
Over the last few days, we have seen several economists waxing lyrical about prospects for the UK economy in the short to medium-term. While many people are reluctant to get “carried away” until the Bank of England joins the party, last week’s MPC minutes demonstrate an encouraging improvement in confidence. Prospects for the UK economy …
In a rare demonstration of togetherness, the Bank of England MPC meeting of 17 March 2021 saw a unanimous vote favouring maintaining the current monetary policy. This steady as she goes approach to monetary policy comes ahead of the May MPC meeting, which will see a raft of new economic forecasts considered. Currently, the MPC …
