Tag Archives: bank of england

BoE August Monetary Policy Report The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 3 August 2022, the MPC voted by a majority of 8–1 to increase Bank Rate by 0.5 percentage points, to 1.75%. One …

BOE Feb Minutes: MPC Sees Inflation Peaking Around 7.25% in April, Vs 5% Previously

The Bank of England was one of the first of its developed market peers to raise interest rates in December. Money markets now expect the central bank to raise rates by 100 bps this year. MPC expected to raise rates for second straight month Bailey set to acknowledge squeeze on household finances BoE likely to signal further hikes ahead Currency markets didn’t pay attention to the latest developments in the political crisis in Britain over lockdown parties at Downing Street. Six Conservative MPs now say they want a vote of confidence in Prime Minister Boris Johnson’s leadership on Wednesday. …

BOE’S BAILEY SAYS NEED TO KEEP IN MIND INFLATION PRESSURE FROM LABOUR MARKET, THIS INFLUENCED MY THINKING ON DEC RATE RISE BOE’S BAILEY: SOME PARTS OF INFLATION SHOULD BE TRANSITORY BOE’S BAILEY SAYS WE DON’T KNOW IF PEOPLE WILL COME BACK TO LABOUR MARKET OR RETIRE EARLY BOE’S BAILEY SAYS TOTAL LABOUR FORCE IS PROBABLY SMALLER THAN WE ANTICIPATED, CANNOT …