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👤Xinyang
🕔November 3, 2016
News Event
From Trading Economics: The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Rate at a record low of 0.25 percent and to leave the stock of purchased assets at £435 billion on November 3rd, 2016, in order to meet the 2 percent inflation target, in a way that helps to sustain growth and employment.…
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BOE’s Shafik Forecasts Slower Growth in the UK Economy
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👤Lisa Harris
🕔September 28, 2016
Minouche Shafik, the Bank of England Deputy Governor stated that she anticipates further stimulus into the UK economy from the central bank “at some point”, as it moves to recover from the effects of Britain’s vote to exit the Eurozone.…
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👤Lisa Harris
🕔September 15, 2016
The GBP today remained above $1.32 as the Bank of England’s announcement concerning interest rates and monetary policy outlook was mostly in conformity with their anticipations, this led some investors to cut down on trades placed against the currency. The chances of a rate cut by the BoE later this year has also grown after comments made by the BoE, “it said the initial Brexit hit to Britain’s economy would be less severe than it expected only last month.…
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👤Nurudeen Amedu
🕔August 6, 2016
- Will Banks benefit from the scheme?
- The BOE move to save banks
A former rates setter on Friday stated that, “the new term funding scheme recently unveiled by the Bank of England will not hold as a continuously weak demand for loans persists with banks remaining under-capitalized”.…
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Market Reels from BOE Stimulus
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👤Nurudeen Amedu
🕔August 5, 2016
The pound turned sharply lower Thursday after the Bank of England cut interest rates for the first time in seven years and announced a fresh round of stimulus measures intended to mitigate the effect of the U.K’s decision to leave the European Union.…
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👤Nurudeen Amedu
🕔August 3, 2016
- NIESR have disturbing revelations for the future of the UK economy
- Brexit strikes again
According to figures released today, activity in the UK manufacturing sector experienced a major slump in in July. The CIPS/Markit UK manufacturing PMI fell by 8% from its July value of 52.4, as it reportedly came in at 48.2, the results have currently raised the pressure currently mounted on the Bank of England to cut interest rates in their meeting on Thursday.…
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