Bank of England data showed a modest rise in monthly mortgage approvals, from 56,205 in September to 57,345 in October. The eye-catching figure, however, was a £0.6 billion fall in consumer credit. It means another fall in the total owed... [...]
The word nutter and Bank of England are only occasionally used in the same sentence. It was used soon after Bank independence in 1997 when Diane Abbott, the Labour MP, accused the governor, then Eddie George, of being an... [...]
The minutes of the Bank of England monetary policy committee's November meeting revealed a little bit of division on quantitative easing, seven members voting for a £25 billion increase to £200 billion, one (Spencer Dale) for no change and another... [...]
Life is full of mysteries. This week's is how to square the Bank of England's upbeat forecast for the economy a few days ago with governor Mervyn King's relentlessly downbeat tone in presenting it. Though the Bank is enough... [...]
Number of comments: 0 From The Times: The worst is over, says Bank of England Governor Better-than-expected unemployment figures and a rosier growth forecast from the Bank of England raised hopes yesterday that Britain was beginning to claw its way towards economic recovery. ... Mervyn King, Governor of the Bank, said Britain had [...]
Another month, another £25 billion in quantitative easing from the Bank of England. The latest addition to the Bank's asset purchases will take the total to a nice round £200 billion. The Bank seems to be winding down this... [...]
Number of comments: 0 From The Telegraph: Bank of England says financiers are fuelling an economic 'doom loop' On the eve of the G20 meeting of finance ministers in Scotland, Andy Haldane, the Bank's executive director for financial stability warned that the relationship between the state and banks represents a "doom loop" which [...]
To QE or not to QE? It is the big question for the Bank of Englands monetary policy committee (MPC) this week, and it is a big question for the economy. After those unexpectedly weak gross domestic product figures... [...]
Following its latest quarterly gathering on 20th October, the Shadow Monetary Policy Committee (SMPC) voted by eight votes to one to leave Bank Rate at ½% when the Bank of Englands rate setters next meet on 5th November. The dissenting... [...]
