Bank of England Governor Andrew Bailey said Tuesday that bets by investors on interest rate cuts this year were "not unreasonable," but resisted giving a timeline. The Bank of England is likely to hold interest rates higher for longer before slashing them more sharply than...
LONDON — The Bank of England on Thursday held interest rates steady at 5.25%, but hinted at cuts on the horizon as inflation falls faster than expected. The Monetary Policy Committee voted 8-1 to keep rates steady, with one member voting to cut by 25 basis points to 5%. Notably, no ...
As part of that announcement, the Bank of England will state its views on the economy and provide new estimates for inflation and GDP. In June of this year, the rate of inflation in the United Kingdom fell more than expected to 7.9%. However, despite the data slowing, it still ...
The survey, conducted by the Reuters news agency, showed the vast majority expected theBank of Englandto cutinterest ratesat their August meeting. Money blog: Fans fume at 'disgusting' prices to see star If the prediction proves to be correct, borrowing will become cheaper as the central ...
The Bank of England built a Twitter tool to predict bank runs but it screwed up for a really weird reasonOscar WilliamsGrut
While inflation has gradually been coming down from its peak of 11.1% last October, the rate of price rises - which was6.8% in the year to July- remains high. When asked about inflation, the governor told MPs: "Many of the indicators are now moving as we would expect them to ...
This article introduces a new source of survey data, namely the Bank of England Survey of External Forecasters. The survey collects point and density forecasts of inflation and GDP growth and, hence, offers the opportunity of constructing direct measures of uncertainty. We present a simple statisti...
(2008a). Uncertainty and disagreement in economic prediction: the Bank of England Survey of External Forecasters. Economic Journal, 118, 1107-1127.G. Boero, J. Smith, and K. F. Wallis. Uncertainty and disagreement in economic prediction: the bank of england survey of external forecasters. ...
Furthermore, from a monetary policy perspective there is nothing the central bank – in the case of the UK theBank of England– can do about a negative supply other than making sure that the nominal interest rate is equal to the natural interest rate. ...
The views expressed in this paper are those of the authors and do not reflect those of the Bank of England or the European Central Bank. We particularly thank Jan Hannes Lang and colleagues for sharing one of the datasets used in this paper. We are also grateful to David Aikman, Charles ...