inflationary pressures in the economy. It plans to monitor the labor market, wage growth, and hike in service prices. The MPC added that there may be further tightening in monetary policy if the inflationary pressures continue. Hence, the UK could continue to record consecutive interest rate ...
Today's interest rate rise could be the last. The pace of rises is slowing and inflation is now predicted to fall faster than expected, in part as a result of the government's help for energy bills. The Bank repeated language that further rises would be required "if there were evidence"...
In the consumption trap, the entire bank savings are needed to cover the banks' obligations and GDP is mini- mal. We present a positive analysis of conditions for interest-rate policies which resolve banking crises. Moreover, we provide an explanation of why banking crises such as the crisis...
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LONDON — The Bank of England on Thursday delivered its first interest rate cut in more than four years, taking the key rate to 5%. Policymakers ultimately voted 5-4 in favor of the reduction, with Governor Andrew Bailey saying that the committee would move ahead cautiously. The Bank rate ...
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Last week the BoE kept its main interest rate unchanged at 5% after cutting it from a 16-year high of 5.25% in August. Economists polled by Reuters expect the BoE to cut rates to 4.75% at its next meeting in November. Last week Bailey said he was optimistic rates w...
Interest rate decision brings 'little relief' to struggling families A pause on interest rates will bring "little relief" to struggling families, anti-poverty charity the Joseph Rowntree Foundaton has said. Chief economist Alfie Ster...
Not long ago, as prices rose at the fastest rate in decades, many in the City wondered whether the Bank might have lost control of inflation - which it is supposed to keep as close as possible to 2%. While the indicator's fall is partly down to the volatility of energy prices (...
Interest rate market risk faced by China’s commercial banks is increasing after the announcement that the interest rate marketisation is completed. This paper examines the Value-at-Risk, and statistical properties in the daily price return of Shanghai banks’ overnight offered rate. The study appl...