Euro zone manufacturing PMI falls one point to 50.8 in August, lowest in over a year, below the Reuters median of 51.3
LONDON, Aug 20 (Reuters) – Bank of England policymakers have
started to discuss how to end crisis-era measures which pegged
overnight money market rates to the central bank’s official
interest rate, the BoE said on Wednesday.
The news of high-level discussions about reforms to the
central bank’s money market operations – crucial to the way it
implements monetary policy – came in policy minutes which also
showed that two BoE officials broke ranks to vote for higher
interest rates this month.
LONDON (Reuters) – Bank of England policymakers have broken ranks over interest rates for the first time in three years, with two of them unexpectedly voting to tighten policy, in a move that revives speculation about a 2014 rate hike.
Martin Weale and Ian McCafferty – external members of the BoE’s nine-member Monetary Policy Committee – voted to raise interest rates to 0.75 percent from 0.5 percent, according to minutes of the MPC’s Aug. 6-7 meeting released on Wednesday.
RBS only forecaster in a Reuters poll to correctly predict two MPC members voted for a hike in Bank Rate at August meeting
LONDON (Reuters) – British inflation eased more than expected in July and the pace of house price growth slowed in June, according to data that underscored the Bank of England’s message that it is in no rush to hike interest rates.
Consumer prices rose 1.6 percent on the year in July, the Office for National Statistics said on Tuesday, down from a five-month high of 1.9 percent in June.
LONDON (Reuters) – Flashes of illumination rather than fireworks are expected at this week’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming.
Few predict anything so momentous as the speech by Federal Reserve chairman Ben Bernanke two years ago that paved the way for an unprecedented $85 billion per month stimulus plan.