Polling Correspondent, London
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Feb 6, 2014

Bank of England holds fire ahead of guidance revamp

LONDON (Reuters) – The Bank of England kept its monetary policy unchanged on Thursday as it worked on a new plan to steer interest rate expectations after its previous one was overtaken by Britain’s strong economic recovery.

The BoE left its Bank rate at 0.5 percent, where it has stood since the depths of the financial crisis in early 2009.

Feb 6, 2014
Feb 6, 2014
Feb 6, 2014

BoE likely to hold fire, work on guidance revamp

LONDON (Reuters) – Bank of England officials are likely to use their meeting on Thursday to work out how to steer interest rate expectations now their previous plan has been overtaken by Britain’s strong economic recovery.

While this week’s meeting is not expected to result in any announcement, policymakers will be focussed on quarterly economic forecasts due next Wednesday, which will provide clues on how they will alter their “forward guidance” policy.

Feb 6, 2014

Bank of England likely to hold fire, work on guidance revamp

LONDON, Feb 6 (Reuters) – Bank of England officials are
likely to use their meeting on Thursday to work out how to steer
interest rate expectations now their previous plan has been
overtaken by Britain’s strong economic recovery.

While this week’s meeting is not expected to result in any
announcement, policymakers will be focussed on quarterly
economic forecasts due next Wednesday, which will provide clues
on how they will alter their “forward guidance” policy.

Feb 4, 2014

BP head Dudley warns of uncertainty from Scottish vote

LONDON (Reuters) – The boss of BP (BP.L: Quote, Profile, Research, Stock Buzz), Britain’s second biggest oil company, warned on Tuesday that Scottish independence could cause his company “uncertainties” and said he did not want to see Scotland drifting away.

Bob Dudley’s comments marked a rare foray into the debate on Scottish independence among heads of major British companies, who have so far sidestepped the issue.

Feb 4, 2014
Feb 3, 2014

Analysis – Like the Fed, Bank of England could go ‘dotty’ with forward guidance

LONDON (Reuters) – When it begins overhauling its “forward guidance” policy this month, the Bank of England may be tempted to look across the Atlantic for inspiration, perhaps even cloning one of the tools that has served the U.S. Federal Reserve well.

It could all be in the “dots” – a published matrix of where rate-setters think interest rates are heading. That, at least, is one of the things the Bank is expected to ponder.

Feb 3, 2014

Like the Fed, Bank of England could go ‘dotty’ with forward guidance

LONDON (Reuters) – When it begins overhauling its “forward guidance” policy this month, the Bank of England may be tempted to look across the Atlantic for inspiration, perhaps even cloning one of the tools that has served the U.S. Federal Reserve well.

It could all be in the “dots” – a published matrix of where rate-setters think interest rates are heading. That, at least, is one of the things the Bank is expected to ponder.

Feb 2, 2014

After rocky January, markets eye data and central banks

LONDON (Reuters) – This week will go a long way to determining whether the uncertainty hanging over the world economy and markets fades after a rocky January or lasts further into the year.

A raft of global business surveys, jobs data from the United States and central bank meetings in Europe should offer a clearer view on how well the global economy is faring at the start of 2014.

    • About Andy

      "Andy has worked for Thomson Reuters since 2007 and is Polling Correspondent based in Reuters' London Canary Wharf office. He was previously a subeditor on both Reuters' Economics and Equities desks."
      Hometown:
      Stockport
      Joined Reuters:
      2007
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