Economics Correspondent
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Jun 23, 2011

New risk watchdog unveils first report

LONDON (Reuters) – Britain’s new systemic risk watchdog will publish its first set of recommendations on Friday in the face of growing uncertainties over how Greece’s debt crisis will evolve.

The Financial Policy Committee held its first formal meeting last week and will publish its findings at 0930 GMT. The new watchdog is housed at the Bank of England and will aim to give a helicopter view of risks across the financial system — a key lesson from the financial crisis.

Jun 23, 2011

Britain’s new risk watchdog unveils first report

LONDON, June 24 (Reuters) – Britain’s new systemic risk
watchdog will publish its first set of recommendations on Friday
in the face of growing uncertainties over how Greece’s debt
crisis will evolve.

The Financial Policy Committee held its first formal meeting
last week and will publish its findings at 0930 GMT. The new
watchdog is housed at the Bank of England and will aim to give a
helicopter view of risks across the financial system — a key
lesson from the financial crisis.

Jun 22, 2011

Gilt yields hit 2011 lows after dovish BoE minutes

LONDON, June 22 (Reuters) – Gilt yields tumbled to 2011 lows
along much of the curve on Wednesday after minutes from the Bank
of England’s June policy meeting supported bets that interest
rates might not rise for another year.

The minutes showed growing concern on the Monetary Policy
Committee that Britain’s soft patch would continue and some
members thought it possible that more quantitative easing may be
needed.

Jun 22, 2011

Gilt yields hit 2011 lows as rate rise bets recede

LONDON, June 22 (Reuters) – Gilt yields tumbled to 2011 lows
along much of the curve on Wednesday after minutes from the Bank
of England’s June policy meeting fuelled bets that interest
rates might not rise for another year.

The minutes showed growing concern on the Monetary Policy
Committee that Britain’s soft patch would continue and some
thought it possible than more quantitative easing may be needed.

Jun 15, 2011

Bank warns EU against softening bank regulation

LONDON (Reuters) – Bank of England Governor Mervyn King warned the European Union against watering down global bank capital rules on Wednesday, and said Britain should be free to regulate its banks as it sees fit.

In an address to the City of London’s financial elite, he dismissed suggestions that the central bank’s’ new risk regulator would simply implement EU recommendations and suggested it could take a tougher line.

Jun 15, 2011

Analysis – Regulatory clout won’t ease Bank credibility doubts

LONDON (Reuters) – New regulatory powers look set to give the Bank of England more clout than any other major central bank, but concerns are growing that it has bitten off more than it can chew.

The central bank is already struggling to fulfil its price stability mandate — inflation is more than double its 2 percent target and still rising — so it may seem an odd time to be expanding its responsibilities.

Jun 15, 2011

Regulatory clout won’t ease credibility doubts

LONDON, June 15 (Reuters) – New regulatory powers look set
to give the Bank of England more clout than any other major
central bank, but concerns are growing that it has bitten off
more than it can chew.

Britain’s central bank is already struggling to fulfil its
price stability mandate — inflation is more than double its 2
percent target and still rising — so it may seem an odd time to
be expanding its responsibilities.

Jun 14, 2011

Inflation at 2-1/2 year high, unlikely to move Bank

LONDON (Reuters) – Inflation held at a 2-1/2 year high in May as rising food prices balanced a drop in travel costs, providing little comfort for the Bank of England which expects inflation to hit 5 percent later this year.

The Office for National Statistics said consumer prices rose 0.2 percent last month, keeping the annual inflation rate at 4.5 percent, as forecast.

Jun 14, 2011

Inflation at 2.5 year high, but unlikely to move Bank

LONDON (Reuters) – Inflation held at a 2-1/2 year high in May as rising food prices balanced a drop in travel costs, providing little comfort for the Bank of England which expects inflation to hit 5 percent later this year.

The Office for National Statistics said consumer prices rose 0.2 percent last month, keeping the annual inflation rate at 4.5 percent, as forecast.

Jun 14, 2011

UK inflation at 2-1/2 year high, unlikely to move BoE

LONDON, June 14 (Reuters) – Inflation in Britain held at a
2-1/2 year high in May as rising food prices balanced a drop in
travel costs, providing little comfort for the Bank of England
which expects inflation to hit 5 percent later this year.

The Office for National Statistics said consumer prices rose
0.2 percent last month, keeping the annual inflation rate at 4.5
percent, as forecast.

    • About Christina

      "Christina Fincher is an economics correspondent based in London. She joined Reuters 12 years ago and has spent much of that time covering financial markets -- foreign exchange, fixed income and credit. Prior to that she worked as a translator for FT Information, where she worked with both French and Italian."
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