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Sep 18, 2013

Bank of England backs away from more stimulus as economy picks up

LONDON (Reuters) – The Bank of England moved further away from adding more stimulus to Britain’s economy this month and seemed less concerned by rising market borrowing costs, minutes of its latest policy meeting showed on Wednesday.

The two current policymakers who in previous months had seen a compelling case for more asset purchases to stimulate activity retreated from this position at the September meeting following signs of strengthening economic growth.

Sep 17, 2013

Slower inflation eases pressure over rates pledge

LONDON (Reuters) – British inflation slowed in August and there were signs it could ease further, welcome news for the Bank of England which is planning to keep interest rates at a record low to steer the economy back to health.

Consumer price inflation stood at an annual 2.7 percent versus 2.8 percent in July, the Office for National Statistics said on Tuesday, its second consecutive fall and in line with forecasts by economists.

Sep 13, 2013

UK property surveyors urge BoE to cap house price growth

LONDON (Reuters) – British property surveyors called on the Bank of England to limit the rise in house price, joining a chorus of concern about the risk of a new boom-bust cycle in the country’s housing market.

The proposal by the Royal Institution of Chartered Surveyors – an unusual one from an industry group that typically benefits from rising prices – is for the central bank to take measures to slow mortgage lending if house price growth exceeds 5 percent a year.

Sep 13, 2013

UK property surveyors urge Bank of England to cap house price growth

LONDON, Sept 13 (Reuters) – British property surveyors
called on the Bank of England to limit the rise in house price,
joining a chorus of concern about the risk of a new boom-bust
cycle in the country’s housing market.

The proposal by the Royal Institution of Chartered Surveyors
- an unusual one from an industry group that typically benefits
from rising prices – is for the central bank to take measures to
slow mortgage lending if house price growth exceeds 5 percent a
year.

Sep 12, 2013

Pound at 7-month high, Bank of England fails to alter rate view

LONDON, Sept 12 (Reuters) – Sterling hit a seven-month high
against the dollar on Thursday after the Bank of England’s chief
failed to dent market expectations that interest rates will rise
sooner than the central bank has flagged.

UK bond, or gilt, yields dipped, in line with German Bunds,
but short-dated rates continued to suggest the market is pricing
in the risk of a rate rise as early as late 2014, following a
string of recent firmer British data.

Sep 12, 2013

Sterling near highs as BoE fails to dent market rate expectations

LONDON (Reuters) – Sterling hovered close to a seven-month high against the dollar on Thursday after the Bank of England’s chief failed to dent market expectations that interest rates will rise sooner than the central bank has flagged.

UK bond, or gilt, yields dipped, in line with German Bunds, but short-dated rates continued to suggest the market is pricing in the risk of a rate rise as early as late 2014, following a string of recent firmer British data.

Sep 10, 2013

Plastic pounds? Bank of England seeks views on ditching paper notes

LONDON, Sept 10 (Reuters) – The Bank of England is moving
closer to ditching paper pounds and following Australia and
Canada into switching to plastic banknotes instead.

The central bank said on Tuesday it would ask the public its
opinion before taking a decision in December on whether to adopt
polymer pounds that also would be smaller than current notes.

Sep 6, 2013

Carney winning over public, if not markets, with rate pledge

LONDON (Reuters) – Bank of England Governor Mark Carney appears to be winning over his target audience of the British public with his low interest rate pledge, if not financial markets.

A survey on Friday showed the number of people expecting interest rates to rise in the next year has fallen to its lowest since November 2008, even as traders increasingly bet that the economic recovery means rates could rise before the end of 2014.

Sep 6, 2013

Bank of England’s Carney winning over public, if not markets, with rate pledge

LONDON (Reuters) – Bank of England Governor Mark Carney appears to be winning over his target audience of the British public with his low interest rate pledge, if not financial markets.

A survey on Friday showed the number of people expecting interest rates to rise in the next year has fallen to its lowest since November 2008, even as traders increasingly bet that the economic recovery means rates could rise before the end of 2014.

Sep 6, 2013

BoE’s Carney winning over public, if not markets, with rate pledge

LONDON (Reuters) – Bank of England Governor Mark Carney appears to be winning over his target audience of the British public with his low interest rate pledge, if not financial markets.

A survey on Friday showed the number of people expecting interest rates to rise in the next year has fallen to its lowest since November 2008, even as traders increasingly bet that the economic recovery means rates could rise before the end of 2014.

    • 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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