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Sep 5, 2013

BoE holds fire, investors bet on earlier rate hike

LONDON (Reuters) – The Bank of England left monetary policy unchanged on Thursday but made no new attempt to talk down borrowing costs in financial markets, prompting investors to add to bets it will raise interest rates sooner than it has suggested.

The central bank opted not to repeat its warning of July – made a few days after Mark Carney took over as governor – that investors were getting ahead of themselves.

Sep 5, 2013

Bank of England holds fire, investors bet on earlier rate hike

LONDON (Reuters) – The Bank of England left monetary policy unchanged on Thursday but made no new attempt to talk down borrowing costs in financial markets, prompting investors to add to bets it will raise interest rates sooner than it has suggested.

The central bank opted not to repeat its warning of July – made a few days after Mark Carney took over as governor – that investors were getting ahead of themselves.

Aug 30, 2013

Britain’s recovery gathers pace

LONDON (Reuters) – A surge in mortgage approvals, a rise in house prices and higher consumer confidence and business lending added to signs of momentum in Britain’s economic recovery on Friday.

Bank of England Governor Mark Carney said he was ready for the challenge of heading off any risk of a credit bubble, but stuck to his commitment to keep interest rates at rock bottom for years to come.

Aug 30, 2013

Britain’s recovery gathers pace, Carney acknowledges credit risks

LONDON, Aug 30 (Reuters) – A surge in mortgage approvals, a
rise in house prices and higher consumer confidence and business
lending added to signs of momentum in Britain’s economic
recovery on Friday.

Bank of England Governor Mark Carney said he was ready for
the challenge of heading off any risk of a credit bubble, but
stuck to his commitment to keep interest rates at rock bottom
for years to come.

Aug 21, 2013

Bank of England’s Weale says more QE could still be needed – paper

LONDON (Reuters) – A smooth economic recovery is not yet assured and the Bank of England has not ruled out fresh stimulus measures, one of the central bank’s top policymakers said on Wednesday.

Martin Weale told the Telegraph newspaper he could “certainly envisage circumstances in which it would be sensible to undertake further asset purchases” in addition to the bank’s recent move to give forward guidance on interest rates.

Aug 21, 2013

Lower UK borrowing still in sight despite surprise July deficit

LONDON (Reuters) – Britain’s public finances showed an unexpected deficit in July, although a recovering economy means the government still looks likely to meet its goal of reducing borrowing this fiscal year.

Public borrowing on the government’s preferred measure, which excludes some of the effects of bank bailouts, swung to a deficit of 62 million pounds ($97 million) from a surplus of 823 million in July 2012, the Office for National Statistics said on Wednesday.

Aug 15, 2013

Summer heat wave sets UK retail sales alight in July

LONDON, Aug 15 (Reuters) – British retail sales rose at
their fastest annual rate in over two years in July as a heat
wave boosted sales of barbecue food and outdoor items, adding to
signs that third-quarter growth has got off to a strong start.

Retail sales volumes jumped 1.1 percent on the month -
almost twice as fast as expected – to give an annual rise of 3.0
percent, the highest since January 2011, official data showed on
Thursday.

Aug 14, 2013

Bank of England dissent, robust jobs data raise low-rates doubts

LONDON (Reuters) – Unexpected dissent from a Bank of England policymaker and robust jobs data cast doubt on Wednesday on the new central bank governor’s flagship policy of keeping interest rates low, just a week after it was announced.

The BoE under Governor Mark Carney pledged to keep interest rates low until unemployment falls to 7 percent – which the bank forecasts will take three years – subject to certain safeguards including the inflation outlook staying in check.

Aug 14, 2013

BoE dissent, robust jobs data raise low-rates doubts

LONDON (Reuters) – Unexpected dissent from a Bank of England policymaker and robust jobs data cast doubt on Wednesday on the new central bank governor’s flagship policy of keeping interest rates low, just a week after it was announced.

The Bank under Governor Mark Carney pledged to keep interest rates low until unemployment falls to 7 percent – which the bank forecasts will take three years – subject to certain safeguards including the inflation outlook staying in check.

Aug 13, 2013

British inflation slows but property prices gallop higher

LONDON (Reuters) – Price rises in most parts of Britain’s economy are cooling but a red-hot property market is raising questions about whether the Bank of England will be able to keep rates low for as long as it would like.

Official data on Tuesday showed consumer price inflation slowed to 2.8 percent last month, moving closer to the central bank’s 2 percent target. However, house price inflation – which does not feed directly into the consumer price index – sped up.

    • 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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