A Very British Budget

By Mike Peacock
March 21, 2012

Today we get the what could possibly be the most pre-spun British budget ever, though don’t rule out the traditional “rabbit from the hat” surprise so beloved of British finance ministers.

There be feudin’ at the BoE

February 28, 2012

The once-good relationship between Bank of England Governor Mervyn King and his most likely successor, Deputy Governor Paul Tucker, is coming  under increasing strain, according to a new book by former Daily Telegraph journalist Dan Conaghan.  It  alleges   King’s management style and and alleged disdain for the financial markets is to blame.

from Amplifications:

The ECB’s battle against central banking

By J. Bradford DeLong
October 31, 2011

By J. Bradford DeLong
The opinions expressed are his own.

When the European Central Bank announced its program of government-bond purchases, it let financial markets know that it thoroughly disliked the idea, was not fully committed to it, and would reverse the policy as soon as it could. Indeed, the ECB proclaimed its belief that the stabilization of government-bond prices brought about by such purchases would be only temporary.

BoE rate decision has echoes of Jan 2007

March 10, 2011

By Sumanta Dey in Bangalore Mervyn King

The BoE is expected to keep rates on hold at its monthly meeting today. Sixty-two out of 63 economists polled by Reuters expect such an outcome. Statistically speaking, that is more than a fair majority. But are we in for another upset like the one more than four years back? At that time, Simon Ward of Henderson Global Investors was the only economist correctly calling a rate hike.

Broadbent’s BoE appointment keeps hawks in health

March 7, 2011

BRITAIN-BOE/Ben Broadbent’s appointment to the Monetary Policy Committee ought to dispel any notions that the Bank of England would be left short of hawks after the departure of Andrew Sentance.

The perils of predicting BoE policy

February 8, 2011

BRITAIN/As we’ve noted extensively, economists often get it wrong. Leaving aside their collective failure to recognise an impending global recession, you might recall a shock interest rate hike from the Bank of England in January 2007.

Japan the rule, not the exception

August 18, 2010

Japan may well have looked like the odd-one-out after Monday’s news its economy grew 0.1 percent over the second quarter – about the feeblest expansion possible.

How uncertain exactly is the uncertain BoE?

August 11, 2010

king-inflation.jpgFor a central bank that looks certain to bust its 2 percent inflation target for most of the time between now and the London 2012 Olympics, there is still a lot of uncertainty out there.

Slowing growth, MPC splits? That’s so 2008

July 21, 2010

Sixties nostalgia was all the rage in the late 90s, and towards the end of the last decade we looked back only 20 years or so for a massive 80s revival in electronic pop and fashion.

Rip-off Britain in effect

July 13, 2010

While most of the developed world frets about deflation, in Britain, inflation just won’t quit.