Key to UK interest rate hike, pay data, still a muddle

July 8, 2014

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Bank of England rate setters meeting this week should be in cordial agreement that Britain’s economy is growing at a decent pace, and that price pressures look mostly in check at the moment.

Bank of England Minutes give rate debate another twist

June 19, 2014

 

carney.jpgSpeculation about when the Bank of England hikes interest rates took a new twist on Wednesday after minutes from the June policy meeting struck a less hawkish tone than the Governor did in a speech late last week.

Of Iraq and Ukraine

By Mike Peacock
June 18, 2014

Barack Obama’s message that any military support for Iraq’s besieged government is contingent on Prime Minister Nuri al-Maliki taking steps to broaden his Shi’ite-dominated government may be having an impact.

Weak UK inflation casts doubt on interest rate hike this year

June 17, 2014

 

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Bank of England Governor Mark Carney shocked markets last week, saying interest rates could rise sooner than expected.

UK rate rise this year? Possible, but not certain yet

June 13, 2014

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“It could happen sooner than markets currently expect.”

That was the bomb of a headline Bank of England Mark Carney dropped in a speech on Thursday that suggested a significant change in tone at the bank.

The Mark and George show

By Mike Peacock
June 12, 2014

The Mansion House dinner in the City of London is one of Britain’s big set-pieces of the year featuring speeches by Bank of England Governor Mark Carney and finance minister George Osborne.

Elusive China gas deal

By Mike Peacock
May 21, 2014

Vladimir Putin is well into his second and final day of a trip to China during which he was hoping to sign a long-sought gas deal with Beijing. There’s no sign of white smoke so far and if the Russian president leaves empty handed it would be a serious blow.

Why EU elections can matter

By Mike Peacock
May 19, 2014

Some interesting action over the weekend: in a foretaste of this week’s EU elections, Greece’s leftist, anti-bailout Syriza party performed strongly in the first round of local elections on Sunday, capitalizing on voter anger at ongoing government austerity policies.

Bank of England sticks to its view and analysts, some defiantly, stick to theirs

May 14, 2014

Bank of England governor Mark Carney gestures during the bank's quarterly inflation report news conference at the Bank of England in LondonMark Carney has delivered what is probably the clearest message on the trajectory of interest rates from the Bank of England for a very long time.

Smoke signals from the Bank of England

By Mike Peacock
May 14, 2014

Given the silence that attends Bank of England policy meetings which result in no change of course, today’s quarterly inflation report is the main chance to hear the latest thinking. Governor Mark Carney will talk to the media for an hour or so after its release.