A dissenting voice

By Mike Peacock
July 23, 2014

A train carrying the remains of the victims of Malaysia Airlines MH17 arrives in Kharkiv

Interesting intervention from former Russian finance minister Alexei Kudrin late yesterday who warned that Russia risked isolation and having its efforts to modernize derailed.

Fed and BoE to markets: pay attention to pay

July 15, 2014

A bookie holds a wad of cash on the third day of the Cheltenham Festival horse racing meetingIt is more than a bit ironic that those paid the most to pay attention to incoming data aren’t paying enough attention to pay.

New EU takes shape

By Mike Peacock
July 15, 2014

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The new EU aristocracy will be put in place this week with the European Parliament to confirm Jean-Claude Juncker as the next European Commission President today and then EU leaders gathering for a summit on Wednesday at which they will work out who gets the other top jobs in Brussels.

Bank of England, the first mover?

By Mike Peacock
July 10, 2014

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After the European Central Bank kept alive the prospect of printing money and the U.S. economy enjoyed a bumper month of jobs hiring prompting some to bring forward their expectations for a first U.S. interest rate rise, the Bank of England holds a monthly policy meeting.

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.