Bank of England to wait on bond buys; no bubble seen from mortgage plan
LONDON (Reuters) – A scheme partially to underwrite some UK mortgages with taxpayer money announced by Chancellor George Osborne last week will not trigger a new property market bubble in Britain, according to a Reuters poll.
The survey also found that the Bank of England’s Monetary Policy Committee, which has been split 6-3 in favour of keeping its £375 billion bond-purchase programme on hold for the past two months, will wait until at least May to fire it up again.
No bubble seen from Britain’s mortgage plan -Reuters poll
LONDON, March 27 (Reuters) – A scheme partially to
underwrite some UK mortgages with taxpayer money announced by
finance minister George Osborne last week will not trigger a new
property market bubble in Britain, according to a Reuters poll.
The survey also found that the Bank of England’s Monetary
Policy Committee, which has been split 6-3 in favour of keeping
its 375 billion bond-purchase programme on hold for the past two
months, will wait until at least May to fire it up again.
Rip-off Britain on the line
For all the talk about imported inflation in the UK as policymakers talk down the pound and financial markets merrily give it a good beating, here’s a stark reminder that a lot of British inflation remains home-grown.
British inflation has been so sticky over the past decade that regular Bank of England pronouncements that it will come back down from wherever it is to the 2 percent target at the 2-year horizon has become something of a policy piñata in financial markets. And there is rampant speculation the government will soon modify that inflation target.
Resurgent euro set to take a breather
LONDON, Feb 6 (Reuters) – A rejuvenated euro is marching
higher but leading foreign exchange forecasters, who have tended
to be conservative with their predictions in recent years, are
saying in the latest Reuters poll it won’t last.
A month after completely failing to foresee the sudden three
percent rally in the single currency coinciding with surging
stock markets around the globe, 64 strategists polled by Reuters
Feb 4-6 are forecasting calmer times.
Allocation to herd: 100 percent
They’re bleating and buying. And you had better not let them run you over.
The latest Reuters surveys of global asset managers confirm what we’ve all been watching over the past month: a mad rush out of safe havens and into stock markets. There seems to be little else to report out of financial markets.
That stampede, particularly into U.S. shares by U.S. money managers, clocked the single biggest rise in equity allocations since at least 2007, before the financial crisis began, according to the latest Reuters poll data. The rush into global stocks by investment firms all over the world was the biggest in at least three years.
Bank of England should keep targeting inflation – Reuters poll
By Ross Finley
(Reuters) – Inflation targeting has served the Bank of England well and it should keep that as its main policy tool, despite the strategy’s role in fuelling a credit bubble that led to the financial crisis, a Reuters poll found.
The conclusion, based on a survey of economists taken this week, also comes despite inflation being persistently above the central bank’s 2.0 percent target for some years.
Bank of England should keep targeting inflation
By Ross Finley
(Reuters) – Inflation targeting has served the Bank of England well and it should keep that as its main policy tool, despite the strategy’s role in fuelling a credit bubble that led to the financial crisis, a Reuters poll found.
The conclusion, based on a survey of economists taken this week, also comes despite inflation being persistently above the central bank’s 2.0 percent target for some years.
British economy to limp through 2013 – Reuters poll
LONDON (Reuters) – Britain’s economy will barely grow in the current quarter and will expand only slightly more than 1 percent next year, half the expected rate of inflation, a Reuters poll showed on Thursday.
Rapidly-rising consumer prices, which are crimping spending power for Britons because they are going up faster than wages, also mean that the Bank of England has probably shelved its money-printing campaign at 375 billion pounds.
Poll – British economy to limp through 2013, no more QE
LONDON (Reuters) – Britain’s economy will barely grow in the current quarter and will expand only slightly more than 1 percent next year, half the expected rate of inflation, a Reuters poll showed on Thursday.
Rapidly-rising consumer prices, which are crimping spending power for Britons because they are going up faster than wages, also mean that the Bank of England has probably shelved its money-printing campaign at 375 billion pounds.
British economy to limp through 2013, no more QE
LONDON (Reuters) – Britain’s economy will barely grow in the current quarter and will expand only slightly more than 1 percent next year, half the expected rate of inflation, a Reuters poll showed on Thursday.
Rapidly-rising consumer prices, which are crimping spending power for Britons because they are going up faster than wages, also mean that the Bank of England has probably shelved its money-printing campaign at 375 billion pounds ($594 billion).
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