No time to be boring for BoE’s King

October 22, 2008

mervynking.jpgBank of England Governor Mervyn King has made his first public speech since the emergency bank recapitalisation programme and several newspapers commented on the change in demeanour of a man who once said his ambition as a central banker was to be boring.

Is the rates decision a good move?

September 4, 2008

Bank of England policymakers have held rates steady at 5 percent for a fifth month running.

Where is the economy headed?

August 22, 2008

bank.jpgBritain’s second-quarter GDP growth was precisely zero, reflecting the country’s weakest performance since the recession of the early 1990s.

Has the Bank been too cautious?

August 7, 2008

rtx71g6.jpgBattling with the twin evils of soaring inflation and weaker growth, the Bank of England has kept interest rates at 5 percent for the fourth month running.

Tuesday’s headlines

April 22, 2008

mail-pic.jpgHere is a round-up of Tuesday’s headlines:

DAILY MAIL: Father of Four Taken to Court and Fined…Because he Overfilled his Wheelie-Bin by Just Four Inches

Media’s take on bank bailout

April 22, 2008

Bank of EnglandThe Bank of England’s 50 billion pound credit swap for banks hit by the global credit crunch leaves a “sour taste ” for the Daily Mail, which accepts it is a necessary evil.

Interest rate cut too little, too late?

April 10, 2008

houses2.jpgThursday’s cut in interest rates should come as some relief to hard-pressed borrowers, under the cosh from the credit squeeze which has seen lenders raise their rates, cut maximum loan-to-values and tighten lending criteria. Those on tracker rates – that mirror movements in the base rate – will, of course, see a reduction in the amount of interest they pay. Others, though, are at the mercy of their lenders.