As expected, the Bank of England left interest rates on hold at its November quarterly meeting. Three members were still calling for rate hikes of a ¼ of one per cent even though the Bank of England lowered its forecast for GDP growth in 2024 from half a per cent to zero and its forecast …
Watch out for the deflationary impact of a tight monetary stance
Some of the policies announced by the Bank of England at its last meeting (21 September 2023) are flying under the financial markets radar. Although attention was rightly focused on the Bank of England’s decision to leave interest rates on hold at 5.25% – the first hold in 14 meetings –another announcement at the meeting …
Continue reading “Watch out for the deflationary impact of a tight monetary stance”
Bank of England in the news – its arguments do not stack up
In recent weeks Bank of England officials have made comments which have garnered lots of attention. I want to focus on four of those because they show different aspects of the Bank of England’s views that economists usually debate without much public fanfare. But since they have gone public, it’s worth discussing them in this …
Continue reading “Bank of England in the news – its arguments do not stack up”