Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
With inflation falling sharply in the US, the eurozone, and the UK, there is no longer a debate about whether the peak in interest rates has been reached. Instead, there is a consensus about rate cuts being the next move, not rate rises and about when that will happen, not if. Financial markets are now …
Continue reading “Economic data show a turning point has been reached in the cycle”
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”
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”