BoE Watch Discussion turning to QE2 Inflation fell sharply in most countries in the region last month, due in large part to a surprise drop in food prices. This appears to have been driven by one-off factors relating to the outbreak of... 5th July 2011 · 1 min read
BoE Watch Threat of rate rise receding There is little chance of an interest rate rise this month. Last month’s Inflation Report did not suggest that an imminent rate hike was required. And the economic data have retained a fairly soft... 6th June 2011 · 1 min read
BoE Watch Sluggish recovery eases pressure to hike March’s fall in inflation and a run of weak news on the economic recovery have left an interest rate rise at this month’s Monetary Policy Committee meeting looking relatively unlikely. With inflation... 3rd May 2011 · 1 min read
BoE Watch Still not obvious that rate rise is needed There is little to suggest that the Monetary Policy Committee has shifted its position at all since its last meeting. A rate rise therefore does not look very likely. A May hike, coinciding with the... 4th April 2011 · 1 min read
BoE Watch Uncertainty to keep MPC on hold The Monetary Policy Committee (MPC) seems to be getting closer to raising interest rates soon. However, most members still want to wait for a clearer picture regarding the underlying pace of recovery... 7th March 2011 · 1 min read
BoE Watch Uncertainty makes February rate rise unlikely The minutes of the last Monetary Policy Committee (MPC) meeting suggested that the Committee was edging closer towards a near-term rate hike. But the sharp slowdown in the economic recovery at the end... 7th February 2011 · 1 min read
BoE Watch MPC to hold its nerve as inflation rises If inflation expectations continue to increase, the Monetary Policy Committee (MPC) will no doubt seriously consider a ‘token’ interest rate rise. But for now, it still seems wedded to its view that... 6th January 2011 · 1 min read
BoE Watch No change imminent Most members of the Monetary Policy Committee (MPC) are continuing to sit firmly on the proverbial fence. But while a policy change does not look imminent, we still think that the faltering economic... 2nd December 2010 · 1 min read
BoE Watch Not quite ready to do more QE yet The multitude of comments by Monetary Policy Committee (MPC) members over the past month have suggested that most are still very open to the idea of re-starting quantitative easing (QE). While the... 28th October 2010 · 1 min read
BoE Watch MPC edging towards more QE Signs that the economic recovery is fading have prompted the Monetary Policy Committee(MPC)to move slightly closer to providing the economy with more stimulus. Indeed, a three way split vote looks... 30th September 2010 · 1 min read
BoE Watch MPC stays sanguine on inflation There are still few signs that the Monetary Policy Committee (MPC)about to change policy in either direction any time soon. We expect interest rates and the asset purchase programme to be left... 2nd September 2010 · 1 min read
BoE Watch Stronger data unlikely to prompt rate hike There are still few signs that Andrew Sentance’s view that interest rates need to rise is gathering much support from the rest of the Monetary Policy Committee (MPC). In fact, the minutes of the last... 29th July 2010 · 1 min read
BoE Watch Divisions emerge, but near-term hike unlikely The Monetary Policy Committee (MPC) is getting increasingly nervous about the current rise in inflation, as evidenced by Andrew Sentance’s vote for an interest rate rise last month. However, most... 1st July 2010 · 1 min read
BoE Watch Rise in inflation fails to rattle MPC The Monetary Policy Committee (MPC) appears, more than ever, to be in wait and see mode. A number of uncertainties – such as the severity of the upcoming fiscal squeeze and the impact of recent events... 3rd June 2010 · 1 min read
BoE Watch Fiscal uncertainty to keep MPC on hold May’s Monetary Policy Committee (MPC) meeting comes just before the publication of the next Inflation Report, making a change of policy slightly more likely than in the past couple of months. However... 5th May 2010 · 1 min read
BoE Watch MPC to hold fire while inflation remains high With the Monetary Policy Committee (MPC) still waiting to see how the effects of its past asset purchases pan out, no change in policy is likely this month. The MPC’s fears of a rise in inflation... 1st April 2010 · 1 min read
