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Maverecon (Free subscription) | yesterday
The Council of Mortgage lenders has made a constructive proposal for reviving the markets for securitising residential mortgages. The response from the Bank of England and the Treasury has been a deafening silence. I believe the Bank and the Treasury are making a mistake. Legitimate fear of moral hazard should not degenerate into pointless and unnecessarily [...]
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The Telegraph (Free subscription) | yesterday
The so-called neutral level of interest rates is now below 5pc for the first time in well over a decade, indicating that the Bank of England will be able to leave the base rate lower for longer in the future, a report from a key Treasury adviser has shown.
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Times Online (Free subscription) | yesterday
A surprise three-way split in the Bank of England's rate-setting Monetary Policy Committee this month, with one member backing an immediate rise in interest rates, fuelled uncertainty in the City yesterday over the Bank's next move.
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Times Online (Free subscription) | 23/07/2008
A surprise three-way split in the Bank of England’s rate-setting Monetary Policy Committee this month, with one member backing an immediate rise in interest rates, fuelled uncertainty in the City yesterday over the Bank’s likely next move.
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Best Credit Cards (Free subscription) | 23/07/2008
Secured loans in the third quarter are going to be harder to get. The lending requirements for these loans are going to be stricter, the Bank of England stated. Along with these tightening of lending requirements the construction loans and businesses are seeing a detriment. Without the funds to build new homes the construction industry [...]
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The Herald (Free subscription) | 23/07/2008
A Bank of England rate-setter voted to hike interest rates this month amid concerns about soaring inflation, it was revealed today.
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Times Online (Free subscription) | 23/07/2008
The Bank of England's Monetary Policy Committee (MPC) was divided over its decision to keep the interest rate on hold at 5 per cent in July but hinted that borrowing costs could rise next month.
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Market Watch (Free subscription) | 23/07/2008
LONDON (MarketWatch) - Bank of England policymakers were divided three ways over interest-rate policy earlier this month, with seven members of the Monetary Policy Committee voting to hold rates steady, while one argued for a hike and another pleaded for a cut, according to a summary of the July 10 meeting released Wednesday.
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The Telegraph (Free subscription) | 23/07/2008
Bank of England Governor Mervyn King has accused the Treasury of being "rather short-sighted" by sparing Britain's lenders the cost of pre-funding the industry compensation scheme.
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Reuters UK (Free subscription) | yesterday
LONDON (Reuters) - Bank of England deputy governor Charles Bean said on Thursday economic growth will be slower and inflation stronger than the central bank forecast in May and policymakers are trying to balance those competing risks.
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The Economist (Free subscription) | yesterday
If interest rates move, the direction will be up rather than down AS THE economy stumbles and inflation surges, the Bank of England's rate-setters face a predicament. Should they cut interest rates to help ward off a severe downturn? Or should they raise rates in an effort to tame inflation? The obvious response to such a dilemma is to stay put and that is exactly what the central bank's monetary-policy...
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Tim Worstall (Free subscription) | yesterday
Hmm, this is interesting. The so-called neutral level of interest rates is now below 5pc for the first time in well over a decade, indicating that the Bank of England will be able to leave the base rate lower for longer in the future, a report from a key Treasury adviser has shown. Neutral interest rates, which [...]
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SignalBlog (Free subscription) | yesterday
The sterling was initially higher against the dollar, moving above the 2-level to 2.0028 following the release of the Bank of England June meeting minutes. The pound also climbed to a 7 ½ month high versus the yen near 215.85. The BoE minutes revealed a three-way split in the vote, with Tim Besley voting in [...]
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Daily Mail on Sunday (Free subscription) | yesterday
Four out of ten homebuyers in some areas are pulling out of sales after losing their nerve or failing to get a mortgage, the Bank of England said yesterday.
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Daily Mail (Free subscription) | yesterday
Four out of ten homebuyers in some areas are pulling out of sales after losing their nerve or failing to get a mortgage, the Bank of England said yesterday.