John Redwood's Diary (Free subscription) | 09/10/2008
Yesterday at a little after noon the Prime Minister announced a 50 basis point cut in UK interest rates to the Commons. He told us the Governor of the Bank had decided it. The decision came a day before the Monetary Policy Committee had completed its usual monthly processes to [...]
Times Online (Free subscription) | 4 hours ago
Andrew Sentance, a member of the Bank of England's Monetary Policy Committee (MPC), today heightened hopes that another interest cut could be on the way amid forecasts that the UK had already entered a recession.
Andrea's Homepage (Free subscription) | 33 minutes ago
... Bank of England independence, Brown's 'Big Idea' in 1997, was widely hailed as brilliant. Yet the Monetary Policy Committee that sets interest rates failed to take account of the massive asset bubble - particularly in property - over the last 10 years. Why? Because their task is to look at the Government's inflation measure, which EXCLUDES property prices. And Brown's other...
Bush Radio 89.5 fm Newsroom (Free subscription) | 10/10/2008
By Mandisi Tyulu 10 October 2008 Reserve Bank Governor Tito Mboweni has announced that the bank's Monetary Policy Committee has decided to keep the repurchase rate steady at 12-percent. This went against worldwide trends to cut rates. Commercial banks’ prime lending rates will remain at 15-and-half-percent. Mboweni says forecasts show a moderate improvement to South Africa’s economic...
All Africa (Free subscription) | 10 hours ago
... prime lending rate now at 15,5% -- and inflation is expected to drop next year.The Reserve Bank's monetary policy committee decided last week to keep the repo rate at 12%. This is the second time running the committee has left the rate unchanged, having kept it at the same level in August.Retail sales are expected to remain weak before stabilising.Standard Bank economist...
TalkCarswell.com (Free subscription) | 10/10/2008
Ever since Gordon Brown allowed the Monetary Policy Committee of the Bank of England to determine interest rates to hit his inflation target, everyone has seemed to support Bank of England "independence". Not many seem to really understand what such independence actually means. The financial crisis has revealed it means very little. The MPC can do what it wants - provided it does...
David Smith's EconomicsUK.com (Free subscription) | yesterday
What can one say after a week like that? Dramatic market moves can be cathartic or a signal of grim times ahead. Dramatic policy moves can either be desperation or a well-judged response to prevent gloom turning to disaster....
Secured Loans (Free subscription) | 10/10/2008
August saw the rate of consumer inflation rocket to 4.7%, creating further difficulties for the Monetary Policy Committee and the Bank of England, which have been trying to keep a lid on inflation levels by keeping the base rate on hold at 5% for the past five months. The rate ...
All Africa (Free subscription) | 10/10/2008
FOR SA's cash-strapped consumers, yesterday's news from the monetary policy committee was not too bad. Keeping rates where they are is, after all, better than having to pay more for your car or other debts.
Property investments (Free subscription) | 09/10/2008
September was a fairly mundane time for the Bank of England's monetary policy committee (MPC). For the third ... Source: news.assetz.co.uk (AFX UK Focus) 2008-10-02 09:39 OJSC LSR H1 pretax drops on $159 mln non-cash hit from portfolio revaluation (Interactive Investor) LONDON (Thomson Financial) - Russian construction company OJSC LSR Group posted a sharp reduction in first-half...
IOL (Free subscription) | 10/10/2008
By Suren NaidooSouth African Reserve Bank governor Tito Mboweni announced no change in the interest rate on account of high food and fuel prices on Thursday, following the bank's penultimate monetary policy committee meeting of the year.Mboweni was not swayed by other major reserve banks around the world that dropped rates this week in the wake of the international financial crisis....
IOL (Free subscription) | 09/10/2008
Briefing the media after a two-day Monetary Policy Committee meeting, the Reserve Bank governer said CPIX inflation had increased from 13 percent in July 2008 to 13,6 percent in August.
The Telegraph (Free subscription) | 08/10/2008
A former member of the Bank of England's Monetary Policy Committee argues that the MPC is sending the right message.
All Africa (Free subscription) | 10/10/2008
... had been hit hard by global risk aversion, and the Bank was "monitoring developments closely"."The monetary policy committee (MPC) considered recent developments in the South African economy and the risks to the inflation outlook against the backdrop of conditions prevailing in the international financial markets," he said."The MPC is of the view that an unchanged monetary...
Banking Times: Daily Banking News (Free subscription) | 08/10/2008
The Bank of England’s Monetary Policy Committee has cut the base rate by 0.5%, to 4.5%. The decision to implement the long-awaited reduction has been made one day early, amid more market turmoil and accompanying news of the Government’s plan to spend £50 billion recapitalising the UK’s High Street banks. The Bank says the move is [...]
