Bank of England’s Ian McCafferty says interest rates could rise this year “data dependent” August 5, 2015 The Bank of England's Ian McCafferty reportedly said interest rates could rise before the end of this year depending on the strength of future economic data. "Financial markets still believe that an interest rate rise is unlikely until May or June next year, and economists suggest February or March," The Courier said he told the Dundee [...]
Bank of England hawks to vote for interest rate hike on Super Thursday August 2, 2015 The Bank of England will for the first time release a string of reports alongside its monthly monetary policy decision this week. And at least two hawks are expected to break rank and vote in favour of an interest rate hike. The so-called Super Thursday meeting will see the central bank publish its monthly decision [...]
Bank of England braced for historic Super Thursday – London Report August 2, 2015 THIS WEEK includes s-called Super Thursday when the Bank of England’s policy announcement, meeting minutes from the monetary policy committee and the latest Inflation Report will – for the first time – all be released simultaneously. HSBC gets the week off with a bang today with interim results, Standard Life tomorrow and Legal & General [...]
Why the Bank of England should follow the Fed and raise interest rates this year July 30, 2015 GDP figures out earlier this week confirmed that the UK economy is growing well. In five of the past six quarters, UK GDP has risen by 0.7 per cent or more. The annualised growth rate over this period has been 3 per cent. The services sector has been the main engine of growth. Retail, distribution [...]
S&P: Interest rate rise by the Bank of England won’t send property prices plummeting July 30, 2015 Credit ratings agency Standard & Poor's (S&P) said today that an interest rate rise this year could slow house price growth, however a number of structural factors will support demand and prevent an outright decline. "The issue is whether the rise in interest rates that we expect to start in late 2015 could eventually bring [...]
Bank of England mortgage lending figures show a rush to remortgage as interest rate hike comes closer July 30, 2015 The mortgage market is hotting up, according to new figures, as rock bottom rates and the prospect of an interest rate rise fuel extra home buying and remortgaging. Net lending secured on dwellings jumped to £2.6bn in June, from £2.4bn in May, the highest figure since July 2008, the Bank of England said today. The [...]
Bank of England’s Jon Cunliffe warns over impact of a US rate hike July 29, 2015 The Bank of England's deputy governor for financial stability has voiced concerns over how financial markets will react to an interest rate rise by the US Fed. Sir John Cunliffe told the Guardian that global financial markets are "quite fragile" due to a lack of liquidity which can make it more difficult for traders to exit some [...]
Bank of England’s Andy Haldane says “no rush” to hike interest rates July 29, 2015 The Bank of England's chief economist Andy Haldane has said that there's "no rush" to raise interest rates, as some members of the monetary policy committee appear to be gearing up to vote for a rise next month. Haldane argued that the economy is still healing from the financial crisis, inflation remains extremely low and global risks [...]
Bank of England’s Andy Haldane raises the stakes for UK companies as new speech challenges “shareholder-centric model” July 28, 2015 Bank of England chief economist Andy Haldane has stepped up his case for an overhaul of UK corporate governance with the publication of a surprising new speech. In the previously unpublished speech, first delivered at the University of Edinburgh in May, Haldane argues for a “fundamental re-rooting of company law” to challenge the “shareholder-centric company [...]
Bank of England intervention sparks debate over dividends after Andy Haldane says firms too focused on shareholders July 26, 2015 Surprising new suggestions from Bank of England chief economist Andy Haldane have opened up a debate over shareholder power. Haldane told the BBC on Friday that firms are “almost eating themselves” by focusing too much on returns for shareholders and not enough on long-term investment. “The profits that businesses are earning are being used not [...]
