Bank of England policymaker Kristin Forbes warns against keeping interest rates low for too long August 17, 2015 Bank of England policymaker Kristin Forbes has warned keeping interest rates low for too long risks undermining Britain's economic recovery. Earlier this month, when the monetary policy broke unanimity and voted 8-1 to hold rates, Forbes chose to stick with the majority. The US economist and external member of the monetary policy committee (MPC) said there [...]
Homebuyers chase longer fixed rate mortgages as interest rate hike looms August 16, 2015 The prospect of interest rates coming off their record lows is prompting potential homebuyers to search for extended mortgages. Mortgages with a 30-year term, or longer, were considered by 21 per cent of those looking to buy between April and June, according to data published today by the Mortgage Advice Bureau (Mab), a brokers. Only [...]
Bank of England deputy governor Ben Broadbent says “no urgency” to raise rates; would be “foolish” to pre-announce interest rate hike date August 7, 2015 Bank of England (BoE) deputy governor Ben Broadbent has played down expectation that there could be a rate rise by the end of 2015. Mark Carney's second-in-command this morning said his boss's speech "did not say we can expect a rate rise around the turn of the year", adding it was "impossible" and "foolish" to pre-announce [...]
Bank of England Super Thursday: Website struggles under pressure August 6, 2015 Bank of England governor Mark Carney and co's unprecedented data dump has heaped pressure onto the bank's servers, meaning users struggled to access its website at the stroke of noon. Rather than having a fortnight to digest the various releases, central bank watchers rushed to read the interest rate decision, minutes of the interest rate [...]
Bank of England: Taylor Wimpey, Persimmon and Barratt Developments share prices rise after not-so-super Thursday August 6, 2015 Shares in housebuilders were boosted today after the Bank of England's historic "data dump" struck an unexpectedly dovish note. Taylor Wimpey shares rose 2.19 per cent to 200.5p per share, while Persimmon was 1.22 per cent higher at 2,079p per share and Barratt Developments was 1.4 per cent higher at 650p per share. Read more: Mortgage [...]
Super Thursday: Interest rate rise by the Bank of England could end the buy-to-let boom August 6, 2015 It looks like momentum to raise interest rates could be building over at the Bank of England (BoE), however a legal advice service has warned this could spell disaster for the UK's booming buy-to-let market. Minutes due to be released later today are expected to show between two to three members of the nine-strong rate-setting [...]
Bank of England Super Thursday: Which monetary policy committee member could vote for an interest rate rise? August 6, 2015 Economists, analysts and investors think the minutes of the Bank of England's monetary policy committee (MPC) meeting due out at midday could show the first minority dissent among the Bank's policymakers so far this year. But which members of the nine-strong MPC who could be itching to pull the trigger and hike rates? Martin Weale [...]
Super Thursday: Dissent in the ranks as Bank of England monetary policy committee votes 8-1 to hold interest rates August 6, 2015 UK policy makers took a step toward raising interest rates for the first time in eight years today as the Bank of England’s committee of rate-setters broke their unanimity on voting to keep borrowing costs at record lows. The pound fell 0.49 per cent against the dollar to 1.5526 on the news, sliding 0.24 [...]
Bank of England Super Thursday: Here’s everything you need to know August 5, 2015 Economists, analysts and investors across the City are busily preparing for Super Thursday. Rather than having a fortnight to digest various releases from the Bank of England, they'll be hit with the central bank's interest rate decision, minutes of the meeting and new economic forecasts all at once. The Bank ended what governor Mark Carney [...]
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 [...]