MPC HOLDS RATES…………FOR NOW

February 8, 2018

Bank of England’s Monetary Policy Committee (MPC) today left Bank Rate and QE unchanged, as widely if not universally expected. What was unexpected was the latest “forward guidance” that the next rate increase is likely to happen sooner than later … Continue reading

FIRST RATE RISE IN 10 YEARS?

October 29, 2017

The last time the Bank rate was raised was in July 2007 when Gordon Brown was Prime Minister, having just taken over from Tony Blair, raising the rate to 5.75%. There was no hint at that time of the impending … Continue reading

BIG NEWS – SMALL REACTIONS

August 3, 2017

In the past few weeks, there have been several announcements and speeches which have great significance for the financial markets in the UK but there doesn’t seem to have been a commensurate reaction in terms of column inches. The first … Continue reading

MPC VOTES 6-2 TO KEEP BANK RATE UNCHANGED

August 3, 2017

The Bank of England’s Monetary Policy Committee (MPC) voted 6-2 to maintain Bank Rate at 0.25% and voted unanimously to continue with the programme of government bond purchases at £435 billion and corporate bond purchases at £10 billion. The decision to keep bank rate … Continue reading

MANSION HOUSE SPEECH – GOVERNOR SIGNALS HE IS MORE OF A DOVE THAN A HAWK?

June 20, 2017

The delayed Mansion House speeches were delivered this morning by the Chancellor of the Exchequer and the Governor of the Bank of England. Governor Carney appears to think that it is too early to raise the Base Rate while there remains so much uncertainty … Continue reading

GOVERNOR WARNS NEXT RATE CHANGE COULD BE DOWN – OR MAYBE UP

January 16, 2017

The repercussions surrounding the United Kingdom’s decision to leave the EU continue to dominate economic opinion and market reaction. In a speech to the London School of Economics today, the Governor of the Bank of England Mark Carney appears to … Continue reading

INFLATION RISES 1% IN SEPTEMBER

October 18, 2016

The inflation rate for September rose by 1% which is higher than expectations. The Bank of England had previously indicated that it will see through any short term rises in inflation as it steers a course to combat a serious fall in … Continue reading

BANK OF ENGLAND ACTION – “TIMELY, COHERENT AND COMPREHENSIVE”

August 4, 2016

Governor Mark Carney has outlined the reasons behind the latest package of monetary measures in response to Brexit and the expected economic downturn, describing them as “timely, coherent and comprehensive”.  The reduction of Bank Rate to a historic low of … Continue reading

BANK OF ENGLAND CUTS BANK RATE TO 0.25% AND EXPANDS QE BY £60 BILLION

August 4, 2016

So the Bank of England, as widely expected, has today cut the Bank Rate to 0.25%. Having signalled a rate cut last month but subsequently having taken no action, the MPC has backed itself into a bit of corner this … Continue reading

UK ‘FLASH’ PMIs FOR JULY DON’T MAKE GOOD READING

July 22, 2016

A special edition of ‘flash’ UK Manufacturing and Services PMIs suggest the UK is heading for recession. The research was carried out post referendum and may also reflect a hint of panic as well as falling confidence. Whether this mood continues … Continue reading

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    MPC HOLDS RATES…………FOR NOW

    February 8, 2018

    Bank of England’s Monetary Policy Committee (MPC) today left Bank Rate and QE unchanged, as widely if not universally expected. What was unexpected was the latest “forward guidance” that the next rate increase is likely to happen sooner than later … Continue reading

    CONTACT US

    London Money Market Association,
    Warnford Court, 29 Throgmorton Street, London, EC2N 2AT
    Email: Ian.Mair@LMMA.org.uk
    Telephone: 020 7947 4916 (Switchboard)
    General Enquiries/Media
    Ian Mair - Chairman
    Email - Ian.Mair@LMMA.org.uk