UK BANK RATE HELD AT 0.5%

December 4, 2014

As fully expected by the markets, the Bank of England’s Monetary Policy Committee (MPC) has maintained its policy stance, holding Bank Rate at 0.5% and asset purchases at £375 billion at its meeting today. With the clamour from many quarters … Continue reading

ECB KEEPS POLICY ON HOLD AMID RUMOURS OF DIVISIONS IN THE GENERAL COUNCIL

November 6, 2014

The ECB kept monetary policy on hold today maintaining the refinancing rate at 0.05%, the deposit rate at minus 0.2% and the marginal lending rate at 0.3% which, despite rumours of dissent within the General Council (GC), was in line … Continue reading

LMMA WELCOMES BANK OF ENGLAND’S MOVE TO INCLUDE CCPs AND BROKER_DEALERS

November 6, 2014

The Bank of England has announced that it is widening access to its Sterling Monetary Framework (SMF) to accept broker-dealers and central counterparties (CCPs). The LMMA welcomes the announcement and believes it is a sensible move and should be applauded. … Continue reading

MPC MAINTAINS POLICY STANCE AT ITS NOVEMBER MEETING

November 6, 2014

The Bank of England’s Monetary Policy Committee (MPC) maintained its policy stance following the November meeting today. The Bank Rate remains at 0.5% and the asset purchase programme at £375 billion. The next focal point for economic forecasters is the … Continue reading

US FEDERAL RESERVE ENDS QUANTITATIVE EASING

October 30, 2014

In a widely expected move, the US Federal Reserve this week completed the taper of its last $15 billion a month in asset purchases and will keep its balance sheet stable from now on. In a statement, it also signalled … Continue reading

OCTOBER MPC MINUTES REVEAL NO APPETITE FOR AN INCREASE IN BANK RATE

October 22, 2014

October’s MPC minutes released today show that the committee was unanimous in maintaining QE at £375 billion while the vote of 7-2 to maintain Bank Rate at 0.5% was the same as last month. Analysts trying to read the runes … Continue reading

PSNB DEFICIT OF £11.8BN FOR SEPTEMBER DISAPPOINTS MARKETS

October 21, 2014

The new headline measure of government borrowing, Public Sector Net Borrowing (PSNB), showed a deficit of £11.8bn for September, which is an increase of £1.6bn from September last year. These are viewed as disappointing numbers and reflect the continuing softness … Continue reading

BANK RATE RISE STILL ON HOLD AFTER INFLATION FALLS AGAIN

October 15, 2014

September’s inflation numbers were much weaker than market expectations, with CPI at 1.2%, down from 1.5% in August and lower than the Bank of England’s own forecast of 1.7%. CPI is now at a five year low and with price … Continue reading

MPC ANNOUNCES NO CHANGE TO BANK RATE

October 9, 2014

As expected, the MPC has left the Bank Rate unchanged at 0.5% and the asset purchase target at £375 billion. Following the ECB’s latest decision to hold rates, there seems to be some uncertainty around regarding the strength of economic … Continue reading

WHITHER UK INTEREST RATES?

August 20, 2014

The releases from the Bank of England and accompanying comment over the summer months have done nothing if not confuse. Identifying Forward Guidance from press conference asides has added to the confusion and the conflicting data regarding inflation, employment, house … 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