All posts by Neil Patterson
Bank of England Base Rate hits 4%...
The Bank of England Monetary Policy Committee (MPC) today voted by a majority of 7–2 to increase the Base Rate by a further 0.5% to a post credit crisis high of 4%. The two dissenting members voted to...
Bank of England mirror the Fed with 0.5% Base Rate rise...
The Bank of England’s Monetary Policy Committee (MPC) today voted by 6 – 3 members to mirror the Fed by increasing the Base Rate by 0.5% to a total 3.5% interest rate. Two MPC members voted...
Bank Base Rate increased as predicted to 3%...
In an outbreak of predictability, when we all know the Base Rate is heading towards 4% to keep up with the Dollar and the Fed, The Monetary Policy Committee (MPC) voted 7-2 for an increase of 0.75% to...
The Hawks increase interest rates by 0.5%...
The Bank of England Monetary Policy Committee (MPC) voted by a majority of 8 – 1 in favour of the Hawks to increase interest rates by 0.5% this month to a Base Rate of 1.75%. This is justified by...
Phew only a 0.25% increase in Bank Base Rate to 1.25%...
The Bank of England’s Monetary Policy Committee (MPC) voted by a majority of 6-3 to increase Bank Rate by 0.25% to 1.25%. Three dissenters voting on the MPC all wanted to raise the rate by 0.5%.
The...
CPI inflation rate hits 9% in the 12 months to April 2022 –...
The latest inflation figures released today by the Office of National Statistics indicate CPI inflation has reached 9.0% in the 12 months to April 2022, the highest rate since recording started in 1997,
Bank Base rate kicking us when we’re down...
The Monetary Policy Committee have voted by a majority of 6-3 to increase Bank Rate by a quarter-point to a full 1% with 12 month CPI inflation rising to 7.0% in March, around 1% higher than expected in...
Bank Base Rate increased by a cautious quarter to 0.75%...
The Monetary Policy Committee (MPC) voted by a majority of 8-1 to increase Bank Rate by 0.25 percentage points, to 0.75%. Only one Dove this time preferred to maintain Bank Rate at 0.5%, but there were...
Bank of England increases Base Rate to 05%...
The Bank of England’s Monetary Policy Committee (MPC) has voted by a majority of 5-4 to increase Bank Base Rate by 0.25 percentage points, to 0.5%.
The members of the committee that voted against...
Bank Base Rate increased to 0.25%...
It has started: The Bank of England Monetary Policy Committee (MPC) voted by a majority of 8-1 to increase Bank Rate by 0.15% to 0.25%. They did however vote to maintain Quantitative Easing (QE) at the...
Bank of England to stop giving hints...
The Governor of the Bank of England confirmed to the select committee that he was not a fan of the bank’s previous forward guidance policy, instigated by Mark Carney.
Forward guidance (hints given...
BofE Governor feeling uneasy...
The Bank of England Governor, Andrew Bailey, was giving evidence to the Commons Treasury select committee and told them: “I’m very uneasy about the inflation situation. I want to be very clear...
MPC voted by 7-2 to maintain Bank Rate at 0.1%...
The Doves in the Bank of England’s Monetary Policy Committee (MPC) voted by a majority of 7-2 to not increase the Bank Base Rate in the face of current inflationary pressures. They also voted not...
Bank Base Rate held at 0.1% as Inflationary factors considered...
The Bank of England’s Monetary Policy Committee (MPC) voted unanimously to maintain Bank Rate at 0.1% and by a majority of 7-2 to continue with its existing programme of Quantitative Easing.
CPI...
Bank Base Rate unanimously held at 0.1%...
The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Base Rate at 0.1% and to maintain the same levels of Quantitative Easing. This is despite CPI inflation projected to rise...
Bank Base Rate remains 0.1% despite short-term inflationary pressures...
The Bank of England’s Monetary Policy Committee (MPC) voted unanimously to keep the Bank Base Rate at 0.1% and by a majority of 8-1 to continue with its existing programme of UK government bond purchases...
Bank Base rate remains 0.1% as pandemic slows global growth...
The Bank of Englands Monetary Policy Committee (MPC) has voted unanimously to maintain Bank Rate at 0.1% and current levels of Quantitative Easing. This was due to the fall in inflationary pressures caused...
Lockdown keeps inflationary pressure low – No change to...
The Bank of England’s Monetary Policy Committee has voted unanimously again to keep the Bank Base Rate at 0.1% with no change to the quantitative easing programme.
The inflation rate is not expected...
Bank Base rate unmoved at 0.1%...
The Monetary Policy Committee (MPC) voted unanimously to maintain Bank Rate at 0.1% and to make no changes to the quantitative easing program.
The effect of increased coronavirus cases and the third national...
MPC voted unanimously to maintain Bank Base Rate at 0.1%...
The Bank of England’s Monetary Policy Committee (MPC) voted unanimously to maintain the Bank Base Rate at 0.1% and to commence the previously announced programme of £150 billion Quantitative Easing.
QE increased by £150 billion and Bank Base Rate held at 0.1%...
The Bank of England Monetary Policy Committee (MPC) has voted unanimously to maintain Bank Base Rate at 0.1% and to increase the stock of purchased UK government bonds by an additional £150 billion, financed...