All posts by Neil Patterson
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...
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...
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...
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...
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...
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...
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...
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...