The uncomfortable truth is that Andrew Bailey doesn’t control our inflation – Putin does

[ad_1] No wonder the Bank’s monetary policy committee is now under serious scrutiny. Appearing before the House of Lord’s economic affairs select committee, Governor Andrew Bailey last week conceded it…

Brexit is to blame for inflation, claims Mark Carney

[ad_1] But surprisingly for someone so used to being in the spotlight, Carney is camera shy. Although he’s dressed for the occasion, in a trademark white cutaway collar shirt and…

Bank of England urged to speed up review of forecast ‘bungles’

[ad_1] Dame Andrea said: “The committee has the feeling that interest rate rises did not happen soon enough and quantitative easing went on too long, but the Bank has not…

Don’t expect good news about the economy any time soon

[ad_1] This Thursday sees not only the MPC’s interest rate decision but also the publication of the latest Bank forecasts in its new Monetary Policy Report. It is likely to…

Bank of England has ‘absolutely open mind’ on negative rates: Haskel

[ad_1] FILE PHOTO: A security officer stands outside the Bank of England in London, Britain, March 23, 2020. REUTERS/Toby Melville LONDON (Reuters) – Bank of England policymaker Jonathan Haskel said…

Virgin Money sees shrinking profits as debt provisions multiply

[ad_1] C hallenger bank Virgin Money has reported shrinking profits as it cautioned over a jump in borrowers defaulting on their loans. The lender, which was founded by entrepreneur Sir…

DIARY-Top Economic Events to Oct 31

[ad_1] Sept 20 (Reuters) – For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington…

Bank of England to probe possible leak of QE decision to Sun newspaper

[ad_1] By David Milliken, Elizabeth Howcroft LONDON (Reuters) – Bank of England Governor Andrew Bailey said he would look into how The Sun newspaper reported that the central bank would…

Bank of England should escape groupthink and keep interest rates on hold

[ad_1] The best way to deal with that is to engender growth – so the debt burden falls as a share of GDP. Further rate rises now, when inflation is…

Bank of England fines former TSB executive over 2018 IT meltdown

[ad_1] T SB Bank’s former chief information officer has been fined after its botched IT upgrade in 2018. The Bank of England has handed an £81,620 fine to Carlos Abarca…