The answer was the Bank of England’s Inflation Report cost £4 when it was first published in 1993, and now costs £3, deflation of 25%. Congratulations to the ten winners picked randomly: Tim Cockram – Chetwood Wealth Management Simon Bird …
Tag Archives: Mervyn King
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The Bank: Inside the Bank of England: the 10 competition winners are…
- Topics
- Bank of England, quantitative easing
Posted March 13th, 2012
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The Bank: Inside the Bank of England by Dan Conaghan. Thoughts and a competition.
- Topics
- Bank of England, quantitative easing
Posted March 6th, 2012
I’ve just finished reading Dan Conaghan’s newly published book The Bank: Inside the Bank of England. It’s very good – and essential reading for all bond geeks. We met with Dan a couple of weeks ago (he’s coming in for…
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Rating agency Moody’s today downgraded a swathe of UK banks. The reasoning behind this was not the weakening of the economy, nor the fact that, according to Mervyn King, we are in possibly the worst financial crisis ever. It was…
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The good news was that UK CPI fell from 3.2% to 3.1%. The less good news was that this was 0.1% higher than expectations and remains above the 3.0% upper bound (inflation hasn’t been below 3% since December last year). …
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Mervyn King introduced himself to George Osborne last night by writing him a letter, not to wish him luck in his new and frankly unenviable role, nor to advise him on just how much austerity is needed on 22nd June…
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Gordon Brown – a bit less keen on an independent Bank of England
- Topics
- Bank of England, CPI, quantitative easing
Posted October 13th, 2009
At a time when the gilt market is desperately interested in the future of Quantitative Easing, the Prime Minister yesterday sent a shot across the bows of the Bank of England’s MPC by saying that ending QE would put the…
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The Minutes from the Bank of England’s Monetary Policy Committee meeting of two weeks ago were released earlier today. They show that the motion to increase the Quantitative Easing program by £50bn was carried with a vote of six to…
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Our banking analyst pointed out this academic paper to us. The joint work by the Universities of Cambridge and California shows that banking crises cause a significant increase in deaths from heart disease. In developed countries the increase is 6.4%,…
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With all eyes on tomorrow’s inflation data (will Mervyn be forced to write a somewhat embarrassing letter explaining why inflation has breached its upper target ?) a report from the Virgin Money Group show football fans are suffering more than…










