This morning, with the release of the MPC’s latest minutes, we discovered that a further member of the committee voted for a rate hike at the last meeting. Spencer Dale voted for an increase in the base rate of 25…
Tag Archives: QE
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MPC Minutes – Rate hike becoming ever more likely
- Topics
- interest rates, MPC
Posted February 23rd, 2011
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QE (Quite Enough?) Update & Competition Winner
- Topics
- Bank of England, gilts, quantitative easing
Posted November 5th, 2009
Earlier today the Bank of England announced that along with keeping the bank rate at 0.5% it is to increase the QE program by a further £25bn over the next 3 months. Whilst an increase was somewhat expected by the…
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QE (Quite Enough?) Update & Competition Winner
- Topics
- Bank of England, quantitative easing
Posted November 5th, 2009
Earlier today the Bank of England announced that along with keeping the bank rate at 0.5% it is to increase the QE program by a further £25bn over the next 3 months. Whilst an increase was somewhat expected by the…
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Does deflation always result in a low and flat yield curve?
- Topics
- deflation, quantitative easing
Posted September 25th, 2009
We’ve had a huge rally in risky assets since we wrote a comment about Turning Japanese almost a year ago, and while diminished, the risk of a ‘lost decade’ is still very real. I thought it would be worth another…
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"Fire, Fire in Noah's Flood’ – are we right to be scared about inflation?
- Topics
- Bank of England, inflation, News
Posted May 29th, 2009
Right now the most commonly submitted question to this blog is about the impact of QE, high budget deficits and zero rates on inflation. Most people are inclined to think that after a brief period of deflation, largely as a…
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The ECB cut rates from 1.5% to 1.25% last week, taking the main rate to the lowest level since the ECB took control of monetary policy in 1999. Markets had been expecting a rate cut to 1%, and rightly so. …










