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Quarterly Inflation Report

Let’s sit down and discuss your performance Mervyn…

Six years ago this month, Gordon Brown, who was Chancellor of the Exchequer at the time, set the Monetary Policy Committee (MPC) an inflation target of 2.0% for the Consumer Prices Index (CPI). Additionally, if the inflation target is missed by more than 1 percentage point on either side – in other words, if the annual rate of CPI is more than 3.0% or less than 1.0% – the Governor of the Bank, …

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QE (Quite Enough?) Update & Competition Winner

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 market gilts have sold off, the yield on the 3 3/4 2019 rose to 4% earlier as it seems to have expected a larger commitment. Even though we had a GDP print of -0.4% recently it seems …

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