Silver as an investment

Category Archives: Monetary Policy Committee

Pound Spikes As BOE “Hawkish” Vote Surprises Traders

The pound sharply reversed overnight losses (the result of weaker than expected UK retail sales 0.90% Y/Y, exp. 1.7%) rising as much as 0.3% to 1.2794 after the BOE announced it kept rates at 0.25%, however the hawkish surprise was the 5-3 vote, far closer than the 7-1 expected, as two more MPC members , […]

BOE Keeps Rate At 0.25%, Warns Rates May Rise Faster In Case Of “Smooth” Brexit

Just as consensus had expected, the BOE kept its interest rate at 0.25% after a 7-1 vote; in a unaimous vote it also kept its corporate and government bond purchase programs unchanged at GBP10 and GBP435 BN respectively. The biggest highlight in the statement was the BOE’s note that monetary policy may need to be […]

The Bank of England has just crossed the line into straight government financing

telegraph.co.uk / By Jeremy Warner / November 9, 2012 So now we know why the Bank of England’s Monetary Policy Committee called a halt to more Quantitative Easing this week – it’s because the Chancellor and the Governor of the Bank of England have concocted a backdoor way of doing the same thing. The latest […]