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BOE Minutes: Sign of Recovery on the Way
| | Action Insight | Jun 17 09 11:24 GMT
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At the minutes, the MPC members stated that 'the risk of a continued sharp contraction in output in the near-term had receded somewhat' while 'The news over the month had been mostly encouraging. Cond...
| | Central Banks
BOE
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ECB and BoE Stand Pat in June
| | Fundamental Analysis | Jun 04 09 15:27 GMT
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Both the European Central Bank and Bank of England decided to leave interest rates and monetary policy generally unchanged at their meetings this morning. The ECB also provided additional information ...
| | Central Banks
ECB
BOE
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Markets Prepare For ECB and BOE Interest Rate Decisions
| | Fundamental Analysis | Jun 03 09 12:01 GMT
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The European Central Bank (ECB) and the Bank of England (BOE) are expected to keep rates on hold, after reducing the monetary policy stance at a record pace over the past year. Both central banks have...
| | Central Banks
ECB
BOE
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U.K. MPC Meeting Minutes Analysis
| | Fundamental Analysis | May 20 09 09:07 GMT
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Financial market sentiment had generally improved during the month. The three-month LIBOR rate had continued to fall, and spreads over risk-free rates had continued to decline. That might have in part...
| | Central Banks
BOE
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GBP Falls On BOE Quarterly Report, Time To Buy?
| | Fundamental Analysis | May 14 09 05:16 GMT
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GBP traded lower Wednesday after the release of the Bank of England's Quarterly Inflation Report. The BOE Inflation Report forecasts that UK inflation will fall to 0.5% before rising to 1.2% by 2012 a...
| | Central Banks
BOE
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BoE Inflation Report Analysis
| | Fundamental Analysis | May 13 09 10:25 GMT
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According to the latest Inflation Report, there has been a strong deterioration in the outlook for domestic and global economies. This had a strong affect on domestic demand in the United Kingdom. How...
| | Central Banks
BOE
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ECB Cautiously Stimulative While BoE Stimulative Still
| | Fundamental Analysis | May 07 09 16:44 GMT
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Rate decisions by the Bank of England and European Central Bank this morning provided a fair bit of material to chew on. The Bank of England left interest rates unchanged at 0.50% but did expand on th...
| | Central Banks
ECB
BOE
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Bank Of England Leaves Rates At 0.50% But Increases The Size Of The Asset Buying Program
| | Fundamental Analysis | May 07 09 11:21 GMT
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The Bank of England kept the Official Rate at 0.50%, as the market expected. In the current monetary easing cycle, the bank has cut 525 basis points, from a high of 5.75% reached in July 2005. The cur...
| | Central Banks
BOE
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U.K. MPC Meeting Minutes Analysis
| | Fundamental Analysis | Apr 22 09 09:28 GMT
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The BoE's minutes from the meeting held at the beginning of April shows that the committee had voted unanimously to maintain the Bank Rate at 50 basis points and continue with the asset buying program...
| | Central Banks
BOE
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Bank of England Leaves Rates at 0.50%
| | Fundamental Analysis | Apr 09 09 11:15 GMT
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The Bank of England kept the Official Rate at 0.50%, as the market expected. In the current monetary easing cycle, the bank has cut 525 basis points, from a high of 5.75% reached in July 2005. The cur...
| | Central Banks
BOE
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U.K. MPC Meeting Minutes Analysis
| | Fundamental Analysis | Mar 18 09 10:27 GMT
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The BoE’s minutes from the meeting held at the beginning of March shows that the committee had voted unanimously to reduce the Bank Rate by 50 basis points. Additionally, the Committee also voted unan...
| | Central Banks
BOE
Economic Data
UK Data
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Bank of England Quarterly Bulletin
| | Fundamental Analysis | Mar 16 09 01:10 GMT
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In the previous quarter, U.K. residential mortgage backed bond markets may remain shut throughout the rest of the year. This is mainly due to banks having to regain their footing amid the large losses...
| | Central Banks
BOE
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UK: Impact of Quantitative Easing to Growth, Inflation and Sterling
| | Action Insight | Mar 08 09 08:50 GMT
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Apart from reducing interest to 0.5%, the lowest level since the central bank was established, the BOE announced a quantitative easing policy worth up to 150B pounds. We would like to analyze how this...
| | BOE
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ECB and BoE Get Liquid
| | Fundamental Analysis | Mar 05 09 18:56 GMT
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Both the Bank of England and European Central Bank cut their policy rates by 50bps today. For the BoE, this takes rates down to 0.50%, which the central bank has seemed to indicate is the floor. For t...
| | Central Banks
ECB
BOE
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BOE Slashed Rate To 0.5%, Also Announced An Asset Purchase Program Of 75B Pounds
| | Action Insight | Mar 05 09 12:58 GMT
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The Bank of England slashed interest rate by 50 bps to 0.5%, inline with market expectation. Meanwhile, the central bank announced it would purchase 75B pounds in assets in the coming 3 months so as t...
| | Central Banks
BOE
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Bank of England Concludes Easing Cycle After Cutting to 0.50%, Policy Makers to Spend GBP 75B
| | Fundamental Analysis | Mar 05 09 11:44 GMT
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The British Pound fell lower after rising to a high of 1.4228 during the Asian session as deteriorating fundamentals weighed on the outlook for further growth, and continued to trail lower following t...
| | Central Banks
BOE
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Bank Of England Cuts Rate To 0.50%, Adopts Quantitative Easing
| | Fundamental Analysis | Mar 05 09 11:27 GMT
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The Bank of England has eased the monetary policy stance by another 50 basis points, down to 0.50%, as the market expected. In the current monetary easing cycle, the bank has cut 525 basis points, fro...
| | Central Banks
BOE
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BoE Announces GBP75B in Quantitative Easing, Cut Interest Rate by 50 bp
| | Fundamental Analysis | Mar 05 09 11:19 GMT
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The BoE cut the repo rate by 50 bp to 0.50% and said it would engage in quantitative easing of GBP75 bln. The BoE was widely expected to cut the repo rate by 50bp but the accompanying statement highli...
| | Central Banks
BOE
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UK: BoE Not Going to Zero - But Will Print Money
| | Fundamental Analysis | Feb 20 09 11:06 GMT
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We therefore no longer expect the BoE to cut all the way down to zero but instead cut to 0.5% in March and stop there. Sterling has been trading more or less sideways against the euro this week at aro...
| | Central Banks
BOE
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U.K. MPC Meeting Minutes
| | Fundamental Analysis | Feb 18 09 09:11 GMT
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The BoE's minutes from the meeting held at the beginning of February shows that the committee had, for a second consecutive meeting, a split vote. Eight members voted for a 50-basis rate cut, while on...
| | BOE
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Bank of England vote 8-1 for 1% Rate, Blanchflower in Favor of 100bp Cut
| | Fundamental Analysis | Feb 18 09 09:11 GMT
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The BoE MPC voted unanimously in favor to seek governmental approval to conduct quantitative easing, the minutes from the February meeting showed, causing Gilt futures to rally. The MPC concluded that...
| | Central Banks
BOE
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Threat of Deflation Leading BOE to Money Creation
| | Fundamental Analysis | Feb 16 09 14:47 GMT
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The transition from using interest rates as the sole monetary policy tool by the Bank of England to combat recession and the continuing dislocation in credit markets and to using other less convention...
| | Central Banks
BOE
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BoE Inflation Report
| | Fundamental Analysis | Feb 11 09 10:02 GMT
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According to the latest Inflation Report, there has been a strong deterioration in the outlook for domestic and global economies. This had a strong affect on domestic demand in the United Kingdom....
| | Central Banks
BOE
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BoE Sees Inflation Rate at 0.5%, GBP/USD Plunges
| | Fundamental Analysis | Feb 11 09 09:58 GMT
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The BoE sees CPI at just 0.5% in two years time, based on current market rate expectations, keeping the door open to further rate cuts. The outlook, based on a repo rate trough of 0.7% in Q3 this year...
| | Central Banks
BOE
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European Interest Rates Still Moving Lower
| | Fundamental Analysis | Feb 05 09 17:36 GMT
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The Bank of England (BoE) and European Central Bank (ECB) both delivered what the market and we were expecting today, with the BoE cutting rates by 50 basis points to 1.00%, while the ECB left rates u...
| | Central Banks
ECB
BOE
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Bank Of England Cuts Down To 1.00%
| | Fundamental Analysis | Feb 05 09 11:26 GMT
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The Bank of England has eased the monetary policy stance by another 50 basis points, down to 1.00%, as the market expected. In the current monetary easing cycle, the bank has cut 475 basis points, fro...
| | Central Banks
BOE
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British Pound Forecast ahead of BoE Rate Decision
| | Fundamental Analysis | Feb 04 09 16:21 GMT
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This Thursday, the Monetary Policy Committee of the Bank of England is expected to cut rates by 50 bps to 1 percent. This will bring the overnight rate to the lowest level in the bank's more than 300 ...
| | Central Banks
BOE
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GBP/USD: Trading the Bank of England Interest Rate Decision
| | Fundamental Analysis | Feb 04 09 16:18 GMT
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The British pound may face increased selling pressures over the next 24 hours of trading as market participants forecast the Bank of England to lower the benchmark interest rate by another 50bp to 1.0...
| | Central Banks
BOE
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BoE Voted Split In January, 8-1 For 50 Basis Points
| | Fundamental Analysis | Jan 21 09 09:19 GMT
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The BoE's minutes from the meeting held at the beginning of January shows that the committee had a split vote. Eight members voted for a 50-basis rate cut, while one, Mr. Blanchflower, proposed a 100 ...
| | Central Banks
BOE
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BoE Governor King Sees Quantitative Easing Within Weeks
| | Fundamental Analysis | Jan 21 09 08:35 GMT
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BoE Governor King sees quantitative easing within weeks. Noting that with the repo rate now at a historical low, the MPC may need to prepare for "a range of unconventional measures", taking the form o...
| | Central Banks
BOE
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Bank of England Cuts into the History Books
| | Fundamental Analysis | Jan 08 09 15:13 GMT
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The Bank of England (BoE) today lowered its key interest rate by 50 basis points, taking the level to just 1.50%, the lowest since the central bank was founded in 1694. Since October, the BoE has cut ...
| | Central Banks
BOE
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UK's Interest Rate Reaches 1.5%, Lowest Level In More Than 300 Years
| | Action Insight | Jan 08 09 12:41 GMT
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Consistent with market expectation, the Bank of England slashed interest rate by 50 bps to 1.5%, historic low level since the central was established in 1694. The decision made by the committee was in...
| | Central Banks
BOE
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BOE Lowers by 50bp Says Weak Pound Enough Stimulus
| | Fundamental Analysis | Jan 08 09 11:41 GMT
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Bank of England dropped the benchmark UK interest rate to 1.5% easing by 50bp as expected. The Monetary Policy Committee noted that the sharp drop in the pound provided additional stimulus to the UK e...
| | Central Banks
BOE
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Sterling Survives Rate Cut
| | Fundamental Analysis | Jan 08 09 11:33 GMT
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Overall, Sterling should still prove relatively resilient given the amount of bad news towards the economy and currency priced in. Sterling dipped towards 1.4850 against the dollar on Wednesday before...
| | Central Banks
BOE
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Bank Of England Reduces The Official Rate By 50 Basis Points To 1.50%
| | Fundamental Analysis | Jan 08 09 11:18 GMT
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The Bank of England has eased the monetary policy stance by 50 basis points, down to 1.50%, as the market expected. In the current monetary easing cycle, the bank has cut 425 basis points, from a high...
| | Central Banks
BOE
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The Bank of England Cut Interest Rate to the Lowest Level Since 1964
| | Fundamental Analysis | Jan 08 09 11:12 GMT
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The BoE cut the repo rate by 50 bp to 1.50% in line with expectations. In the statement accompanying the announcement, the central bank said that it expects inflation to fall further and that today's ...
| | Central Banks
BOE
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GBP/USD: Trading the Bank of England Interest Rate Decision
| | Fundamental Analysis | Jan 07 09 15:50 GMT
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Expectations for lower borrowing costs could weigh on the British pound as economists anticipate the Bank of England to cut the benchmark interest rate by another 50bp to 1.50%, which would be the low...
| | Central Banks
BOE
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BOE Quarterly Bulletin - Households Finding Incomes Declining
| | Fundamental Analysis | Dec 15 08 03:25 GMT
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The financial position of British households has been affected by a number of developments over the past year, including sharp fluctuations in food and energy bills, falling house price,s and tighter ...
| | Central Banks
BOE
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BOE and ECB Cut to the Chase
| | Fundamental Analysis | Dec 04 08 18:39 GMT
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The Bank of England and European Central Bank were both in history-making mode this morning. For the BoE their 100 basis point cut to the Bank Rate today brings interest rates in the U.K. to just 2.00...
| | Central Banks
ECB
BOE
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BoE, ECB and Riksbank Rate Cuts
| | Fundamental Analysis | Dec 04 08 16:30 GMT
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At today's monetary policy meetings, the Bank of England (BoE) and the European Central Bank (ECB) have announced significant rate cuts: BoE by 100bp and ECB by 75bp. Also, the Swedish central bank, R...
| | Central Banks
ECB
BOE
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BoE Cut Rates to Historical Low of 2%, Finished? Not Yet
| | Action Insight | Dec 04 08 13:23 GMT
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We believe it's not the end of the rate cut cycle for the UK as economic conditions both domestically and in overseas are bad and MPC explicitly stated 'further measures' are needed to unfreeze the ti...
| | Central Banks
BOE
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Bank of England Cuts 100bp, Rates at 2%
| | Fundamental Analysis | Dec 04 08 11:37 GMT
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The Bank of England cut interest rates by 100bp today to 2%. Since the beginning of the year, the BoE has eased interest rates by 325bp, making them the most aggressive G7 central bank. The monetary p...
| | Central Banks
BOE
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Bank Of England Eased The Monetary Stance By 100 Basis Points
| | Fundamental Analysis | Dec 04 08 11:33 GMT
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The Bank of England has eased the monetary policy stance by 100 basis points, down to 2.00%, as the market expected. So far, in 2008, the bank has cut 325 basis points to the current interest rate of ...
| | Central Banks
BOE
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British Pound Could Rise Even If the Bank of England Slashes Rates
| | Fundamental Analysis | Dec 03 08 20:59 GMT
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The outlook for the British pound looks dim as the Bank of England is widely anticipated to follow up their October 8 and November 6 rate cuts with yet another aggressive reduction on Thursday morning...
| | Central Banks
BOE
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The Race to Zero Interest Rates
| | Fundamental Analysis | Nov 28 08 18:41 GMT
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We expect December to be another active month for the foreign exchange market as central banks around the world take their interest rates to historically significant levels. There are 4 central banks ...
| | Central Banks
Fed
ECB
BOJ
BOE
SNB
BOC
RBA
RBNZ
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Bank of England Reiterates Credit Concerns Amid Mandate for Price Stability
| | Fundamental Analysis | Nov 25 08 09:34 GMT
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BoE's King said deflation is not part of the MPC's central CPI projection and said that although there's a risk of negative price growth, such a scenario should only be last for a short period. There ...
| | Central Banks
BOE
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Bank of England Won't Stand in the Way of the British Pound
| | Fundamental Analysis | Nov 19 08 13:54 GMT
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The markets are ecstatic about the Bank of England's proactiveness even if it means that UK interest rates will probably drop below 2 percent. Given the tone of the BoE minutes, we expect another 100b...
| | Central Banks
BOE
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BOE Voted Unanimously For A 150 Basis Points Rate Cut
| | Fundamental Analysis | Nov 19 08 08:59 GMT
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The BoE's minutes from the meeting held at the beginning of November shows that the committee voted unanimously in favor for a 150 basis point rate cut, despite a consensus that said a 200 basis point...
| | Central Banks
BOE
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Bank of England Panel Vote Unanimously for Rate Cut to 3%, Further Rate Cuts Ahead
| | Fundamental Analysis | Nov 19 08 08:45 GMT
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The minutes from the BoE November 5-6 meeting showed a unanimous 9-0 vote behind the 150 bp rate cut and revealed that a larger move was even discussed but that the MPC felt that it would have proved ...
| | Central Banks
BOE
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BoE Governor Mervyn King Sparks Speculation for Currency Intervention as Pound Drops to Record Lows
| | Fundamental Analysis | Nov 12 08 11:13 GMT
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BoE Governor King said if Sterling falls far enough, it would be a concern, but noted that he is not surprised of the recent depreciation. Sterling has depreciated sharply on a deteriorating growth ou...
| | Central Banks
BOE
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