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...

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 ...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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....

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...

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...

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...

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 ...

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...

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 ...

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...

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 ...

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...

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...

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...

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...

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 ...

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...

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 ...

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...

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...

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...

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...

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 ...

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...

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 ...

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 ...

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...

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...

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 ...

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...