Was the Governor flip-flopping on interest rates?
Mark Carney is saying that in order to stop inflation overshooting the target, we might have to start raising rates more quickly or more steeply than yesterday’s report would imply.
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Krishnan Guru-Murthy sat down with Mark Carney, Governor of the Bank of England following their decision to raise interest rates despite opposition from some business groups.
Interest rates are today the highest they’ve been in nine years. The rise – announced by the Bank of England earlier – takes them from 0.5 to 0.75 per cent. That’s back above the level set by the Bank of England just after the financial crisis in 2008. Our Political Correspondent, Michael Crick has travelled…
Interest rates have now been on hold for the longest period in living memory, but all that could end tomorrow when the Bank of England is expected to put up base rates for the first time in a decade. The increase is likely to be fractional, but the psychological shift could be far more profound.…
Interest rates are to stay on hold, at the record low of 0.25%. But the Bank of England gave its strongest hint yet that rates may have to go up within months to curb rising inflation.
The Bank of England came close to delivering a big shock today, when three members of its Monetary Policy Committee voted to raise interest rates.
In the last hour, America’s Federal Reserve has raised its benchmark interest rate for the second time in three months, a sign that the US economy is growing healthier.
Mark Carney is saying that in order to stop inflation overshooting the target, we might have to start raising rates more quickly or more steeply than yesterday’s report would imply.
At least one member of the Bank of England’s monetary policy committee voted for an increase in interest rates in the August meeting, the minutes of the meeting reveal today.
The Bank of England’s chief economist, Andy Haldane, has suggested that interest rates are unlikely to rise from their historically-low levels before the middle of next year.
After more than five years at record low levels, an interest rate rise could be on its way. But why has the Bank of England suggested it and what effect would it have?
Bank of England Governor Mark Carney ditches his flagship interest rates policy, but says the cost of borrowing is unlikely to rise in the near future despite falling unemployment.
Unemployment falls by 167,000 to reach a five-year low of 2.32 million. The jobless rate is now 7.1 per cent, just above the level that could trigger an interest rate rise.
The payday lender Wonga unveils profits of £1m a week as the number of customers willing to pay its high interest rates rises to more than a million.
The new governor of the Bank of England tells a business audience that interest rates are unlikely to rise in the next few years, but action could be taken to prevent a house price boom.
The new Bank of England governor’s pledge to keep interest rates low until unemployment falls is a big innovation – and a signal to the British public to spend, writes Economics Editor Faisal Islam.