The Bank of England will probably increase interest rates this year by the most since it gained independence in 1997 or face losing its credibility, Societe Generale SA Chief U.K. Economist Brian Hilliard said.
Thirty-five years ago this month, a U.K. central banker by the name of Peter Cooke was worrying about a surge in lending to developing countries.
Mark Carney will get a chance this week to explain what happened to forward guidance.
Mark Carney has the powers he needs to take the heat out of Britain’s housing market, if officials decide to deploy them when they next meet, economists said.
Bank of England Governor Mark Carney may be struggling to prevent Britain’s housing market from reaching what he calls “warp speed.”
The Bank of England’s battle with above-target inflation could make life difficult for Prime Minister David Cameron and his plan to cut the record budget deficit.