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.
Bank of England Governor-designate Mark Carney’s signature stimulus policy is running into opposition from current and former U.K. central bankers.
Bank of England Governor Mervyn King is pulling policy makers closer to more stimulus as the central bank ramps up its response to the euro-area debt crisis.
U.K. government bond sales are set to fall to a six-year low as the strongest economic growth since 2007 boosts Prime Minister David Cameron’s tax receipts.
U.K. economists predict the Bank of England will keep its bond program and key interest rate on hold next week after above-target inflation prompted some analysts to bring forward forecasts for increases in borrowing costs.
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.
"It matters greatly whether they link to the pound."
- Brian Hilliard on Sep 15, 2014