Britain lost its top credit rating by Moody’s Investors Service, which cited weakness in the nation’s growth outlook and challenges to the government’s fiscal consolidation program.
When Mark Carney finally begins to lift Bank of England interest rates from a record low, his plan for a gradual tightening suggests changes no faster than once every three months.
Bank of England Governor Mervyn King ’s forecast for persistent inflation led economists to speculate that policy makers are reversing their shift toward adding more stimulus .
Bank of England policy makers may consider the need for more stimulus today in case global market strains worsen, setting aside inflation risks as the recovery threatens to unravel.
Mark Carney will get a chance this week to explain what happened to forward guidance.
U.K. services growth maintained its pace of expansion in September, capping the best quarter for the industry in 16 years with an increase in confidence and hiring.
"The headline rate could fall below zero in the coming months."
- David Tinsley on Jan 13, 2015