Bank of England Chief Economist Andy Haldane has made some upbeat comments on UK household spending, as reported by Reuters, in light of the increasing cases of coronavirus in the country. Key Comments: “UK household spending has been remarkably resilient“. “There is an open question about whether voluntary or involuntary social distancing is holding back […]
Tag: BOE
Monetary policy bias is towards the introduction of more stimulus – Vlieghe
On Tuesday, Bank of England (BoE) policy officer Gertjan Vlieghe said that considering the outlook, the bias is towards the introduction of more stimuli. He quickly clarified that the Monetary Policy Committee (MPC) is not yet at a point where it can come to a conclusion on the application of negative interest rates. He indicated […]
BoE to expand QE next month, 40% chance of no-deal Brexit – Reuters poll
According to the latest Reuters poll of 78 economists, The Bank of England (BoE) is likely to push its quantitative easing next month to support the economy, which is struggling with the resurgence of the coronavirus and fears of a hard Brexit. Key Comments: “While the October 13-19 survey predicted growth of 16.7% last quarter, […]