BoE Watch No change in policy ahead of Inflation Report With GDP growth in Q3 coming in slightly above the MPC's forecast and unemployment falling more rapidly than expected, when the Committee might reconsider the stance of monetary policy has continued... 4th November 2013 · 1 min read
BoE Watch A quiet meeting in prospect Following a disappointing initial reaction to forward guidance, there could have been a case for the MPC to do more to support the recovery. But with expectations for the date of a rate rise having... 8th October 2013 · 1 min read
BoE Watch Split vote on QE to re-emerge The long-awaited introduction of forward guidance has probably not had quite the impact the MPC was hoping for. We think that some members will vote to resume quantitative easing (QE) this month... 2nd September 2013 · 1 min read
BoE Watch MPC to introduce stronger forward guidance The main event this month is likely to be the announcement of formal forward guidance. We expect the Monetary Policy Committee (MPC) to commit to keep official interest rates low until an unemployment... 29th July 2013 · 1 min read
BoE Watch New Governor to hit the ground running Despite the recent improvement in the economic data, there is still a strong case for the new Governor Mark Carney to give the economy additional support in order to boost the chances of the recovery... 1st July 2013 · 1 min read
BoE Watch MPC likely to remain in limbo June looks like being another month of no change for the Monetary Policy Committee. Although inflationary pressures have eased recently, the role of temporary factors means the Committee is likely to... 3rd June 2013 · 1 min read
BoE Watch King unlikely to get his way before he leaves Mervyn King looks unlikely to get his wish for more asset purchases fulfilled before he leaves at the end of June. Hopes therefore rest on Mr Carney spurring the Committee into action when he arrives... 7th May 2013 · 1 min read
BoE Watch More QE unlikely this month, despite remit change The minutes of March’s Monetary Policy Committee meeting suggested that those against doing more QE will not have their minds changed easily. And the remit change in the Budget ended up being fairly... 28th March 2013 · 1 min read
BoE Watch MPC close to doing more There is a reasonable chance that quantitative easing (QE) is resumed at this month’s Monetary Policy Committee (MPC) meeting. The Committee is taking a more flexible approach to the inflation target... 4th March 2013 · 1 min read
BoE Watch GDP drop may not push MPC into action Although a strong case could be made for resuming quantitative easing (QE) at this month’s Monetary Policy Committee (MPC) meeting, the Committee has given no indication that it is on the cusp of... 4th February 2013 · 1 min read
BoE Watch More QE likely this year, albeit not immediately The renewed pick-up in inflation and the tentative success of the Funding for Lending Scheme (FLS) mean that more quantitative easing (QE) does not look imminent. But if the economic stagnation... 7th January 2013 · 1 min read
BoE Watch Door still open to more QE Although the Monetary Policy Committee (MPC) voted to halt its quantitative easing (QE) programme in November, it has since turned out that policy is just being loosened in another way, namely via the... 3rd December 2012 · 1 min read
BoE Watch More QE ahead, whether this month or next year It will be a close decision at this week’s Monetary Policy Committee meeting. The latest business surveys suggest that the recovery is still struggling. But other economic data have been more positive... 5th November 2012 · 1 min read
BoE Watch Dismal growth picture suggests more stimulus likely With the £50bn of extra asset purchases announced in July still underway, there is no immediate pressure on the MPC to do more this month. Nonetheless, the increasing sense of gloom about the UK’s... 3rd September 2012 · 1 min read
BoE Watch Inflation Report to leave door open to more stimulus Having extended its asset purchases at July’s meeting, the Monetary Policy Committee (MPC) is unlikely to make any changes to its quantitative easing QE) programme this week. We expect more QE and a... 30th July 2012 · 1 min read
BoE Watch QE3 to get going There have been plenty of signals over the past few weeks that more quantitative easing (QE) is on its way. Although the Committee could wait until August’s Inflation Report, there seems to be little... 2nd July 2012 · 1 min read