Bank of England Commentary

BoE's Haldane says that UK growth is steady around the trend rate; says now at point where UK output gap is close to be eliminated and can no longer afford to run the economy hot

Source: Newswires

3rd August 2018

 

BOE's Carney says on-going tightening is needed to bring CPI to target.

 

BOE's Carney says market yield curve implies gently rising rates

 

BoE Governor Carney says a few more rate hikes will be required in the coming years, nothing has changed about his personal plan to leave BoE in 2019, hike today was a correct decision.

 

 

BoE Governor Carney says that one rate hike a year for the next few years will more or less get inflation back to the 2% target over the horizon.

 

 

BoE Governor Carney says the BoE is prepared to cut interest rates back again, depending upon how Brexit negotiations go

 

 

4th August 2018

 

 

BoE Governor Carney says market expectations for rates moving to 1.5% over the next few years is not a bad rule of thumb.

 

 

5th August 2018

 

BoE’s McCafferty (Hawk) says we are starting to see rising inflationary pressures and says it is a reasonable rule of thumb to expect a couple more small interest rate hikes over the next couple of years.

 

 

8th August 2018

 

BoE’s Ian McCafferty says UK wage growth to reach 4% next year

 

  • Says the City was currently pencilling in two interest rate rises in the next two years but that the increases would probably be “front-end loaded”.

 

September 1st 2018

 

- BoE's Carney says if economy stays on path we will need more rate hikes

- He says expectations in markets and businesses is for a Brexit deal.

 

Source: BoE

 

September 26th 2018

 

BoE's Haldane says that UK growth is steady around the trend rate; says now at point where UK output gap is close to be eliminated and can no longer afford to run the economy hot

 

Source: Newswires

 

September 27th 2018

 

BoE's Ramsden says sees UK labour market tightness and rising prices pressure; personal view same as BoE guidance that limited and gradual rates are needed in the future.

 

  • He says wage growth since Brexit vote has been strikingly weak

  • He says likely will still pick-up as forecast in August

  • Notes market moves suggest investors increasingly unsure against 'downside' Brexit outcomes;  investors' moves to hedge against downside outcomes still small versus pre-Brexit vote

 

Source: Newswires