When will MPC act?
Sir, The minutes of the June 5 monetary policy committee meeting of the Bank of England, published this week, state that inflation excluding mortgage payments (RPIX) is likely to remain about or slightly above 2 per cent over the next few months. In fact the inflation rate announced on Tuesday was 1.8 per cent. Once again the MPC has overestimated the future rate of inflation and is maintaining a higher than
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary Policy
Turkey official inflation surges to nearly 70%
Finance minister Şimşek says inflation will peak in May and then decline
Neutral interest rates at pre-pandemic levels, Bank of Canada finds
Nominal neutral interest rates in both countries sit between 2.25% and 3.25%
Czech National Bank cuts rates by 50 basis points
Central European country follows in Hungary’s footsteps in easing
Bank of Russia holds rates
Nabiullina hints at significant fiscal change and says “inflationary pressure” remains
Pakistan holds interest rate ahead of IMF loan review
Central bank says inflation remains high even after dropping in March
Research probes US consumers’ dislike of inflation
People prefer inflation close to zero but may misunderstand the underlying processes, studies find
Thai prime minister tells lenders to cut interest rates
Move comes amid continued tensions between government and central bank
Ukraine cuts rates as inflation falls
Central bank is positive over foreign aid but says economic damage from war could worsen
Most read
- ECB staff speak out against changes to internal survey
- French president calls for expanded ECB mandate
- Central bank of the year: Central Bank of Brazil