Browsing All posts tagged under »Monetary Policy Committee«

In Support the Bank of England on Monetary Policy

March 28, 2011

1

While reading the Office for Budget Responsibility‘s United Kingdom Economic and Fiscal Outlook – March 2011 over the weekend (yes, I had that much fun), I noticed the chart below: It shows the difference between the current rate of UK inflation (CPI) and an estimate of inflation had sales taxes (VAT and excise duty on […]

The Systematic Debasement of Sterling by the UK Government

December 15, 2010

0

Conventional wisdom suggests that the spectre of inflation has been defeated by the economic policy innovations of independent central banks and inflation targeting mechanisms. Indeed, despite prices of many types of goods and services currently rising – and expected to continue rising – as discussed in a recent post, many still believe that deflation is […]

The Emerging Split on the Bank of England’s MPC

September 29, 2010

1

The Bank of England’s Monetary Policy Committee (“MPC”) has maintained interest rates at current 0.5% level since March 2009 and its Asset Purchase Programme (a.k.a. quantitative easing) at £200bn since November 2009, the consensus amongst the committee members is now beginning to break down, creating uncertainty regarding the future direction of monetary policy.  One member […]