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Blog With Tag boe

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A View from the Bridge - May 2018

The Bank of England left interest rates unchanged at its May meeting. Markets had largely written off any probability of an increase following the BOE Governor’s BBC interview in late April where he alluded to weaker Q1 growth and Brexit uncertainty delaying the prospect of higher interest rates. The inflation report itself provided very little in terms of guidance as to the timing of the next interest rate increase, forecast inflation was revised down slightly due to the lower than expected outturns since the last forecast round.

PegasusCapital - Mon 18th Jun

A View from the Bridge - Aug 2017

Yesterday’s FT article, which appeared on page 2 of the printed edition, highlighted the Bank of England’s concerns over interest rate complacency. It is worth noting that the BOE were given the inflation data on Friday, as this was stated by the ONS in this morning’s release and it is also likely that preliminary wage data was furnished at a similar time therefore, yesterday’s article could be viewed as more of a response to incoming data as opposed to simply being a generic argument about market complacency.

PegasusCapital - Sun 10th Sep

A View from the Bridge - February 2017

So, the fingers are on the triggers and we are ready, steady and all set to go with the UK about to trigger Article 50 and the US Fed set to trigger the next interest rate rise. What that could mean for both economies will clearly play itself out over the coming months and years but there are already signs of divergence in the outlook for both.

PegasusCapital - Thu 2nd Mar

A View from the Bridge - Aug 2018

The Bank of England has raised interest rates above 0.5% for the first time since March 2009, although this is still the first-time rates have been set at 0.75%, base rates were cut from 1% to 0.5% as part of the ongoing emergency response to the financial crisis. The 0.25% increase follows the removal in November of the emergency cut to 0.25% delivered in the aftermath of the Brexit vote.

PegasusCapital - Mon 6th Aug