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Sterling rose on Thursday after a slight uptick in inflation expectations,
though analysts still expected economic and political concerns to keep the
pound under pressure ahead of an upcoming general election.
Want a risk-free and profitable trade, asks FT Alphaville? The Bank of England’s financial stability guru, Andrew Haldane, proffers up two riskless arbitrage examples as…
Here they are — two examples of risk-free and profitable trades (really) courtesy of the Bank of England’s financial stability guru, Andrew Haldane.
It’s just…
The Bank of England may have made some mistakes, but there was little anyone could do to prevent the financial tempest.
At least, that’s the view of MPC committee member Kate Barker,…
Economic recovery in Britain is “broadly on track” but the road
ahead is likely to be bumpy, according to a leading Bank of England
policy-maker.
The great UK bank gilt-buying spree may not materialise. British lenders had
been seen as key buyers of the forthcoming flood of UK government bonds. But
the recent figures suggest not all banks will need to buy much more. Given
that the Bank of England has also halted its gilt splurge, this could have
significant consequences for the government’s borrowing costs.
Have a look in your wallet: any £20 notes with the image of Edward Elgar on
them will not be legal tender after June 30 this year.
Last week an important anniversary passed quietly by. It is a year since the
Bank of England started its programme of asset purchases, generally referred
to as Quantitative Easing (QE). Over the year, the Bank has bought £200bn of
assets, mainly government bonds (gilts). Has this policy worked?
The Bank of England’s monetary policy committee voted on Thursday to hold interest rates at 0.5% and not to extend its £200bn quantitative easing programme of cash injections into the economy….
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