Bank of England (BoE) Deputy Governor Ben Broadbent stated on Monday that there is a possibility of the central bank cutting its interest rates during the summer months.
"If things continue to evolve with its forecasts – forecasts that suggest policy will have to become less restrictive at some point –...
The United Kingdom's government announced on Thursday the naming of Clare Lombardelli as the Bank of England's (BoE) Deputy Governor for Monetary Policy (DGMP), a position she will take over from Ben Broadbent on July 1 and hold for the next five years.
Lombardelli, currently the...
Bank of England (BoE) Deputy Governor Ben Broadbent said during Tuesday's Treasury Select Hearing that the institution could cut interest rates sometime in 2024 but that it will first need to see more evidence that inflation is going down.
Furthermore, Broadbent added he disagreed that "all...
Bank of England Deputy Governor for Monetary Policy Ben Broadbent (pictured) mentioned on Monday that the United Kingdom will likely require a more consistent and conclusive decline in wage growth data before the Monetary Policy Committee (MPC) can confidently confirm that it is indeed on...
Bank of England (BoE) Deputy Governor for Monetary Policy Ben Broadbent said on Thursday that the easing consequences on the economy and inflation rates of the "tighter monetary policy" applied in the country may be having a "weaker" or "delayed" effect compared to previous...
Bank of England's Deputy Governor for Monetary Policy Ben Broadbent said on Saturday that the BoE predicts that second-round effects of high inflation will take longer to unwind than they took to emerge over the past two years. He added that monetary policy "will probably have to remain in...
Bank of England Deputy Governor Ben Broadbent (pictured) said on Tuesday that economic data does not back the claim that quantitative easing by the central bank "inevitably" results in "rapid growth of commercial bank deposits" which later leads to "excessive" inflation.
"Broad money grew more...
Bank of England (BoE) Governor Andrew Bailey described on Thursday the supply chain issue, energy prices, and food prices as the "big three" factors driving inflation up.
Speaking at a press conference following the BoE's decision to raise the key interest rate by 50 basis points, Bailey spoke about...
Bank of England (BoE) Deputy Governor for Monetary Policy Ben Broadbent remarked on Thursday that it is still unclear if the institution must raise interest rates "as much as the market sees" to combat the rising trend in inflation.
In a speech given at Imperial College in London, Broadbent noted...
Bank of England (BoE) Deputy Governor for Monetary Policy Ben Broadbent noted on Wednesday the institution cannot be sure at this very moment what is going to happen to interest rates in the future as they "are not an end in themselves" but a "means of meeting our objectives: the stabilization...
This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.
