UK Monetary Policy Report Hearings
BOE MPC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
During these hearings the BOE Governor and several MPC members testify on inflation and the economic outlook before Parliament's Treasury Committee. The hearings are a few hours in length and can create market volatility for the duration;
- History
Expected Impact / Date | Description |
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Feb 20, 2024 | |
Nov 21, 2023 | |
Sep 6, 2023 | |
May 23, 2023 | |
May 18, 2023 | |
Feb 9, 2023 | |
Nov 16, 2022 | |
Sep 7, 2022 | |
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- UK Monetary Policy Report Hearings News
There are "distinct signs of an upturn" in the UK economy - despite the country tipping into recession late last year, the governor of the Bank of England has said. Andrew Bailey told a committee of MPs he believed the downturn would be one of the most shallow recession events of modern times, while explaining the Bank's role in deliberately cooling demand in the economy to help ease inflation. He was speaking for the first time since the Office for National Statistics (ONS) - in an early estimate of gross domestic product between ...
post: UK BOE DEP. GOV. BROADBENT: GRADUAL EASING IN THE TIGHTNESS IN THE LABOUR MARKET IS ONE INDICATION THAT MONETARY POLICY IS NOW RESTRICTIVE. post: UK BOE DEP. GOV. BROADBENT: THE QUESTION HAS MOVED ON FROM ONE ABOUT THE DEGREE OF POLICY RESTRICTIVENESS TO ONE ABOUT ITS DURATION. THIS REMAINS HIGHLY UNCERTAIN. post: BROADBENT FROM BOE: INFLATION FORECASTS DON'T RULE OUT POSSIBLE POLICY EASING THIS YEAR post: BOE'S BROADBENT: TIMING OF ANY ADJUSTMENT CAN ONLY DEPEND ON ACTUAL ECONOMIC DATA EVOLUTION
post: BOE GOV. BAILEY: WE ARE LOOKING BEYOND THE TEMPORARY PERIOD WHEN WE EXPECT CPI TO RETURN TO TARGET THIS YEAR. post: BOE GOVERNOR BAILEY: ECONOMY AT FULL EMPLOYMENT IS POSITIVE NEWS post: BoE’s Bailey: Want To Get Inflation Down And Keep It Down - Encouraging Signs On Pay, Services Inflation - Don't Need Inflation At Target Before Rate Cut post: BOE GOV. BAILEY: I EXPECT BERNANKE TO PRODUCE A REVIEW IN THE MIDDLE OF SPRING.
post: BOE GOV. BAILEY: WE HAVE SEEN A WEAKENING IN DEMAND BUT ALSO A WEAKENING ON THE SUPPLY SIDE. post: BOE GOV. BAILEY: WE SEEING SOME INDICATIONS OF PICK UP IN ARREARS BUT FROM A LOW LEVEL.
post: BOE GOV. BAILEY: THE LATEST DECLINE IN INFLATION WAS GOOD NEWS. NEWS ON INFLATION WAS LARGELY AS WE EXPECTED. post: BOE GOV. BAILEY: FURTHER DECLINE IN FOOD INFLATION WILL COME IN 1Q. WE WILL THEN LOOK TO SEE SECOND ROUND EFFECTS UNWIND. post: BOE GOV. BAILEY: INFLATION WILL END YEAR A LITTLE LOWER THAN WE EXPECTED, BUT NOT BY MUCH. post: BOE GOV. BAILEY: WE'VE SEEN SOME WEAKENING ON THE QUANTITY SIDE OF LABOUR MARKET. post: BOE GOV. BAILEY: THERE ARE SOME SIGNS THAT WAGE GROWTH IS COMING OFF, BUT WELL ABOVE THE INFLATION TARGET AT A CONSISTENT LEVEL.
U.K. Treasury chief Jeremy Hunt says the government can afford to lower some taxes now that inflation is falling, but that any cuts will come along with a squeeze on welfare benefits. British media have reported that there will be relief for businesses and wealthy property-owners in Hunt’s autumn budget statement on Wednesday. Hunt told Saturday’s Daily Telegraph newspaper that the British economy had “turned the corner.” He said that “there is a path to reducing the tax burden, and a Conservative government will take that path.” ...
post: BOE GOVERNOR ANDREW BAILEY TO TREASURY SELECT COMMITTEE: MANY OF THE INDICATORS ARE SHOWING THAT INFLATION IS COMING DOWN QUITE MARKEDLY #bankofengland #andrewbailey #inflation #monetarypolicy #ukeconomy post: BOE GOV. BAILEY: THERE IS NOT GROUP THINK ON THE MPC AT THE MOMENT. post: BOE GOV. BAILEY: MONEY SUPPLY NOT A GOOD SHORT TERM INFLATION GAUGE. post: BOE GOV. BAILEY: QT IS NOT CAUSING MARKET DISTURBANCE. post: BOE'S BAILEY: IT IS POSSIBLE WE WILL GET A TICK UP IN INFLATION IN THE NEXT RELEASE
post: *BoE’s Dhingra: Policy is Already Sufficiently Restrictive post: *BoE’s Dhingra: Further Tightening Poses Serious Risk to Growth post: BoE’s Dhingra: Wage Growth Is One Of The Last Outcomes To Be Impacted In The Transmission Of Monetary Policy To The Real Economy - A Deferred Pass-Through Of Level Changes To Wages Would Not Necessarily Pose A Risk To Our Target In The Medium Term
Released on Feb 20, 2024 |
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Released on Nov 21, 2023 |
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Released on Sep 6, 2023 |
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