MPC Decision

The Bank of England’s Monetary Policy Committee has released the voting decisions and Minutes of the meeting which ended on 01 November 2017. The Minutes reveal that the Committee voted 7-2 to increase the Bank Rate to 0.50% per annum (from 0.25% per annum). Two members (Jon Cunliffe and Dave Ramsden) voted against the proposition…

ECB Decision

The European Central Bank left its benchmark rate at 0.00% per annum and its deposit rate at -0.40% per annum at the conclusion of its meeting today. The QE programme will continue at €60billion per month until the end of 2017 and will then be scaled back to €30billion per month until the end of…

MPC Decision

The Bank of England’s Monetary Policy Committee has released the voting decisions and Minutes of the meeting which ended on 14 June 2017. The Minutes reveal that the Committee voted 5-3 to maintain Bank Rate at 0.25% per annum and unanimously to; 1)  continue with the programme of sterling non-financial investment-grade corporate bonds purchases totalling…

Fed FOMC Statement

The Federal Open Market Committee issued its latest statement today. The vote to increase the borrowing target range by 25 bps to 1.00-1.25% from 0.75-1.00% was 8 to 1, with Minneapolis Fed president Neel Kashkari voting against the action, preferring no change in monetary policy. Kashkari also dissented at the March 15 meeting when the…