IBTimes.com : Bank of England Topic

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02/14/12--01:52: UK Inflation Falls to 3.6% in January (chan 1420184)

Inflation at lowest point since November 2010.


02/14/12--02:35: Inflation drops to lowest since November 2010 (chan 1420184)

Inflation dropped sharply in January as the effect of a rise in sales tax in 2011 fell away, backing Bank of England forecasts for a sharp easing of price pressure this year and providing some relief for cash-strapped consumers.


02/14/12--04:14: Instant view - Inflation falls in January (chan 1420184)

LONDON, FEB 14 - British consumer price inflation fell as forecast in January, the Office for National Statistics said on Tuesday.


02/14/12--05:00: BOJ Adds Stimulus. European Bourses Drop on Rating Downgrades (chan 1420184)

Financial markets fluctuated as investors were torn between Moody's downgrades and Greek's tapping of new tranche of funding. While shares in Asian climbed higher, European bourses slipped. The market worried that credit rating of France, the Eurozone's second largest economy will eventually be cut. In the commodity sector, WTI crude oil continued to rise while Brent crude slipped.


02/14/12--06:35: Britain's top rating looks set to survive despite threat (chan 1420184)

Britain's top-notch credit rating is expected to survive the threat of a downgrade because of the government's resolve to erase a huge budget deficit and the central bank's ability to print money.


02/14/12--11:14: Britain's top rating may yet survive (chan 1420184)

Britain's top-notch credit rating may survive the threat of a downgrade because economists still believe in London's resolve to erase a huge budget deficit and the central bank's ability to print money.


02/14/12--16:21: Bank's King to leave door open for more QE if needed (chan 1420184)

Bank of England Governor Mervyn King looks set to leave scope for further gilt purchases to boost the economy when he presents new economic forecasts later on Wednesday, but will resist calls to do more to kick-start bank lending.


02/15/12--00:07: Fundamental Precious Metals (2012-02-15) (chan 1420184)




02/15/12--03:35: U.K. Inflation Report stress on likelihood for inflation to undershoot the target (chan 1420184)

In the first quarterly Inflation Report for the year, the Bank of England outlined the ongoing weakness in the United Kingdom's economy due to ongoing debt crisis in the euro area and weakness in major export markets. The domestic recovery and spending remains confined with tight credit and fiscal c.


02/15/12--03:44: Britain 'Unprepared' for Greek Meltdown, Warns Mervyn King (chan 1420184)

Eurozone crisis following Greek default would put UK economic recovery at risk, says Bank of England.


02/15/12--04:49: Bank of England raises inflation forecast more than expected (chan 1420184)

The Bank of England raised its inflation forecast for two years time to around 1.8 percent on Wednesday, higher than most economists had expected, raising doubts about further quantitative easing.


02/15/12--05:00: Highlights - Recovery faces substantial headwinds - BoE's King (chan 1420184)

Bank of England governor Mervyn King said during the quarterly media conference to present the Bank's inflation report that Britain's economic recovery faced substantial headwinds.


02/15/12--05:00: Bank raises inflation forecast more than expected (chan 1420184)

The Bank of England raised its inflation forecast for two years time to around 1.8 percent on Wednesday, higher than most economists had expected, raising doubts about further quantitative easing.


02/15/12--05:21: Instant view - Bank of England inflation report (chan 1420184)

The Bank of England raised its inflation forecast for two years time to around 1.8 percent on Wednesday, higher than most economists had expected, and raising doubts about a further expansion of quantitative easing.


02/15/12--05:35: Bank of England's King says recovery faces headwinds (chan 1420184)

Britain's economic recovery faces headwinds from the unresolved euro zone crisis, the coalition government's spending cuts and tight credit conditions, Bank of England Governor Mervyn King said on Wednesday.


02/15/12--05:41: Morning Copper Market Report (chan 1420184)

While copper prices initially lifted higher during the overnight session, the market failed to sustain those initial gains. The copper market may have been initially lifted by news that the Chinese central bank indicated they would continue to buy European sovereign debt.


02/15/12--06:21: Bank leaves door for more QE ajar as recovery shaky (chan 1420184)

The economy faces substantial headwinds despite recent signs of recovery, Bank of England Governor Mervyn King warned on Wednesday, leaving the door to more stimulus slightly open after the bank presented new, higher inflation forecasts.


02/15/12--06:52: The Energy Report - Looking a Gift Horse in the Mouth (chan 1420184)

Low natural gas prices and the rising concern about oppressive regulation is putting in danger one of the greatest things that the US Economy has going for it. Directional drilling and the miracle of shale gas should be heralded as an economic and tenhchnological miracle but instead is being attacke...


02/15/12--06:58: GBP/USD — Trading the BOE Interest Rate Outlook (chan 1420184)

The GBP/USD comes into focus today as the Bank of England (BOE) holds a press conference in tandem with its quarterly outlook on interest rates today at 10:30am GMT. Normally a major market mover, traders pay attention to this event in order to forecast interest rate decisions, and impact on the value of the pound sterling.


02/15/12--08:54: Euro At Risk Of Major Decline, Sterling Propped Up By BoE (chan 1420184)

The Euro fell to a fresh weekly low of 1.3066 on rumors that European policy makers may look to delay all or parts of the EUR 130B bailout package for Greece, and the heightening risk of a Greek default is likely to dampen the appeal of the single currency as investor confidence remains frail.


02/15/12--11:42: Bank leaves door ajar for more QE (chan 1420184)

The economy faces substantial headwinds despite recent signs of recovery, Bank of England Governor Mervyn King warned on Wednesday, leaving the door to more stimulus slightly open after the bank presented new, higher inflation forecasts.


02/16/12--06:49: Default experts: the Greek sovereign debt gods (chan 1420184)

When a bankrupt Mexico stopped repaying foreign loans in 1861 after three years of civil war, Great Britain, France and Spain responded by invading the Mexican harbour of Veracruz.


02/16/12--09:00: Pound, euro or groat: Scotland's currency options? (chan 1420184)

If the people of Scotland use a promised referendum to end the 300-year-old union with England and vote for independence, one result could be the reappearance of the merk, groat or bawbee.


02/16/12--11:49: Cameron urges Scots to stay in UK by offering more (chan 1420184)

Prime Minister David Cameron delivered an impassioned plea to the Scots on Thursday in defence of the United Kingdom, enticing Scotland to reject independence with an offer to devolve more power to Edinburgh.


02/17/12--01:42: Retail sales post unexpected jump in January (chan 1420184)

Retail sales soared unexpectedly in January at the fastest pace since April 2011, as consumers splashed out on furniture and sports goods, official data showed on Friday, adding to signs that the economy is on course for recovery.


02/17/12--02:58: Retail Sales Show 'Staggeringly Strong' Growth of 1.2% (chan 1420184)

Economists and financial analysts caught out by surprise surge of retail sales figures across UK despite gloomy outlook.


02/17/12--04:00: Surprise jump in retail sales fuels recovery hopes (chan 1420184)

British retail sales soared unexpectedly in January as Britons splashed out on furniture and sports goods, adding to signs that the economy is returning to growth.


02/17/12--04:00: Retail sales post surprise jump in January (chan 1420184)

British retail sales unexpectedly rose in January, the Office for National Statistics said on Friday.


02/17/12--05:57: Morning Gold Market Report (chan 1420184)

Gold bulls might be coming into today somewhat disappointed that the market did follow yesterday's bounce off of early lows with a breakout to the upside, despite a generally upbeat economic outlook and stronger equity market action.


02/19/12--15:59: Diary: The RBA’s Big Week, Australian Earnings And Greece (chan 1420184)

The focus is likely to remain firmly profits (see the top story) and on interest rates with the Reserve Bank front and centre this week, led by Governor, Glenn Stevens.