Mark Carney has begun the inflation report. “The recovery has gained momentum,” Carney says. The first phase of forward guidance. The Monetary Policy Committee(MPC) set 7% unemployment rate threshold before even considering whether interest rates should be raise. “Forward guidance is working… uncertainty about interest rates has fallen,” Carney said. […]
Tag: Bank of England
ECB and Bank of England keep benchmark rates
The European Central Bank (ECB) today kept its benchmark interest rate unchanged at a record low following data suggesting that the economy in the single currency area maybe improving at last. Also Thursday, the Bank of England kept its monetary policy unchanged as seeks to produce new guidance on interest […]
Nigeria’s Central Bank Releases Financial Stability Report-June 2013
Global output was projected to grow at 3.1 per cent in 2013, the same rate as in 2012, owing to weak demand and growth in major emerging economies, persisting crisis in the Euro area, and weak expansion of the US economy. These factors, combined with improved supply of commodities, were […]
