A monetary policy shift tends, generally, to transmit a change for the future in the expected behaviour of macroeconomic variables from their initial position, alter in the process the behaviour of economic agents and, finally, create a new equilibrium position, hopefully, in the direction expected by the central bank in […]
Tag: Monetary Policy
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 […]
Bank of England holds course on rates as economy picks up
The Bank of England left monetary policy unchanged on Thursday, sticking to its plan to keep interest rates at a record low until the country’s surprisingly fast economic recovery broadens out. Britain has moved from a laggard to a leader in terms of growth among the world’s biggest economies last […]
