Markets and operations 2014 Q1

Thomas Belsham (thomas.belsham@bankofengland.co.uk)
Additional contact information
Thomas Belsham: Bank of England

Bank of England Quarterly Bulletin, 2014, vol. 54, issue 1, 76-87

Abstract: The review period saw an improvement in the growth prospects of some developed economies with an associated rise in financial market prices. The relatively strong outlook for the United Kingdom also led to an increase in sterling short-term interest rates. Idiosyncratic risks in emerging market economies resulted in a bout of turbulence during the review period. In the February Inflation Report the Bank’s Monetary Policy Committee (MPC) provided further guidance on the likely path of its policy once the unemployment threshold of 7% was reached. The MPC judged that there was scope for the UK economy to recover further before Bank Rate was raised and, even when Bank Rate did rise, it was expected to do so only gradually and to a level materially below its pre-crisis average of 5%. The year end saw some volatility in money markets internationally. This included sharp falls in UK overnight interest rates.

Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.bankofengland.co.uk/-/media/boe/files/ ... 8FEA6EAB68F1B1D5D1D4 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:boe:qbullt:0134

Access Statistics for this article

Bank of England Quarterly Bulletin is currently edited by Lindsey Fowler

More articles in Bank of England Quarterly Bulletin from Bank of England Publications Group Bank of England Threadneedle Street London EC2R 8AH. Contact information at EDIRC.
Bibliographic data for series maintained by Publications Group (mapublications@bankofengland.co.uk).