Credit spreads: capturing credit conditions facing households and firms

Nick Butt () and Alice Pugh ()
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Nick Butt: Bank of England
Alice Pugh: Bank of England

Bank of England Quarterly Bulletin, 2014, vol. 54, issue 2, 137-148

Abstract: Changes in credit conditions have been one of the main headwinds affecting the UK recovery since the financial crisis. The likely path of credit spreads is a key determinant of the Monetary Policy Committee’s projections for output and inflation. This article explains how staff at the Bank of England calculate measures of credit spreads which can be used to help inform the Monetary Policy Committee’s central macroeconomic projections.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:boe:qbullt:0138

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