Monthly Archives: July 2013

A look back at the March HMT Review of the MPC remit

Posted on July 8, 2013 by

This post takes a look back at the Treasury’s review of the Monetary Policy Committee’s Remit, published in March.  This might seem like old news.  But it is soon to be highly topical, as one of the outcomes of the … Continue reading →

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Forward guidance on forward guidance?

Posted on July 4, 2013 by

There are two ways to read today’s statement by the Bank of England’s Monetary Policy Committee, accompanying its decision to do no more QE, and leave rates at their agreed floor. One is that it is advance warning (forward guidance) … Continue reading →

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Why forward guidance could be a step backward

Posted on July 2, 2013 by

Mark Carney’s arrival as Governor, and his well publicised support for the policy of ‘forward guidance’, has had markets guessing whether he will be able to sway other Monetary Policy Committee (MPC) members to pursue this in the UK. ‘Forward … Continue reading →

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