Bank Of England Inflation Report Summary

Similar to central Bank’s quarterly forecasts, BoE's latest Agent Report shows consumer spending power had been hit by higher prices, and manufacturing export growth had risen which ‘mostly reflected the effects of the earlier decline in sterling’, also reflected in consumer goods price inflation markedly picking up through supply chains and into retail prices. Credit [...]

Inflation Report – Brexit

How Brexit will affect businesses and the economy in the near and far future remains an enigma and the most recent Inflation Report reflected such. As the Banks' way of stemming negative impact on the economy, the announcement of initiating a Corporate Bond purchase programme described the necessary investment grade bonds as ‘representative of issuance [...]
Being Left Out In The Cold By A Debit Card

Being Left Out In The Cold By A Debit Card

The Bank with a tagline: The Moments That Matter  experienced a technology ‘glitch’ (a description adopted for anything that has a wire attached, but doesn’t work) when a part of Lloyds Banking Group’s technology managed to disable some of their hundreds of thousands of customers from using debit cards and cash points over the weekend. Apparently, [...]
Business Finance Junction – July 2013

Business Finance Junction – July 2013

On July 1, former Bank of Canada Governor Mark Carney will replace Sir Mervyn King as Governor of the Bank of England with a first Monetary Policy Committee (MPC) meeting on July 3 and 4. Mr Carney sees that an important role for Central Banks is to offer “forward guidance” when the economy and monetary policy [...]