Monetary Policy Reports News Today : Breaking News, Live Updates & Top Stories | Vimarsana

have voted to maintain bank rates at 5.25%. monetary policy remains restrictive. let me be clear, there is absolutely no room for complacency. inflation is still too high. we will keep interest rates high. we will keep interest rates high enough for long enough to make sure we get inflation all the way back to the 2% target. we will be watching closely to see if further increases are needed but even if they are not it is much too early to think about rate cuts. i'm going to talk about inflation over the coming months and that i will turn to the outlook for the economy further ahead. ...

With the money supply coming back into prominence, its interesting to look back at a time when monetarism was front and centre in the political debate.

In a speech today, BoE Deputy Governor Ben Broadbent indicated that if current forecasts hold, which suggest that monetary policy will need to become "less restrictive at some point", a rate cut could occur "over the summer".

Global financial markets are trading with a risk-on sentiment today, starting from the Asian session and continuing through the European and early US sessions. However, gains in stocks have been relatively limited, partly constrained by recovery in benchmark treasury yields, and partly capped by low trading activity.

The Bank of England needs to face more Parliamentary scrutiny and have its remit "pruned" to ensure that independence works as effectively as possible, a new report argues.