Posts Tagged ‘mark carney’
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Carney Looks to Cool Housing Market; GBPUSD Holds Above 1.7000

by Christopher Lemieuxon June 26, 2014 11:15 am GMT
The ever-increasing housing prices in the United Kingdom has prompted the Bank of England (BoE) to take action to cool the housing market in order to avoid potential bubble-like risks. BoE Governor Mark Carney announced this morning that the central bank will intervene in the lending process and limit the number of riskier mortgages in […]

Bank of England Kept Key Rate at .5 Percent

by Christopher Lemieuxon June 5, 2014 12:25 pm GMT
The Bank of England (BoE) has decided to keep the benchmark rate at .5 percent, a level left unchanged since 2009. The central bank will leave asset purchases at £375 billion. The BoE Monetary Policy Committee (MPC), a nine-person panel, are divided on whether or not to begin rising borrowing costs. An increase in rates have been […]

Sterling Modestly Higher After CPI Data

by Christopher Lemieuxon May 20, 2014 10:30 am GMT
Sterling is modestly higher against the greenback after data shows that inflation in the United Kingdom picked up more than forecasted, ticking up higher to 1.8 percent versus analyst expectations of 1.7 percent. Core inflation, year-over-year, increased to two percent, moving up .4 percent from the previous month and .2 percent higher than estimates. The […]

The BoE Aims to Reign in Housing Market, Proposes Income Cap

by Christopher Lemieuxon May 19, 2014 8:10 am GMT
As the housing market in the United Kingdom continues dominating the global market, the Bank of England (BoE) will look to impose unprecedented steps in order to get a handle on the sector and avoid a potential catastrophic bubble. BoE Governor Mark Carney hinted that the central bank could implement a limit capital for borrows […]