Archiv: Bank of England


26.12.2018 - 18:11 [ Telegraph.co.uk ]

Is the era of central bank independence over?

The fortress walls of the Bank of England project an image of solidity, stability and impregnability. It matches the reputation it has tried to build over more than 400 years for sober analysis and, in recent years, steady impartiality.

Yet its defences have been infiltrated.

04.12.2018 - 12:13 [ Bloomberg.com ]

Carney Defends BOE’s Publication of Worst-Case Brexit Analysis

The BOE’s scenarios were more extreme than the government’s, and prompted criticism from some lawmakers, who accused Carney of undermining the BOE’s credibility.

04.12.2018 - 12:09 [ parliamentlive.tv ]

Treasury Committee: Tuesday 4 December 2018

09:15:02
Witnesses: Dr Mark Carney, Governor, Bank of England, Ben Broadbent, Deputy Governor for Monetary Policy, Bank of England, Sir Jon Cunliffe, Deputy Governor for Financial Stability, Bank of England, and Sam Woods, Deputy Governor for Prudential Regulation, Bank of England and Chief Executive Officer, Prudential Regulation Authority

09:15:01
Subject: The UK’s economic relationship with the European Union

01.12.2018 - 15:15 [ Jacob Rees-Mogg / Telegraph.co.uk ]

Theresa May’s broken promises and Mark Carney’s wild claims are damaging people’s faith in democracy

Although there has probably never been a golden age when a revered establishment was held in high regard both publicly and privately, the current position is worse than normal and continues to deteriorate.

The problem is that people are right to be distrustful, for there is an effort both to frighten and to gull them into acquiescing into a non-Brexit Brexit.

30.11.2018 - 09:13 [ CityAM.com ]

Critics accuse Bank of England of using its forecasts to play with politics

The Bank of England sparked a row today after publishing analysis of its ‘worst case Brexit scenario’ just 13 days ahead of a crucial Parliamentary vote on Theresa May’s deal.

29.11.2018 - 18:14 [ Spiked ]

Why the Brexit fearmongering won’t work – Elites have always tried to pit economic stability against democratic control.

The Remain campaign put economic risk front and centre – and they lost. And yet the anti-Brexit set still seem convinced that more gloomy prognostications will eventually bring Leave voters to their senses.

They’re wrong. So painfully wrong that it is hard not to put it down to pig ignorance.

29.11.2018 - 17:20 [ Spiked ]

Mark Carney’s Brexit catastrophism – This isn’t ‘forecasting’, it’s economic blackmail.

Yesterday, the UK government and the Bank of England separately presented their analyses of several different ‘scenarios’ for the UK economy after Brexit. Unsurprisingly, given the anti-Brexit prejudices in establishment circles, both conclude that the best result for us would be to remain in the EU.

29.11.2018 - 09:21 [ Sky News ]

Jacob Rees-Mogg savages ’second-tier‘ Mark Carney

(28.11.2018) Brexiteer Jacob Rees-Mogg has dismissed the governor of the Bank of England as „a second-tier Canadian politician“ who „got a job in the UK“.

29.11.2018 - 09:18 [ theGuardian.com ]

Bank of England chief is ‚enemy of Brexit‘, says Jacob Rees-Mogg

(25.10.2017) He added: “Mark Carney is one of the enemies of Brexit. He has opposed it consistently.”

Carney, the Canadian central banker who was handpicked in 2012 for his role at the Bank by George Osborne when chancellor, warned about the economic risks of Brexit during last year’s referendum campaign.

29.11.2018 - 09:13 [ @Dessousandmore / Twitter ]

Britische Zentralbank: Ohne Brexit-Deal bricht Wirtschaft zusammen – BILD

29.11.2018 - 09:13 [ Spiegel.de ]

Bei ungeordnetem Brexit: Bank of England warnt vor Mega-Rezession

Der Konjunktureinbruch wäre unter anderem auf zwei Dinge zurückzuführen:
– die befürchtenden Auswirkungen der Staus an den Zollstellen
– und ein Vertrauensverlust an den Märkten.

28.11.2018 - 21:17 [ n-tv Telebörse ‏/ Twitter ]

Bericht simuliert Chaos-Brexit: Bank of England zeichnet Horrorszenario

28.11.2018 - 21:08 [ Chris Giles , Economics Editor, FT / Twitter ]

My column: Politicians hoping for a TARP scenario to force Brexit through Parliament should take note of how little notice markets are taking of the BoE at the moment via @financialtimes

(23.11.2018)

28.11.2018 - 20:59 [ Alex Wickham, senior political correspondent @BuzzFeedUK ‏/ Twitter ]

Surprised more wasn’t made of the Sunday Times story that No10 is planning to encourage a crash in the financial markets. Now @peston also says that’s the plan:

(21.11.2018)

28.11.2018 - 20:48 [ theGuardian.com ]

Bank of England says no-deal Brexit would be worse than 2008 crisis

Bank warns of immediate economic crash, GDP to fall by 8%, unemployment to rise to 7.5%

21.11.2018 - 19:06 [ Sebastian Payne, @FinancialTimes political leader writer ‏/ Twitter ]

@Peston reporting that the May government is „banking on“ the stock market and sterling to tank if the Commons rejects her Brexit deal on first pass – the so-called „TARP scenario“ as outlined by @rbrharrison.

21.11.2018 - 19:01 [ Alex Wickham, senior political correspondent @BuzzFeedUK ‏/ Twitter ]

Surprised more wasn’t made of the Sunday Times story that No10 is planning to encourage a crash in the financial markets. Now @peston also says that’s the plan:

21.11.2018 - 18:56 [ itv.com ]

Theresa May’s cunning plan to get Brexit deal through Parliament

But MPs would then stare into the „abyss“, she said, recognise that a no-deal Brexit would be a disaster and another referendum too risky, and would then approve the deal – perhaps slightly modified – when brought back to them a second time.

This is what ministers refer to as the „TARP model“ – as recently coined by former government aide Rupert Harrison.

For the uninitiated, TARP was the US scheme to bail out bust banks after the Crash in 2008.

21.11.2018 - 10:27 [ Washington Post ]

Bank of England preparing Brexit deal verdict next week

Bank of England Governor Mark Carney gave a guarded welcome to Prime Minister Theresa May’s Brexit deal as he confirmed the bank would deliver its verdict on the agreement next week.

Addressing lawmakers Tuesday, Carney said the withdrawal agreement would eliminate some of the uncertainty that has surrounded the British economy since the country voted to leave the EU in June 2016. It would provide businesses the platform to plan and invest.

21.11.2018 - 10:19 [ Express.co.uk ]

Bank of England boss BACKS Theresa May’s Brexit deal, warns no deal would ‚SHOCK‘ economy

The Bank of England governor spoke to MPs on the Treasury Select Committee about the importance of there being a transition period for the UK’s divorce for the EU. Mr Carney warned that if there is no deal, then it could greatly harm the economy with the bank being unable to do much to rectify the damage. He told the committee:

12.10.2018 - 18:35 [ Reuters ]

At IMF-World Bank meetings, Powell praised as Trump calls Fed ‚crazy‘

The Bank of England governor and the head of the International Monetary Fund praised the abilities of Federal Reserve Chairman Jerome Powell on Thursday, after U.S. President Donald Trump said the Fed had “gone crazy” by raising interest rates.