Greece Forms New Government
On Wednesday Greece managed to agree in principle to form a conservative coalition government, with three pro-bailout parties agreeing to cooperate and giving the coalition a majority of 179 seats.
BoE Could Pause QE
Adam Posen switched his vote on quantitative easing at the last meeting of the BOE Monetary Policy Committee, clearing the way for a possible pause in quantitative easing in May.
Bank of England Split on Stimulus
Monetary Policy Committee members Adam Posen and David Miles came down in favor of boosting stimulus, while the other seven members opted for a wait-and-see stance.
Larger Bank of England Stimulus Was Overridden
Two of the nine members of the Bank of England’s Monetary Policy Committee were outvoted at the committees last meeting when they sought to boost its stimulus to 75 billion pounds ($118 billion). The majority was concerned that such a move would cause alarm over the state of the economy...
Unemployment in Britain Hits Highest Point in 15 Years
Despite a determined pursuit of austerity measures to bring down its deficit, the U.K. is experiencing its highest unemployment level in 15 years coupled with a recovery that the National Economic and Social Research Institute called the “weakest of any since the end of the First World War.”
Bank of England Boosts QE
For the first time in nearly two years, the Bank of England increased its bond-buying program on Thursday, boosting the ceiling to 275 billion pounds ($421 billion) from 200 billion pounds as it said that slow growth worldwide and European unrest 'threaten the U.K. recovery.'
Bank of England Mulls Return to QE
The Bank of England may return to quantitative easing (QE) at some point as a stuttering recovery may need assistance, according to the Monetary Policy Committee (MPC) notes released Wednesday.