How the UK Election could affect the price of gold
Gold may be about to benefit from a double whammy: rising dollar gold prices and a weaker pound.
Gold may be about to benefit from a double whammy: rising dollar gold prices and a weaker pound.
The Bank of England did not explicitly mention Marine Le Pen in its report but the subtext was clear enough.
The Old Lady needs a trim. There are two excellent economic reasons for going ahead with a cut now.
The microscope is on the Bank of England like never before.
A big task for the Bank of England’s over the next few years will be resisting political pressure to impose quicker, more drastic cuts.
The Bank of England’s policy-making failures reflect problems with the Monetary Policy Committee, not its forecasting models.
As Britain enters recession, the Bank should listen to its former top economist: it risks being too slow to cut interest rates, just as it was too late to raise them.
Today was the first time since the 2020 pandemic that an economist from the Monetary Policy Committee voted to cut interest rates.
Taking monetary policy out of politicians’ hands was the right move. But the framework in which the bank operates can still be improved.
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