Bank of England

Constructive on credit – for now

The Bank of England's Sir Jon Cunliffe has warned bankers they are paid too much and should expect a pay cut following a sharp drop in banks' profits.

The Bank of England's chief economist has suggested interest rates could remain low for a protracted period without causing inflation to spike.

UK debt

Deflation defeated

Two members of the Bank of England's Monetary Policy Committee again voted to raise rates this month, minutes from the latest meeting show.

Kames Capital's David Roberts has warned delaying an interest rate hike any longer could cause the kind of inflationary shock last seen in the UK more than thirty years ago.

Bank of England governor Mark Carney has hinted interest rates could rise in the spring of next year as the UK economy continues to recover from one of the worst downturns it has ever faced.

There has been forward guidance, backtracking, and a lot of false starts, but as the world's largest economies continue to recover, the question over which developed region will raise rates first looms large.

Long division: The end of the MPC consensus