News & Opinion
Branding Talks
Money
Economy
Good Stuff
THE QUICK OR THE DEAD
MICHAŁ DU VALL - PRAWO PATENTOWE
STEFAN PAPP: TRZEBA WYSIĄŚĆ Z PANCERNEGO POCIĄGU!
Trybunał za wzmocnieniem ochrony praw autorskich w Polsce
O społecznym sensie prawa z Profesorem Andrzejem Zollem rozmawia Judyta Papp
STEFAN PAPP: CO JEST W DRUGIM STWORZENIU?
AKTYWNY SĘDZIA - ZMIANY PROCEDURY KARNEJ
BP PIERONEK: STOIMY NA ROZDROŻU, CZY NA SKRAJU PRZEPAŚCI?
PROF. ELŻBIETA TRAPLE - YOU MAKE IT, YOU OWN IT
WE’VE GOT WHAT WE WANTED
CRACOW'S CORNERS: HISTORY AND LUXURY
STEFAN PAPP - THE PEOPLE CREATE THE DICTATORS...
 
   Nov 9, 2013
 
  •  UK IN SUSTAINED RECOVERY
The UK is in a sustained recovery and does not face major inflation risks, Bank of England policymakers have said.

Minutes from the Monetary Policy Committee's November meeting showed the nine members all voted to leave interest rates at 0.5%. The committee also signaled that it was in no rush to raise interest rates and might not do so immediately even after unemployment had fallen to 7%.
Last week, the bank said unemployment could fall faster than predicted. The committee said there were uncertainties over the durability of the recovery. It also said there were few signs that expectations of higher inflation were feeding into wage increases.
'There could be a case for not raising Bank Rate immediately when the 7% unemployment threshold was reached', The Bank of England said.
UK 'still vulnerable'
The committee also decided not to add to its monetary stimulus programme of quantitative easing (QE), under which it has already made L375bn of bond purchases between March 2009 and October 2012.
Unemployment in the UK stands at 7.6%, according to the Office for National Statistics, while inflation, as measured by the consumer prices index, fell to 2.2% in October. The Bank of England has said it expects to see growth of 0.9% in the fourth quarter. At the same time, business surveys and housing market indicators have reinforced the picture of improving economic conditions. But the minutes said household spending was still under pressure and the UK could be vulnerable to instability in the euro zone.
The UK economy remained vulnerable to disorderly adjustment in the euro area and some emerging economies. David Kern, chief economist at the British Chambers of Commerce, said: 'Businesses will be pleased with the unanimous decision to keep rates on hold, as well as the reiteration that reaching the 7% unemployment threshold will not automatically trigger a rate increase' and he added: 'The MPC's forecast for unemployment is optimistic, and while we expect growth to strengthen over the next few years, it is unlikely to be as rapid as the MPC expects.'

Source: BBC
Photo: Judyta Papp



Comment
Add Comment

 
News
•  The quick or the dead
On June 14, 1946, the United States representative to the Atomic Energy Commission
•  Lack of respect for its Judiciary
Media release by the President of the Judicial Conference of Australia 18th October 2016.
•  The U.S. to pivot to Indonesia
As America entertained itself with the vital questions of whether Hillary Clinton's
•  Arabization of Islam in Indonesia
It is a sign of the violent age we live in that there is a website in
•  What Putin Should say at the UN
Today, Russian President Vladimir Putin will address the United Nations General
•  Turkey and the Kurds
Exactly 95 years ago, the Ottoman Empire came to an end. On August 10, 1920
•  Iraq is not Iraq anymore
WASHINGTON - So, this is where we are in America today: the wealthy son of a
•  Pope on Pr. Abbas - The angel of peace
Pope Francis on Saturday referred to Mahmoud Abbas as 'an angel of peace'
•  Merkel calls For EU unity
German Chancellor Angela Merkel rejects Russia' breach of international law in
•  Soros sounds wake-up call on ukraine
First it was Jimmy Carter, and now it’s George Soros-Obama’s 'no stupid stuff'
•  EU's course: losing Ukraine
It took the shooting down of a Malaysian commercial aircraft by pro-Russian
•  How EU and USA discuss commerce
The trade agreement negotiations between the EU and USA are being handled
•  EU with Ukraine, Georgia, Moldova
The European Union signed free-trade and political cooperation agreements
•  Ukraine elects a new leader
The US takes a 'wait and see' approach after Ukraine elects a new president
•  The great Chancellor speech
German chancellor Angela Merkel has warned that Moscow's annexation of
•  Poland and the eurozone
Professor Marek Belka President of the National Bank of Poland comments on
•  Unconventional monetary policy
The European Central Bank ready to fight deflation keeps close eye on euro
•  Ukraine demands, Russia supplies
Before we get too far in this subject, I want all of the readers to understand
•  New laws in Ukraine
A peaceful anti-government protest in Kyiv descended into chaos when clashes
•  Poland among the wealthiest
According to both our and international calculations, it is a plausible target.
•  The Maidan of victory?
In the past, Maidan was a dwelling place of forest workers, a place were felled
•  UK in sustained recovery
How many of us are aware that Poland - after more than a hundred years
•  Our independent. But what?
On 14th October 2013, the Royal Swedish Academy of Sciences awarded the
•  Nobel Prize in Economy awarded
How many of us are aware that Poland - after more than a hundred years
•  Germany to receive gas from Qatar
On Wednesday, the German concern E.ON signed a five-year-long contract for the
•  Syria - a step from war
•  Poland on intervention in Syria
•  Syria and oily priorities

For advertising contact us at: ads@pr-controlled.com


© 2017 Judyta Papp Ltd., All rights reserved.