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CAGE-SMF briefing: The Bank of England, interest rates and the UK economy

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CAGE-SMF briefing: The Bank of England, interest rates and the UK economy

Prof. Michael McMahon discussed the first interest rate rise in over a decade…

CAGE-SMF briefing: The Bank of England, interest rates and the UK economy

On 2 November, the Bank of England raised interest rates for the first time in over a decade. The Bank had signalled its intentions well in advance, yet reaction to the rise was mixed, with many commentators questioning its timing.

In this joint briefing by the Centre for Competitive Advantage in the Global Economy and the Social Market Foundation, Professor Michael McMahon will draw on his research to explore a number of issues surrounding the Bank of England’s recent actions, including:

  • What do the Bank of England see that made them increase interest rates?
  • Why did the Bank decide to signal the move in advance?
  • Financial markets, and particularly the exchange rate, reacted in the “wrong way” to the interest rate increase. Why?
  • Should we expect to see further interest rate increases in the coming months?
  • The Bank of England has just launched a new version of its quarterly Inflation Report, aimed at a broader audience. Why is the Bank trying to communicate beyond its usual audience of financial journalists and market participants?

Date & time

Monday 13 November, 12:30 – 13:30
Refreshments will be served from 12:00

Location
Social Market Foundation
11 Tufton Street, SW1P 3QB

If you would further information on this event please contact Tracy Evans, CAGE Communications Manager.