Professor Tim Congdon, the founder of the Institute of International Monetary Research, discusses the link between money and national income, and explains the website.
Federal Open Market Committee, 20/9/2023 Federal Open Market Committee meeting, US Fed. 19-20/09/2023 Fed Funds Rate left unchanged for now. The Federal Open Market Committee voted keep the Fed Funds Rate at 5.25% - 5.5% during its meeting on 19th and 20th September. Already borrowing costs are at their highest level in more than … Continue reading Federal Open Market Committee 27/7/2023
Monetary Policy Committee meeting, Bank of England 21/09/2023 Monetary Policy Committee meeting, Bank of England. 21st September 2023 Bank Rate held at 5.25%. For the first time since 4th November 2021, the Bank of England’s Monetary Policy Committee (MPC) voted to keep Bank Rate unchanged at 5.25%. This rate is the highest level … Continue reading BofE Monetary Policy Committee 21/09/2023
Governing Council meeting, ECB 14/09/2023 Governing Council meeting, ECB. 14th September 2023 ECB raises rates by a further 0.25% The ECB’s Governing Council raised all three of its key interest rates by a further 0.25% at its meeting on 14th September in what can be described as a dovish hike. This is the tenth back-to-back … Continue reading ECB Governing Council 14/09/2023
Monetary Policy Committee meeting, Bank of England 3/08/2023 Monetary Policy Committee meeting, Bank of England. 3rd August 2023 Bank Rate increased for a record 14th time. The Bank of England’s Monetary Policy Committee voted to raise Bank Rate by 25bps at its meeting on 3rd August. It now stands at 5.25%, the highest … Continue reading BofE Monetary Policy Committee 03/08/2023
Federal Open Market Committee, 27/7/2023 Federal Open Market Committee meeting, US Fed. 26-27/07/2023 Further increase in the Fed Funds Rate. After voting to pause its tightening cycle at its June meeting, the Federal Open Market Committee voted unanimously to increase the Fed Funds Rate by 25bps to 5.25% - 5.5% during its meeting on … Continue reading Federal Open Market Committee 27/7/2023
Governing Council meeting, ECB 27/07/2023 Governing Council meeting, ECB. 27th July 2023 ECB raises rates by a further 0.25% The ECB’s Governing Council raised all three of its key interest rates by a further 0.25% at its meeting on 27th July, as widely expected. This is the ninth back-to-back increase in the cost of borrowing … Continue reading ECB Governing Council 27/07/2023
Monetary Policy Committee meeting, Bank of England 22/6/2023 Bank Rate increased by a further 0.5%. The Bank of England’s Monetary Policy Committee voted to raise Bank Rate by 50bps at its meeting on 22nd June. This is the thirteenth consecutive increase in borrowing costs, which have now risen from 0.1% to 5% since … Continue reading BofE Monetary Policy Committee 22/6/2023
Federal Open Market Committee, 14/06/2023 Federal Open Market Committee meeting, US Fed. 13-14/06/2023 Fed pauses rate hikes but asset run-off continues. As widely predicted, the Federal Open Market Committee voted unanimously to keep the Fed Funds Rate unchanged at 5% - 5.25% during its meeting on 13th and 14th June. This is the first … Continue reading Federal Open Market Committee 14/06/2023
Governing Council meeting, ECB 15/6/2023 Governing Council meeting, ECB. 15th June 2023 ECB raises rates by a further 0.25% Emphasising that inflation had remained “too high for too long”, the ECB’s Governing Council raised all three of its key interest rates by a further 0.25% at its meeting on 15th June. Prices rose by 6.1% … Continue reading ECB Governing Council 15/6/2023
Monetary Policy Committee meeting, Bank of England 11/5/2023 Monetary Policy Committee meeting, Bank of England. 11th May 2023 Bank Rate increased by a further 0.25%. The Bank of England’s Monetary Policy Committee voted to raise Bank Rate by 25bps at its meeting on 11th May, as widely expected. This is the twelfth consecutive increase … Continue reading BofE Monetary Policy Committee 11/5/2023