A week and a day ago the European Central Bank announced further interest-rate cuts and signalled future purchases of Asset Backed Securities and Covered Bonds in a bid to boost the Euro area economy. At the forefront of the minds … Read More
What is there not to like about falling commodity and oil prices boosting output and reducing inflation?
The past few weeks have seen something of a sea change in the way that commodity prices are impacting on our economies. If we look back 2014 opened with some substantial rises as for example the price of basic foodstuffs … Read More
Today I intend to take one of my regular trips to the economy of the land of the rising sun which is in the throes of a rather extraordinary economic experiment. Japan is undertaking an extraordinary monetary – and less … Read More
Today appears to have opened with the UK establishment in full meltdown mode. Indeed they seem also to have plunged us into a Star Trek style wormhole as it sounds as though Gordon Brown is back in charge as Prime … Read More
Today has opened with financial markets responding yet again to fears or depending on your position hopes of a Yes vote for Scottish Independence on the 18th of this month. The initial cause was a YouGuv poll published on Sunday … Read More
Yesterday saw Mario Draghi and the European Central Bank take centre stage as new expansionary monetary measures were announced. The opening salvo is shown below. The interest rate on the main refinancing operations of the Eurosystem will be decreased by … Read More
Today the Bank of England Monetary Policy Committee meets to make its latest decisions and deliberations on UK monetary policy. It may even spend a little time discussing how its policy might change if later this month it becomes responsible … Read More
Yesterday saw a clear change in the way that financial markets are responding to the possibility of Scotland voting yes to Independence on September 18th. There were several factors in this which include the fact that the date itself is … Read More
Last night at 11pm British Summer Time the latest transfer window for the UK football premiership closed. I would say slammed shut but in fact some deals such as the move of the England international Danny Welbeck to Arsenal had … Read More
On Friday I took a look at the UK housing market and today I wish to look at an associated area which is UK monetary policy. The underlying state of play has been expansionary for quite some time as we … Read More
Shaun Richards is an independent economist who studied originally at the LSE. His speciality is monetary economics and he uses it to analyse current economic trends. He started his career in the City of London in 1985 and brings his trading experience in bond, currency and derivative markets to his analysis of current economic events. Follow him on twitter @notayesmansecon.