Edmund Conway

The fallout of the past few days following the unveiling of Britain’s forward guidance policy calls to mind something a senior policymaker whispered to me shortly after Mark Carney was appointed. “Don’t forget,” this person said mischievously, “when push comes to shove he’s still a central banker.

[https://i1.wp.com/www.edmundconway.com/wp-content/uploads/2013/08/172046840-1-522x293.jpg?ssl=1] The new Bank of England Governor has pledged that the Bank will bring the Help to Buy scheme to an end if it threatens to create a housing bubble. In an interview with Sky News

[https://i0.wp.com/www.edmundconway.com/wp-content/uploads/2013/08/bankratelongest3.jpg?ssl=1] Interest rates since 1694, with rates extrapolated out to 2016. Source: Bank of England/Sky NewsWhatever you think about the pros and cons of “forward guidance”, you can’t really deny that this is a

A few quick thoughts before I head into the Bank of England lock-in on forward guidance. 1. The Inflation Report will never be the same again. Consider it – up until now, these quarterly reports have been hinged on the Bank’s inflation projections. Yes, they have been broad assessments for

The bold new world of UK monetary policy is drawing close – excited yet? The nine men who make up the Bank of England’s Monetary Policy Committee have been meeting yesterday and today to decide not just this month’s interest rate/QE decision but also, more significantly, the precise

Britain has had a housing crisis for years. I’m afraid if you were hoping Help to Buy was going to solve it, you’re going to be very disappointed. That’s the gist of my piece in the Times this morning, which, if you have a subscription, you can