Perspective News

Browsing posts from September 2011

28 Sep

Interest rate update

As policymakers continue to try to reconcile their concerns about the health of the UK economic recovery with their worries about inflation, UK interest rates have remained unchanged at their all-time low of 0.5% since March 2009. However, the nine members of the Bank of England’s (BoE’s) Monetary Policy Committee (MPC) voted unanimously for the[.....]

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27 Sep

Banking reform

The UK banking sector is set to experience “fundamental and far-reaching” changes following the publication of a report from the Independent Commission on Banking (ICB), chaired by Sir John Vickers. The report recommends that UK banks should ring-fence their retail banking operations from their investment banking divisions in order to protect retail customers and taxpayers.[.....]

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22 Sep

What is a ‘double-dip’?

Against a deteriorating economic backdrop, speculation about the likelihood of a “double-dip” recession has intensified. While a recession is generally defined as two consecutive quarters of negative growth, a double-dip recession occurs when an economy falls into recession, stages a recovery and then slips back into recession. Recessions can take a number of different forms.[.....]

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