Archive for the 'National Institute for Economic and Social Research' Category

BoE in no rush to hike interest rates

Speaking in front of the House of Commons’ Treasury select committee, the Governor of the Bank of England, Mervyn King, has reiterated that interest rates will stay at the historic low of 0.5% for some time to come.
Mr King said: “It’s right to keep our foot firmly on the monetary accelerator”, adding he is more [...]

July 28th, 2010 | Posted in All Financial News, Bank of England, Economy News, NIESR, National Institute for Economic and Social Research, Treasury Select Committee, growth, inflation, interest rates, long-term, on hold, recovery | No Comments

Think tank provides gloomy recovery prospects

Influential think tank, the National Institute for Economic and Social Research (NIESR), believes the economic recovery will be slower than the Government anticipates.
The new coalition Government is optimistic in its prediction for economic growth and expects it to be 2.3% next year and 2.8% the year after.
However, the Institute is forecasting that the economy will [...]

July 28th, 2010 | Posted in All Financial News, Economy News, Government, NIESR, National Institute for Economic and Social Research, growth, hamper, inflation, prospects, slower, spending cuts, think tank | No Comments