QE less likely after Bank’s new outlook

first_img QE less likely after Bank’s new outlook whatsapp Wednesday 10 November 2010 8:41 pm Share KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutioncenter_img Show Comments ▼ GILT yields shot up after the Bank of England’s inflation report yesterday, with the market moving to price in lower expectations of further quantitative easing (QE). Yields on ten-year gilts jumped 14 basis points to 3.18 per cent from 3.04 per cent before the report was released and sterling rallied to over $1.60 against the greenback and to over €1.17 against the euro. In its first inflation report since the government’s comprehensive spending review, the Bank kept its GDP growth projections at the same level as in its August report, saying that it had already factored in the fiscal crunch.It forecast that growth would reach about 2.2 per cent next year and then rise to three per cent by 2012.But it pushed back the date by which it said consumer price inflation was likely fall below its two per cent target to 2013, cautioning that “the risk around its most likely path are judged to be skewed to the upside”. Its probability-weighted fan chart (see right) shows that it expects CPI to peak at about 3.4 per cent halfway through 2010 and then to fall to two per cent a year later.The combination of bullish growth projections and above-target inflation forecasts convinced City economists that a second round of QE is off the books for now.Ernst & Young’s Nida Ali said: “Further asset purchases are only likely to occur if there are clear signs that the recovery is relapsing.”But many also think that the report “left the door open” for QE if growth figures slow, with Capital Economics’ Vicky Redwood claiming it could still come as early as February.Most economists now expect interest rates to remain at their current 0.5 per cent level until late 2011, after which IHS Global Insight’s Howard Archer said they would rise only gradually. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img read more

EasyJet victory for Sir Stelios

first_imgThursday 17 February 2011 8:12 pm Show Comments ▼ whatsapp whatsapp Share KCS-content EasyJet victory for Sir Stelios More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com EASYJET shareholders, led by founder Sir Stelios Haji-Ioannou, gave the budget airline a bloody nose yesterday after withholding approval for last year’s board pay. Sir Stelios had called for investors to vote down the 2010 pay package, which gave former chief executive Andy Harrison a £1m lump sum on top of his salary even though he left the firm in July. Shareholder body PIRC advised investors to oppose the pay report because of Harrison’s award and “the excessiveness of the maximum potential awards,” and the vote against the measures passed by more than 10m votes at the firm’s AGM yesterday. “This morning’s result proves beyond doubt that I am not the only shareholder who feels that Andrew Harrison’s compensation package was undeserved and completely unjustified,” said Sir Stelios, who has a 26 per cent stake in the company but left the board for a second time last May in a dispute over strategy.It is thought that the firm cannot recall the payments, which were paid out to directors over a year ago.EasyJet said earlier in February that the remuneration vote was an advisory, non-binding resolution and therefore could not be defeated even if a majority of shareholders vote against it.Chairman Sir Michael Rake told shareholders at the meeting that the pay deals “were a one off and agreed in unusual and difficult circumstances”, referring to the departure of chairman and chief financial offer within weeks of each other in early 2009.EasyJet’s shares closed down 1.6 per cent at 377p, against an overall rise in the FTSE 250 index. Tags: NULLlast_img read more