GBP MPC Member Vlieghe Speaks
BOE MPC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
MPC voting member Sep 2015 - Aug 2021;
- History
Expected Impact / Date | Description |
---|---|
Jul 26, 2021 | Due to speak about what we have learned in the past six years about demographics, debt, and distribution of income at the London School of Economics; |
May 27, 2021 | Due to deliver a speech titled "What government bond yields can tell us about future growth and inflation" at an online event hosted by the University of Bath; |
May 17, 2021 | Due to participate in a virtual panel discussion titled "What Next for Monetary Policy?" at an online conference co-hosted by Kings Business School and Qatar Centre for Global Banking and Finance; |
Feb 19, 2021 | Due to deliver a speech titled "An Update on the Economic Outlook" at the Durham Union Society; |
Jun 29, 2020 | Due to speak about tail risk and asset prices at a webinar hosted by the BOE; |
Apr 23, 2020 | Due to deliver a speech titled "Monetary policy and the Bank of England’s balance sheet," via satellite; |
Oct 15, 2019 | Due to speak about the low interest rate environment and the implications for monetary policy at an event hosted by the Money Macro and Finance Society, in London; |
Jul 12, 2019 | Due to speak at Thomson Reuters, in London. Audience questions expected; |
-
- GBP MPC Member Vlieghe Speaks News
- From bankofengland.co.uk|Jul 26, 2021
Good afternoon. Today’s public lecture will be my last as an external member of the Monetary Policy Committee, since my term comes to an end shortly. It has been a privilege to have served on the MPC in the past six years. When I joined the Committee, someone made the comment that it might not be that exciting a period in history to do this job, because the expectation at the time was that the economy would just continue to recover gradually from the financial crisis, and that interest rates would only rise very slowly, over a number ...
- From reuters.com|May 27, 2021
The British pound held firm near a three-month high against the dollar on Friday on rising expectations of an earlier than expected rate hike by the Bank of England, while the U.S. currency looks to upcoming inflation data. The British pound held firm at $1.4203 after a gain of 0.58% on Thursday after a Bank of England policymaker said the central bank was likely to raise rates well into next year. Gertjan Vlieghe also noted an increase could come earlier if the economy rebounds more quickly than expected. Against the euro, the pound ...
- From bkassetmanagement.com|May 27, 2021
After weeks of tier one economic reports from all corners of the world, the lack of market moving data outside of the Reserve Bank of New Zealand’s rate decision meant the possibility of quiet consolidative trade. However that was the complete opposite of what we saw this week as the central banks of New Zealand and the U.K. dropped hints of tightening. Sterling soared today on the back of Bank of England member Vlieghe’s comment that rates could rise as soon as the first half of next year if the job market recovers faster than ...
- From reuters.com|May 27, 2021|2 comments
The Bank of England could raise interest rates as soon as the first half of next year if the job market bounces back faster than expected, but it is more likely to wait until later in 2022, BoE policymaker Gertjan Vlieghe said on Thursday. Sterling strengthened against the dollar and euro, and British government bond yields rose after Vlieghe’s remarks, which are the most explicit to date about when the BoE might start to reverse pandemic-era stimulus measures. Vlieghe said he broadly agreed with BoE forecasts earlier this month that ...
- From bankofengland.co.uk|May 27, 2021
Long term interest rates have risen significantly over the past year. The yield on 10-year UK government bonds has risen by 75bp (0.75 percentage points) since last summer. Of that increase, 65bp took place just since the start of this year. These moves have not just taken place in the UK. The yield on 10-year US government bonds has risen by 110bp since last summer, of which 70bp since the start of this year. At the same time, there have been reported concerns about high levels of government debt, as well as rising inflationary ...
- From @AceMarketU|May 27, 2021
post at 7:21am: VLIEGHE: QE MAKES DEBT SERVICING COSTS SENSITIVE TO BANK RATE post at 7:20am: BOE VLIEGHE: A SIGNIFICANT INCREASE IN 5Y5Y RATES WOULD BE QUITE UNSETTLING. post at 7:20am: While Vlieghe is leaving the BoE. The fact that he is typically more dovish and is now pointing to scenarios where a hike in 2022 could be appropriate is noteworthy. Possibly giving a sense of where the more moderate MPC members stance lies https://t.co/mypGITP5cc
- From @stewhampton|May 27, 2021|14 comments
post at 7:04am: Hawkish from him BANK OF ENGLAND MPC'S VLIEGHE SAYS SHOULD THE TRANSITION OUT OF FURLOUGH HAPPEN MORE SMOOTHLY SOMEWHAT EARLIER RATE RISE WOULD BE APPROPRIATE post at 7:06am: BoE’s Vlieghe: Worry That The Transition Out Of Furlough Does Involve A Modest Rise In The Unemployment Rate, While The Economy’s Supply Potential Is Somewhat Less Adversely Affected, So That There Is Still Some Excess Supply post at 7:07am: BoE’s Vlieghe: Monetary Policy Will Focus On Medium-Term Outlook Rather Than Transient Factors post at 7:07am: BoE's Vlieghe - Tightening too early would be a much costlier mistake than tightening too late - Should the transition out of furlough happen more smoothly, somewhat earlier rate rise would be appropriate post at 7:07am: BoE’s Vlieghe: First Rise In Bank Rate Is Likely To Become Appropriate Only Well Into Next Year, With Some Modest Further Tightening Thereafter
- From @FinancialJuice|May 17, 2021
post at 12:07pm: BOE VLIEGHE: THIS YEAR, TRANSIENT BOTTLENECKS AND BASE EFFECTS ARE EXPECTED TO DRIVE UK INFLATION ABOVE TARGET FOR A WHILE. post at 12:10pm: BOE VLIEGHE: IT'S UNCLEAR IF FURLOUGHED EMPLOYEES WOULD RETURN TO WORK FULLY. post at 12:11pm: BOE VLIEGHE: OVER THE MEDIUM TERM, MONETARY POLICY WOULD BE CENTERED ON BRINGING INFLATION BACK TO TRACK. post at 12:11pm: BOE VLIEGHE: IN COMPARISON TO PREVIOUS DECADES, THE NEUTRAL RATE OF INTEREST IS VERY LOW.
Released on Jul 26, 2021 |
---|
Released on May 27, 2021 |
---|
Released on May 17, 2021 |
---|
- Details