It really has been a remarkable success, how inflation went up, has come back, and is around the target, said Kristin Forbes, an economist at MIT and a former official at the United Kingdom's central bank, the Bank of England.
Former Bank of England policy maker Kristin Forbes said the Fed would probably have to pick up the pace of its rate hikes. but added that any speed-up would be from what has been a historically very slow tightening campaign.
Date: Jan 07, 2018
Category: Business
Source: Google
Dovish or hawkish? Bank of England leaves traders confused after 'Super Thursday'
At the June meeting, the vote split was 5-3, but the more hawkish tilt was due to a different composition on the Monetary Policy Committee. Kristin Forbes, a hawk, has since been replaced with Silvana Tenreyro, who voted to hold the rate steady in Thursdays decision.
Date: Aug 03, 2017
Category: Business
Source: Google
Bank of England narrowly votes in favor of maintaining record low interest rates
economy ahead of Brexit talks.However, two BOE rate-setters joined last month's sole dissenter, Kristin Forbes, in voting for a 25 basis point rate hike. Michael Saunders and Ian McCafferty - the policymakers identified as the most likely to push for an increase in interest rates - defied Governor
Date: Jun 15, 2017
Category: Business
Source: Google
Bank of England Says Smooth Brexit Could Mean Faster Rate Increases
its latest policy decision and updated economic forecasts. The panel kept the benchmark interest rate at a record-low 0.25 percent, though Kristin Forbes dissented again, voting for an immediate increase. Others on the committee said it may not take much upside news for them to switch to her position.
Date: May 11, 2017
Source: Google
Bank of England MPC votes 8-1 to keep rates unchanged at 0.25% Forbes votes for a hike.
k to return inflation to the target over a somewhat longer period than usual. Eight members thought that the current stance of monetary policy remained appropriate to balance the demands of the Committee's remit. Kristin Forbes considered it appropriate to increase Bank Rate by 25 basis points.
Date: Mar 16, 2017
Category: Business
Source: Google
UK central bank seems increasingly concerned about inflation
The bank's Monetary Policy Committee voted to keep its key rate at 0.25 percent, a day after the U.S. Federal Reserve raised its benchmark rate. The vote was 8-1, with rate-setter Kristin Forbes voting for a rise to 0.5 percent.
Date: Mar 16, 2017
Category: Business
Source: Google
Carney's BOE Tenure Faces Awkward Moment as Closest Ally Departs
Now, Carney will have to find another COO, and the Treasury is on the search for two new interest rate setters. Kristin Forbes, the only other female member of the Monetary Policy Committee, is leaving the bank at the end of June.