Page 70 


Bank of England holds fire as inflation weighs

Bank Of England Building

The Bank of England (BoE) left its benchmark interest rate unchanged Thursday - as expected - as the prolonged risk of stubbornly low inflation pushes back expectations of an interest rate rise, with a hike in 2015 now looking less likely.

Roubini: Why QE isn't working

Nouriel Roubini Interview Pic

Unconventional central bank policies, including quantitative easing (QE) have failed to spur either inflation or growth as fiscal austerity continues to bite, Nouriel Roubini said in an op-ed for Project Syndicate.

BoE's Carney slams euro zone austerity

Mark Carney

Governments in the euro zone should loosen tough budgetary measures in order to promote growth and help restore normality in the region, according to the governor of the Bank of England (BoE).