Assessing the impact of monetary tightening: a sectoral analysis of the UK and Scottish economies

Julia Darby, Heather Phillips

Research output: Contribution to journalArticle

Abstract

The Bank of England has increased interest rates by one quarter of a percentage point on three occasions since last summer, in August and November of 2006 and in January of 2007. January‟s increase in the base rate to 5.25% surprised many analysts, most of whom had expected the decision to be delayed until February. Although rates were kept on hold in February and March, most commentators are expecting a further increase in April or May.
LanguageEnglish
Pages53-58
Number of pages6
JournalQuarterly Economic Commentary
Volume31
Issue number3
Publication statusPublished - Apr 2007

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Sectoral analysis
Interest rates
Bank of England
Analysts

Keywords

  • Fraser of Allander Institute
  • monetary policy
  • monetary tightening
  • Scottish economy

Cite this

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Assessing the impact of monetary tightening : a sectoral analysis of the UK and Scottish economies. / Darby, Julia; Phillips, Heather.

In: Quarterly Economic Commentary, Vol. 31, No. 3, 04.2007, p. 53-58.

Research output: Contribution to journalArticle

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