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

Julia Darby; Heather Phillips

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

Julia Darby, Heather Phillips

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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.

Original language	English
Pages (from-to)	53-58
Number of pages	6
Journal	Quarterly Economic Commentary
Volume	31
Issue number	3
Publication status	Published - Apr 2007

Keywords

Fraser of Allander Institute
monetary policy
monetary tightening
Scottish economy

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FEC_31_3_2007_DarbyJPhilipsHFinal published version, 468 KBLicence: Unspecified

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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.",

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KW - Scottish economy

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

Abstract

Keywords

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