Notayesmanseconomics's Blog
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Blog by Shaun Richards. I am an independent economist who studied at the London School of Economics. My speciality is monetary economics and I analyse current economic trends.
Notayesmanseconomics's Blog
2d ago
This morning has brought another example of the contrary times in which we live. After yesterday’s news from the Reserve Bank of Australia which may be mulling another interest-rate rise we received this from the world’s oldest central bank. Inflation ..read more
Notayesmanseconomics's Blog
1w ago
On the surface this has been a quiet week for the Bank of England along the lines of the Norges Bank of Norway which has just voted to keep interest-rates at 4.5%. But as I pointed out yesterday its QE ..read more
More and more problems are emerging with the QE programme the Bank of England presented as a triumph
Notayesmanseconomics's Blog
1w ago
Last night brought some bad news for the QE programmes employed by the world’s central banks and ironically it came from the world’s main central bank. The Federal Reserve has signalled that US borrowing costs are likely to remain higher ..read more
Notayesmanseconomics's Blog
1w ago
Today is Federal Reserve day when just after 7pm (they are usually late) we learn the interest-rate decision of Jerome Powell and his colleagues. On the surface not much is expected which is highlighted by the front page of the ..read more
Notayesmanseconomics's Blog
1w ago
As the day started and we reached a minute past midnight there was some very welcome news for the Bank of England. INFLATION BROUGHT TO A HEEL The headline from the British Retail Consortium will no doubt have been emphasised ..read more
Notayesmanseconomics's Blog
1w ago
We can start our look at the Euro area economy with a reflection via the Dine series of books. For those unaware in Dune it is the future which is known and the past which is uncertain. I thought of ..read more
Notayesmanseconomics's Blog
1w ago
The pace of action is picking up and again we find ourselves looking East to the Pacific where economic events are in motion. I will look at the Bank of Japan statement in a bit but we can infer it ..read more
Notayesmanseconomics's Blog
1w ago
This week has brought something of a confession from the European Central Bank. It relates to something that they and the Euro area establishment have kept out of their official inflation measure for 25 years now. It is owner occupied ..read more
Notayesmanseconomics's Blog
2w ago
As we approach summer in the Northern Hemisphere we can look back on a year that is not going as planned. We began 2024 with markets on a surge backed by anticipation of a succession of interest-rate cuts which were ..read more
Notayesmanseconomics's Blog
2w ago
This morning has brought the latest update on the UK public finances and after some more welcome numbers today’s is more nuanced. Borrowing – the difference between public sector spending and income – was £11.9 billion in March 2024, £4.7 ..read more