Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Osborne presses BoE for more liquidity

Osborne presses BoE for more liquidity

Chancellor George Osborne has pressed for the Bank of England to further loosen monetary policy, in a highly unusual intervention ahead of today’s monthly rate-setting meeting.

Osborne’s handling of the economy has become a sticking point for many in his own party, who are said to have called for his sacking if the March budget doesn’t break out of recent stagnation.

Osborne argued that attempt by the government to reduce the deficit ‘mean that… monetary policy action by the BoE can and should continue to support the economy,’ reported the Financial Times.

His comments came at the launch of an Organisation for Economic Co-operation and Development report on the UK economy, which also argued for further liquidity provision.

Incoming BoE governor Mark Carney, who will take over from Mervyn King later this year, will also face a grilling by the Treasury Select Committee later today.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the man building Towry into an £11bn giant

Profile: meet the man building Towry into an £11bn giant

As a former engineer who worked on Hong Kong International Airport, Rob Devey is not afraid of taking on major projects

Wealth Manager on Twitter