Fox Business - The Power to Prosper
Search Site

David Miles

Related Topics

  1. Mervyn King
  2. Three Mile Island
  3. Bank of England
  4. Adam Posen
  5. Small Business Spotlight
  6. Miles White
Get updates on David Miles
BOE Miles Sees Inflation "Quite Close" to 2% in Early 2014 - Report

The annual rate of inflation in the U.K. is likely to ease by early next year, and bring the period of "substantial squeeze" on household incomes to an end, a member of the Bank of England's Monetary Policy Committee said.In an interview with the Belfast Telegraph newspaper published Tuesday, David Miles said he expects the annual rate of inflation to "hover around" a level just below 3% during much of this year.But he said that by early next year, the annual rate of inflation should have fallen "quite close" to 2.0%, which is the BOE's target level.With wages rising less rapidly than consumer prices, Britons have seen their real incomes fall in recent years, a development that has restrained consumer spending and contributed to economic stagnation."One of the reasons why we might be what you might call guardedly optimistic about the future would be that I think this period of substantial squeeze on people's disposable income is likely to be largely behind us," Mr. Miles said.In recent...

Read More ›

  1. CURRENCIES: Dollar Up After Housing Data; Pound Sinks

    The dollar gained against the yen Wednesday after data that showed the longer-term recovery in the U.S. housing market was still on track, but the British pound sank...

  2. LONDON MARKETS: U.K. Stocks Rise After BOE Report; BHP Drops

    U.K.'s benchmark stock index rose on Wednesday after a report showed more members from the Bank of England supported an increase in asset purchases, while BHP Billit...

  3. CURRENCIES: Dollar Up; Pound Plummets On QE Prospects

    The U.S. dollar rebounded from early weakness Wednesday, erasing a loss versus the Japanese yen while the British pound plunged to a 13-month low versus the dollar a...

  4. Bank Of England Voted 6-3 To Leave QE On Hold

    The Bank of England's Monetary Policy Committee earlier this month voted 6-3 to leave the central bank's asset-buying program, the centerpiece of its quantitative-ea...

  5. BOE Voted 8-1 To Keep Asset Purchases Unchanged

    Only one member of the Bank of England's Monetary Policy Committee wanted to make changes to the bank's 375 billion pounds ($593.66 billion) asset-purchase program, ...

  6. Bank of England sees flat output, above-target inflation in 2013: minutes

    Britain's economy is likely to remain broadly flat in the near term but inflation would probably exceed 2 percent in the next year or so, minutes to the BoE's Decemb...

  7. Only One BOE Policy Maker Wanted Bigger QE In Dec.

    All but one member of the Bank of England's nine-person Monetary Policy Committee backed the decision to leave the bank's asset-purchase plan, the centerpiece of its...

  8. BoE ready for stimulus if positive signs from UK economy fade: King

    The Bank of England is ready to inject more cash into the fragile British economy if recent positive signs fade, BoE Governor Mervyn King said on Tuesday, noting fre...

  9. BOE's Miles: Open-Minded on Need for More Quantitative Easing

    EDINBURGH, Scotland--The Bank of England's biggest advocate of quantitative easing said Tuesday he is now open-minded about whether the program will need to be expan...

  10. 2 BOE Members Wanted To Boost Bond Buys In March

    The Bank of England's rate-setting Monetary Policy Committee voted 7-2 to hold its asset purchases at 325 billion pounds ($516 billion) at its policy meeting earlier...

  11. BOE Miles: Looser Policy Now Could Mean Quicker Return To Normal

    An aggressive loosening of monetary policy now might spur economic recovery and make it more likely the Bank of England could start raising interest rates sooner, BO...

  12. Two BOE Members Sought Bigger Feb. Rise In QE

    Two members of the Bank of England's Monetary Policy Committee -- Adam Posen and David Miles -- dissented from the panel's decision earlier this month to boost the b...

  1. LONDON MARKETS: U.K. Stocks Drop After BOE Decision, U.S. Claims

    U.K. stocks closed at the lowest level since late February on Thursday, as the Bank of England left monetary policy unchanged as expected and U.S. employment data di...

  2. LONDON MARKETS: U.K. Stocks Slip After BOE Decision

    U.K. stocks inched lower on Thursday, as the Bank of England left monetary policy unchanged as expected.The FTSE 100 index was 0.1% lower at 6,417.21.The index was s...

  3. Bank of England remains split 6-3 on asset purchases in March

    The Bank of England is worried about further sterling weakness and remains at an impasse over providing more support for Britain's stagnant economy, minutes of its M...

  4. Banking Myths Hindering Reform - BOE Policy Makers

    Global efforts to make the financial system safer are being frustrated by pervasive myths about how banks fund their activities, Bank of England policy makers said o...

  5. Chances rising the Bank of England will start buying assets again in March: poll

    Chances are rising that the Bank of England will decide to start buying assets again next week to support an economy teetering on the brink of a third recession in f...

  6. CURRENCIES: Dollar Extends Gain After Fed Minutes; Pound Down

    The dollar stretched an advance against its rivals Wednesday as the U.S. Federal Reserve indicated it will consider making changes in its ultra-loose monetary policy...

  7. CURRENCIES: Dollar Up Ahead Of Fed Minutes; Pound Falls

    The dollar gained against the yen Wednesday after data that showed the longer-term recovery in the U.S. housing market was still on track, but the British pound hit ...

‹ Prev12Next ›
Freebase CC-BY
Source: David Miles on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL