Eco­nomic week ahead

The Daily Telegraph - Business - - Business -

The Bank of Eng­land gets back to work with a vengeance af­ter the sum­mer break this week, with a raft of speeches from rate-set­ters likely to be scoured for hints on the path of fu­ture pol­icy.

An­drew Bai­ley, the Gov­er­nor – who made an early start with his ad­dress on Fri­day at the vir­tual Jack­son Hole sym­po­sium – is up be­fore the Trea­sury select com­mit­tee on Wed­nes­day, along with Mon­e­tary Pol­icy Com­mit­tee col­leagues Gert­jan Vlieghe and Sir Dave Rams­den.

He is likely to face more ques­tions on con­tro­ver­sial neg­a­tive in­ter­est rates and the Bank’s head­room to deal with fu­ture crises, fol­low­ing his claim that the Bank has more fire­power if needed at the cen­tral bankers’ pow­wow.

Else­where Ben Broad­bent, deputy gov­er­nor, gives a speech and Andy Hal­dane, the Bank’s chief econ­o­mist leads a panel, be­fore Michael Saunders, a MPC mem­ber, wraps up with his own mus­ings on the re­cov­ery on Fri­day.

Apart from pur­chas­ing man­ager in­dices, the week is light on data – with the ma­jor ex­cep­tion of the US non-farm pay­roll fig­ures on Fri­day. Ex­pect Don­ald Trump to make hay in the event of pos­i­tive job fig­ures, al­though the re­cov­ery trend has been slow­ing in re­cent months.

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