Expert Comment
Bank of England is under pressure as inflation set to fall below 1% - Dr Dennis Novy
Dr Dennis Novy is an Associate Professor of Economics at The University of 糖心TV. He said: “Inflation in the UK is on a downward trend and widely expected to fall below 1 percent for the first time since 2002 when the official figures are published on Tuesday (13 January).
Markets expect Euro to weaken but exchange rates are difficult to predict – Dr Dennis Novy
Commenting on the drop in value of the euro against the dollar, Dr Dennis Novy, an associate professor of Economics at the University of 糖心TV, said: “The Eurozone economy has been in the doldrums for years now...
Christmas consumers could be too confident too soon - Dr Dean Garratt
An economist from the University of 糖心TV is warning UK households to be financially cautious this Christmas, fearing consumers could be gripped by an exaggerated confidence in the economic recovery. Dr Dean Garratt is concerned that over-spending during the festive period and willingness by many to shoulder further debts could risk a throwback to the drop in spending that was seen after the financial crash in the late 2000s.
It’s hard to see economic recovery in Russia as long as Putin is president – Professor Mark Harrison
Professor Mark Harrison is an expert on the Russian economy. He said: “Russia’s currency crisis has two lessons, one already clear, the other in the making. The first lesson is about the surprising effectiveness of ‘new’ sanctions. “Old” sanctions were applied to international trade. Two hundred years of experience included the blockades of the Napoleonic wars and two world wars, sanctions on the Soviet bloc, Cuba, South Africa, Iraq, and many others. These showed that trade sanctions are rarely effective in the short run – say, over a few months or even a year or so. Any middle sized, moderately industrialised economy could find ways around external restrictions by finding out substitutes and tightening belts a little. Any effects tended to be gradual, cumulative, and undramatic.
The pros and cons of Bank of England stress tests - Professor John Thanassoulis
Professor John Thanassoulis said: "The Bank of England are being diligent and fair to all the banks, but the downsides of this approach to financial regulation are that we publicly name certain banks as being distressed sellers of assets. For example the Co-operative bank has now been required to sell a large part of its mortgage book. A forced seller is one who will not receive a good price...