NATWEST GROUP PLC ORD 100P (NWG)

Sector:

Banking

Index:

FTSE 100

 220.70p
   
  • Change Today:
      0.000p
  • 52 Week High: 221.60
  • 52 Week Low: 104.75
  • Currency: UK Pounds
  • Shares Issued: 11,452m
  • Volume: 3,582,202
  • Market Cap: £25,276m
  • RiskGrade: 62

BoE's Vlieghe pushes back on calls for slowing monetary stimulus

By Alexander Bueso

Date: Monday 26 Jul 2021

LONDON (ShareCast) - (Sharecast News) - A top Bank of England official pushed back on calls for the monetary authority to dial back on stimulus, arguing that inflationary pressures in the UK were transitory, while the pandemic remained a threat.
In remarks prepared for a speech at the London School of Economics, Gertjan Vlieghe said: "For all these reasons, I think it will remain appropriate to keep the current monetary stimulus in place for several quarters at least, and probably longer."

Even when it came time to tighten policy "I suspect not much of it will be needed, given the low level of the neutral rate," the rate-setter added.

His remarks were in line with recent policy comments from other Monetary Policy Committee members, including deputy governor, Dave Broadbent, and Jonathan Haskel.

So too, Catherine Mann, who was due to come onboard on 1 September, was on record warning against premature tightening.

Indeed, Vlieghe also said that in the next downturn he would be comfortable with taking Bank Rate down to -0.5% or even -0.75% given the likely diminishing returns from rate cuts when starting from lower levels.

Vlieghe's last MPC meeting before leaving Bank would be that on 5 August.

Arrayed on the other side of the argument, earlier in July deputy governor Dave Ramsden and fellow MPC member Michael Saunders had said that the time to begin slowing stimulus might be near.

As of 1438 BST, the pound was rising by 0.55% against the US dollar to 1.3824.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RBS Market Data

Currency UK Pounds
Share Price 220.70p
Change Today 0.000p
% Change 0.00 %
52 Week High 221.60
52 Week Low 104.75
Volume 3,582,202
Shares Issued 11,452m
Market Cap £25,276m
RiskGrade 62

RBS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.17% above the market average87.17% above the market average87.17% above the market average87.17% above the market average87.17% above the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
58.42% above the market average58.42% above the market average58.42% above the market average58.42% above the market average58.42% above the market average
47.37% above the sector average47.37% above the sector average47.37% above the sector average47.37% above the sector average47.37% above the sector average
Income
21.81% below the market average21.81% below the market average21.81% below the market average21.81% below the market average21.81% below the market average
85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average
Growth
24.29% above the market average24.29% above the market average24.29% above the market average24.29% above the market average24.29% above the market average
44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average

What The Brokers Say

Strong Buy 10
Buy 1
Neutral 10
Sell 1
Strong Sell 2
Total 24
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RBS Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Aug-21 25-Mar-21
Paid 17-Sep-21 04-May-21
Amount 3.00p 3.00p

Trades for 28-Sep-2021

Time Volume / Share Price
11:37 1 @ 220.80p
11:36 254 @ 220.70p
11:36 51 @ 220.70p
11:36 3,596 @ 220.70p
11:36 185 @ 220.70p

RBS Key Personnel

Chair Howard Davies

Top of Page