As we know very well (since we are now painfully familiar with inflation being above target), a key part of inflation targeting is that the Monetary Policy Committee increases or decreases the Bank Rate in order to help inflation to come back to target. So, let’s take a look at the history of both the Consumer Price Index (CPI), and the Bank Rate focusing on the last 3 decades of inflation targeting.
Tag: Finance
fanchart 1.0.3
New release of my Python package fanchart.
fanchart 1.0.2
New release of my Python package fanchart.
Oil Shocks and the Probability of U.S. Recession
This chart was motivated by the article History Suggests Oil Shock Raises Probability of U.S. Recession published last Friday by Bloomberg. According to the article, historical data shows that big surges in crude-oil prices have ended U.S. economic expansions and tipped the U.S. economy into recession.
Loose Stones
The story of how Sir Issac Newton lost £2m in the stock markets.
The Quant Project
I want to share some insight from my experience starting my career as a quant after graduation. Skill sets, General Tips, Resources, Interview Process, FAQs
Fan Charts
Since 1996 the Bank of England inflation forecast has been published as a probability distribution and presented in what is now known as ‘the fan chart’. This post provides an overview on this useful visualisation tool and its Python implementation.