Credit Spreads: Capturing Credit Conditions Facing Households and Firms

11 Pages Posted: 10 Jul 2014

Date Written: June 16, 2014

Abstract

Changes in credit conditions have been one of the main headwinds affecting the UK recovery since the financial crisis. The likely path of credit spreads is a key determinant of the Monetary Policy Committee’s projections for output and inflation. This article explains how staff at the Bank of England calculate measures of credit spreads which can be used to help inform the Monetary Policy Committee’s central macroeconomic projections.

Suggested Citation

Butt, Nicholas and Pugh, Alice, Credit Spreads: Capturing Credit Conditions Facing Households and Firms (June 16, 2014). Bank of England Quarterly Bulletin 2014 Q2, Available at SSRN: https://ssrn.com/abstract=2464039

Nicholas Butt (Contact Author)

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Alice Pugh

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
62
Abstract Views
451
rank
430,302
PlumX Metrics