We provide evidence on the effect of the slope of the yield curve on economic activity through bank lending. Using … rates) boosts bank profits and the supply of bank loans. Intuitively, a higher term premium represents greater expected … profits on maturity transformation, which is at the core of banks’ business model, and therefore incentivizes bank lending …

indication of GDP growth. This article describes the approaches taken by Bank staff to produce early estimates (‘nowcasts') of … GDP growth, ahead of the publication of official estimates. Although the confidence bands around the Bank staff's nowcasts …