Bank of England finally administers bitter medicine to treat inflation August 4, 2023 The City has been ahead of the Bank of England’s thinking for some time. Economists have for months known interest rates are set to stay higher for longer. Most expect them to peak at 5.75 per cent and stay there for, probably, at least a year. Governor Andrew Bailey and co have woken up to [...]
Bank of England warns of stagnating UK economy and ‘crystallising’ inflation August 3, 2023 The UK economy is on course for a slow burning slump over the coming years and scorching inflation has started to “crystallise,” the Bank of England has warned as it lifted interest rates for the 14th time in a row. In fresh forecasts released today, the central bank said over the next three years, UK [...]
Bank of England interest rate cuts on a knife edge as wage growth comes in hot May 14, 2024 The figures are the first in a series of data releases that will determine whether the Bank of England is able to cut interest rates in June.
Inflation easing – but wage growth still a threat, Bank of England panel warns January 4, 2024 The figures suggest that the surprisingly fast progress on bringing inflation down to the two per cent target still has further to run.
Former Bank of England governor Lord Mervyn King named as next MCC president May 1, 2024 The former governor of the Bank of England, Lord Mervyn King, has been unveiled as the next president of the Marylebone Cricket Club (MCC), home to Lord’s. King, who led Threadneedle street between July 2003 to 2013, called the appointment an ” extraordinary honour”, and will take over from current head, former professional player Mark [...]
Bank of England examining claim Metro Bank put customers’ money at risk with ‘pirated software’ April 2, 2024 The Bank of England is examining a claim that Metro Bank “pirated” a US company's software and put customers’ data at risk, City A.M. has learnt.
Exclusive: Top economists forecast Bank of England to cut rates as soon as March December 28, 2023 The Bank of England is tipped to start cutting interest rates as soon as March, according to a City A.M. poll of top economists, as the central bank faces mounting criticism for being too hawkish in its monetary policy.
Bank of England left with tough choice on interest rate after week of fresh data April 19, 2024 Most of this week has been dominated by discussions about when the Bank of England will start cutting interest rates.
Bank of England should ‘loosen its grip on growth’ as labour market slack grows April 8, 2024 Starting salary inflation for permanent roles increased at its weakest rate in over three years, according to KPMG and the Recruitment and Employment Confederation's (REC) report on jobs.
Bank of England delays final Basel bank capital rules to July 2025 September 27, 2023 The Bank of England on Wednesday said it would delay by six months to July 2025 its roll out of the final leg of international bank capital rules that began after the global financial crisis over a decade ago.