Cut interest rates or risk ‘more profound’ impact on UK economy, Bank MPC member warns February 6, 2024 Swati Dhingra, the only member of the MPC to back a rate cut last week, warned that the Bank of England was "underplaying the downside risks".
Jeremy Hunt: No tax cuts on the cards before next general election September 11, 2023 Jeremy Hunt has hinted that tax cuts are unlikely to be on offer before the next general election after warning that inflation had proved “stickier than was forecast”. The Chancellor told Bloomberg that he did not expect to have more fiscal headroom at the Autumn Statement — compared with the spring Budget — and “debt [...]
Bank of England’s dovish pivot on interest rates poses a number of questions March 21, 2024 Andrew Bailey, governor of the Bank of England, gave as precise a summary as it is possible to give. "Things are moving in the right direction".
Norway’s sovereign wealth fund notches record $174bn loss August 17, 2022 Norway's sovereign wealth fund, the worlds’ largest, made a record loss of 1.68 trillion Norwegian crowns ($174bn) in the first half of the year as its investments were rocked by fears of a global recession and rampant inflation.
FTSE 100 today: London markets brace for caution as traders scale back rate cut bets February 6, 2024 Asian markets mimic Wall Street's dip, oil prices hold steady. UK retail sales slow in January, RBA maintains interest rate at 4.35%; focus shifts to UK Construction PMI.
Banks divided: Interest rate decision sparks debate over timing – June or August? May 10, 2024 Investment banks are divided on when the Bank of England (BoE) may execute its initial rate cut.
Interest rates: Three things the Bank will consider for the next rate decision September 18, 2023 The Bank of England's rate-setters will meet next week and they will have no shortage of topics to discuss.
Hawkish Bank officials warn hot labour market means ‘higher rates for longer’ November 28, 2023 Markets think that the Bank will start to unwind its historic run of interest rate rises next summer.
Why the Bank of England might be wary of cutting interest rates before the Fed April 18, 2024 The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
Federal Reserve hold rates for third time but hints at future cuts December 13, 2023 The US Federal Reserve has kept interest rates on hold for a third time in a row, as “inflation has eased over the past year but remains elevated”. The announcement from the Federal Open Market Committee (FOMC) today sees the federal funds rate remain between 5.25 per cent and 5.50 per cent, its highest level [...]