Bank of England’s fears of a tight labour market will remain despite growing slack March 12, 2024 Although almost every measure suggested a softer labour market than expected, the downside surprises were small and show a labour market that is still tight in historical terms.
Wage growth slows faster than expected and unemployment picks up slightly March 12, 2024 Developments in the labour market are crucial for assessing whether inflation is under control, enabling the Bank to ease the cost of borrowing.
Pound Sterling makes strong start to 2024 as UK recovery from recession to continue March 11, 2024 Paul Robson, head of G10 FX strategy at Natwest, also drew attention to the UK's increasingly supportive political background.
Pay growth set to stay high in blow to Bank of England interest rate cut hopes March 7, 2024 The Bank’s most recent Monetary Policy Report suggested that there needed to be a “moderation in pay pressures” to bring down services inflation, a key gauge of domestic inflationary pressures.
Bank of England had 28 ‘major’ compliance breaches in a year but ‘good progress’ made March 4, 2024 The public spending watchdog has found dozens of "major" compliance breaches at the Bank of England over the course of a year, despite it taking steps to address shortcomings.
Clare Lombardelli appointed deputy governor at the Bank of England February 29, 2024 Clare Lombardelli has been appointed as the next deputy governor for monetary policy at the Bank of England, replacing Ben Broadbent.
Bank’s Ramsden: ‘More evidence’ needed that inflation has been tamed before rates can go down February 27, 2024 Markets expect the Bank of England to start cutting interest rates in the summer, with three cuts priced in for 2024.
UK consumer confidence falls in February as technical recession is a bummer for Brits February 23, 2024 UK consumer confidence fell two points in February as reports of a technical recession dampened hopes.
Bank of England MPC members: ‘Weak recession’ won’t change timing of interest rate cuts February 20, 2024 Andrew Bailey, governor of the Bank, came under fire from MPs for having failed to cut interest rates even as inflation approaches target and the UK struggles with very weak growth.
Leaving interest rates on hold risks deepening recession, Haldane warns February 19, 2024 Leaving interest rates on hold for too long risks deepening the UK's recession, the Bank of England's former chief economist has said.