Bank of England boss touts benefits of free trade as Trump tariffs loom November 14, 2024 With protectionism coming back into fashion around the world, Bailey owned up to being an "old-fashioned free trader at heart".
Monetary policy needs to be ‘more forceful’ as global economy becomes less stable November 14, 2024 "Over the next few years at least, volatility in macroeconomic variables likely will be elevated," Mann said at the Annual Conference of the Society of Professional Economists in London.
Business groups warn of jobs market slowdown following Budget November 12, 2024 Alexandra Hall-Chen, principal policy adviser for employment at the Institute for Directors (IoD) said the figures point to a "concerning trend" in the labour market.
Bank of England’s Pill backs ‘gradual’ interest rate cuts despite ‘sticky’ pay growth November 12, 2024 Pointing to the pay figures from this morning, Pill said wage pressures remain "quite sticky".
Wage growth comes in ahead of expectations despite loosening labour market November 12, 2024 Bank of England rate-setters received a mixed picture from the latest labour market figures, with progress on wage growth stalling even as unemployment crept up. According to the Office for National Statistics (ONS), pay growth excluding bonuses eased to 4.8 per cent in the three months to September, down from 4.9 per cent previously but [...]
Prospect of fewer rate cuts buoys sterling and UK-focused stocks November 7, 2024 The pound and UK-focused stocks rose this afternoon after the Bank of England indicated it would take a more “gradual” approach to cutting rates in the year ahead. The Bank’s Monetary Policy Committee (MPC) voted to lower the base rate to 4.75 per cent in a widely anticipated move that follows a sharp fall in [...]
The Bank of England has a lot to be cautious about November 7, 2024 The Bank of England's latest interest rate decision could hardly have come at a busier time.
Bank of England cuts interest rates but warns Budget will stoke inflation November 7, 2024 The Bank of England's rate decision comes just a week after the Budget.
Bank of England and Fed to cut interest rates despite fiscal fears November 6, 2024 The Bank held rates at its last meeting in September, but signalled that further cuts were on the way if there continued to be progress on inflation.
Why the Budget complicates life for the Bank of England November 5, 2024 Just when it seemed that inflation was finally coming under control, the government has announced a big increase in public spending.