Inflation falls below two per cent for first time since April 2021 October 16, 2024 September's inflation figures come a day after official data showed a further easing in wage growth, which bolstered bets that the Bank would cut interest rates in November.
Wage growth eases again in boost for rate cut hopes October 15, 2024 Strong wage growth has been a concern for policymakers at the Bank of England due to fears that it could keep cost pressures elevated, particularly in the labour-intensive services sector.
UK inflation expected to fall below two per cent target October 13, 2024 UK inflation is tipped to fall below the Bank of England's two per cent target for the first time in more than three years.
Bank of England should not adopt ‘aggressive’ rate cuts October 8, 2024 In an interview with the Guardian, Governor Andrew Bailey said there was a chance that the Bank could become a "bit more activist" on rate cuts in the months ahead.
Bank of England’s Huw Pill: ‘Ample reason for caution’ on interest rates October 4, 2024 Huw Pill, chief economist at the Bank of England, called for a “gradual” approach to cutting interest rates, citing continued concerns about the potential upside risks to the inflationary outlook. In a speech this morning Pill said there was “ample reason for caution” when assessing the dissipation of inflationary persistence. “While further cuts in Bank [...]
Sterling falls as Bailey suggests Bank could become ‘ more activist’ on rate cuts October 3, 2024 The Governor's comments were seen as slightly more dovish than his previous guidance had implied, prompting markets to anticipate further rate cuts in the months ahead.
Markets doubt Bank of England’s cautious approach to interest rates September 30, 2024 The Bank of England held interest rates at five per cent last week, having cut rates for the first time since the pandemic back in August.
Bank’s Megan Greene calls for ‘steady-as-she goes’ approach to cutting interest rates September 25, 2024 Megan Greene, one of the Monetary Policy Committee's (MPC) more hawkish members, said a "gradual approach" to lowering borrowing costs was "appropriate" given the balance of risks facing the economy.
Bank of England’s Bailey doubts interest rates will fall back to near zero September 24, 2024 With inflationary pressures easing, rate-setters cut rates for the first time since the pandemic in August. However, they subsequently voted 8-1 to keep rates steady last week.
UK economy: After a busy week, the foundations look solid September 20, 2024 With inflation low and further rate cuts to come the UK economy remains on relatively solid foundations.