Why Taylor Swift might shape the future of UK interest rates July 15, 2024 Taylor Swift's Eras tour may give rate-setters at the Bank of England something extra to think about as they mull when to start cutting interest rates.
Bank of England’s top economist Huw Pill ‘uncomfortable’ with persistence of inflation July 10, 2024 In a speech delivered at Asia House in London, Pill said that recent pieces of economic data pointed towards some "upside risks to my assessment of inflation persistence".
Bank of England’s Haskel prefers holding rates on back of ‘tight’ labour market July 8, 2024 A Bank of England rate-setter said he would prefer to leave interest rates on hold to ensure the surge in inflation has been decisively tamed.
Shop price inflation drops to lowest level since October 2021 as retailers slash prices on TVs July 2, 2024 Retailers slashing prices on TVs to capitalise on the Euros helped push shop price inflation to its lowest level since October 2021.
The big unknown that will decide the August interest rate decision June 20, 2024 An August interest rate cut depends on the data. (When does it not...) But there is another big unknown.
Bank of England holds rates but August cut still on the table June 20, 2024 The Bank of England has voted to leave interest rates on hold for a seventh consecutive meeting.
August interest rate cut in doubt despite inflation falling to target June 19, 2024 Inflation dropped to two per cent, prompting champagne corks to go flying in CCHQ. But MPC members might be a bit slower to crack out the fizz.
Inflation drops to two per cent ahead of Bank of England interest rate decision June 19, 2024 Even though inflation has returned to near the two per cent target, the Bank of England is very unlikely to cut interest rates tomorrow.
Bank of England to hold rates even as inflation looks set to fall to two per cent June 16, 2024 The rate-setting Monetary Policy Committee (MPC) left the door open for a June cut at its last meeting in May, but since then a number of data releases have pointed to stubborn inflationary pressures.
Bank of England to take centre stage for markets amid continuing fallout from Macron’s gamble June 16, 2024 In the last week alone BNP Paribas and Credit Agricole have lost around eight per cent while Societie Generale has lost nearly 11 per cent.