Bank of England deputy governor Broadbent says summer interest rate cut ‘possible’ May 20, 2024 The Bank judges that the unwinding of the inflationary shock is likely to be "asymmetric", taking longer to unwind than it did to emerge.
Investors to receive ‘temperature check’ on global economy alongside Nvidia and inflation updates May 19, 2024 Analysts at Deutsche Bank said the surveys would provide "a temperature check on growth across the key economies as perceived inflation risks subside".
UK a ‘nation of savers’ following surge in inflation, research shows May 17, 2024 Since March 2021, prices have increased by 22 per cent in the UK with a peak annual inflation rate of 11.1 per cent in October 2022.
Labour hoarding makes life difficult for Bank of England, rate-setter says May 16, 2024 Labour hoarding since the pandemic has helped fuel inflation and could mean rates have to remain high, a Bank of England policymaker said.
Does hot wage growth derail hopes of a June interest rate cut? May 14, 2024 The first round of labour market figures was released this morning and it leaves policymakers in a bit of a bind.
Bank of England’s Pill: Summer interest rate cuts ‘not unreasonable’ but ‘still some work to do’ May 14, 2024 Speaking at an event run by the Institute of Chartered Accountants in England and Wales (ICAEW), Pill stressed that the Bank's focus would be on the persistent components of inflation in the weeks ahead.
Dovish Bank of England opens the door to interest rate cuts May 9, 2024 "Its likely that we will need to cut Bank Rate over the coming quarters…possibly more so than currently priced into market rates," Bailey said.
Bank of England predicts growth tailwind as impact of interest rates wanes May 9, 2024 The Bank of England's new forecasts show inflation falling to target earlier than its last round in February.
Bank of England holds interest rates again but June cut on the cards May 9, 2024 The Bank of England voted to hold interest rates at 5.25 per cent.
UK to bid recession farewell as debate over state of the economy heats up May 7, 2024 New figures out this week are set to show that last year's shallow recession has come to an end as political debate about the state of the economy heats up.