More good news for the Bank of England as firms expect wage and price pressures to ease June 6, 2024 Yet another survey shows that the Bank of England's interest rate hikes are slowly squeezing inflationary pressures out of the economy.
Former Bank governor Mark Carney: City needs to lead world once again on green finance June 4, 2024 In a speech at a Deloitte event, Carney said the UK has "traditionally led" on international financial developments but warned "it hasn't been leading as much of late. It had other things on its mind."
De La Rue shares jump as orders grow and group edges closer to sale May 30, 2024 The firm responsible for printing UK's money is edging closer to a sale of some or all of its business and has delayed reporting its full year results to July in the hope that by then it will have found a buyer.
Debt headache as just a quarter of execs have experience of higher interest rates May 28, 2024 "For many of the people tasked with tackling higher interest costs, this is a new challenge," Nick Forest, a partner at the firm said.
Bank of England’s Broadbent slams ‘groupthink’ accusations as ‘absolute tripe’ May 28, 2024 In an interview with the Times, Ben Broadbent said "when you sit [on the Monetary Policy Committee (MPC)], you realise pretty quickly there is robust discussion about every single question".
Haldane: Bank of England only ‘six months late’ if it starts cutting rates in June May 23, 2024 Speaking on LBC, Andy Haldane, the Bank's former chief economist, said "they (the Bank) should have been cutting from around January."
Could the Bank of England still cut rates in June after poor inflation figures? May 22, 2024 Although Rishi Sunak jumped on the airwaves to proclaim inflation was "back to normal", markets seemed less convinced.
Inflation ahead of expectations in blow for June interest rate cut hopes May 22, 2024 At the Bank of England's last meeting earlier this month, policymakers confirmed that they were considering cutting interest rates.
The rise and fall of 20th Century monetarism, according to one of Margaret Thatcher’s advisors May 21, 2024 "There's not much in economics that is strictly scientific. Milton Friedman said this (monetarism) was a science and Margaret Thatcher sort of bought into that idea," Tim Lankester told City A.M.
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.