Rachel Reeves to promise Treasury reform as Labour party promises ‘new chapter’ for Britain March 19, 2024 Labour’s Rachel Reeves will unveil plans for a “new chapter” for Britain’s economy alongside reform to the Treasury as she delivers the prestigious Mais lecture.
The Bank of England should cut rates soon – but timing is everything March 19, 2024 There's no doubt that cuts should start soon, but it might be wise to wait a little bit longer before reaching for the interest rate axe, writes Chris Dorrell.
Bank of England to cut interest rates in June, economists forecast March 17, 2024 The Bank of England is set to start cutting interest rates in June, according to a City A.M. poll of top economists, as inflation nears its target, the labour market cools and the UK takes its first steps out of recession.
Why the Bank of England will keep interest rates on hold despite lower inflation March 13, 2024 The latest clutch of data is unlikely to change the Bank of England's thinking ahead of its decision on interest rates next week.
Wage growth slows faster than expected and unemployment picks up slightly March 12, 2024 Developments in the labour market are crucial for assessing whether inflation is under control, enabling the Bank to ease the cost of borrowing.
Pay growth set to stay high in blow to Bank of England interest rate cut hopes March 7, 2024 The Bank’s most recent Monetary Policy Report suggested that there needed to be a “moderation in pay pressures” to bring down services inflation, a key gauge of domestic inflationary pressures.
Bank of England had 28 ‘major’ compliance breaches in a year but ‘good progress’ made March 4, 2024 The public spending watchdog has found dozens of "major" compliance breaches at the Bank of England over the course of a year, despite it taking steps to address shortcomings.
Clare Lombardelli appointed deputy governor at the Bank of England February 29, 2024 Clare Lombardelli has been appointed as the next deputy governor for monetary policy at the Bank of England, replacing Ben Broadbent.
Mortgage approvals rise to highest level in a year – but UK housing market rebound unlikely to last February 29, 2024 The figures show that the housing market is steadily rebounding from the impact of higher interest rates.
Interest rates aren’t as influential as you think February 28, 2024 Andy Haldane’s criticisms of the Bank of England’s persistence with higher rates are misguided. Just as near-zero rates following the financial crisis were hardly a stimulus to growth, the more recent actions of the MPC can’t be said to be ‘crushing the economy’, says Paul Ormerod Criticising the Bank of England has become fashionable in [...]