UK economic data dump set to bolster case against September rate cut August 12, 2024 A slew of official UK economic data this week is poised to bolster the case for policymakers at the Bank of England not to cut interest rates next month, with inflation forecast to rise for the first time this year.
UK business output jumps to highest level in two years as further rate cuts expected August 12, 2024 UK business output has jumped to its highest level in two years, according to a closely-watched survey, as the expectation of more interest rate cuts provide optimism for the coming months.
Will the Bank of England cut interest rates again? Experts are divided August 8, 2024 Following the decision, Governor Andrew Bailey stressed that the Bank must be careful "not to cut interest rates too quickly or by too much", but investors have drawn their own conclusions.
Bank of England right to be cautious after cutting interest rates August 1, 2024 Different members of the Monetary Policy Committee (MPC) clearly have different views on where the economy is now.
Bank of England: UK growth forecasts get upgraded – but momentum still weak August 1, 2024 Looking to the immediate future, GDP growth in the second quarter is expected to match the 0.7 per cent recorded in the first three months of 2024.
Junior doctors ‘offered 22 per cent pay rise’ to end strikes July 29, 2024 Junior doctors in England are understood to have been offered a 22 per cent pay rise over two years in a bid to resolve their long-running pay dispute with the Government. The Times is reporting that the British Medical Association’s (BMA) junior doctors committee has recommended an offer to members. It is understood to include [...]
City split on Bank of England’s August interest rate decision July 29, 2024 City economists are split about whether the Bank of England will choose to start cutting interest rates on Thursday.
Six graphs the Bank of England will study before August interest rate decision July 24, 2024 For the first time since last September, there is genuine uncertainty about the Bank of England’s next move on interest rates. The Monetary Policy Committee (MPC) will meet next Thursday, with markets putting the odds of a cut at about 40 per cent. There’s enough evidence of disinflation to warrant a cut. Similarly, more hawkish [...]
Stubborn services prices to raise concerns as inflation remains at two per cent July 17, 2024 Speaking last week, Huw Pill, the Bank's chief economist, said persistence in wage growth and services inflation points to "uncomfortable strength in those underlying inflation dynamics”.
Household demand ‘soft enough’ to cut interest rates, Bank of England’s Dhingra says July 15, 2024 Swati Dhingra, widely seen as the most dovish member of the Monetary Policy Committee (MPC), said that "demand is soft enough" to prevent any resurgence in inflation even though wage pressures remain strong.