Pound Sterling makes strong start to 2024 as UK recovery from recession to continue March 11, 2024 Paul Robson, head of G10 FX strategy at Natwest, also drew attention to the UK's increasingly supportive political background.
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 [...]
Bank’s Ramsden: ‘More evidence’ needed that inflation has been tamed before rates can go down February 27, 2024 Markets expect the Bank of England to start cutting interest rates in the summer, with three cuts priced in for 2024.
UK consumer confidence falls in February as technical recession is a bummer for Brits February 23, 2024 UK consumer confidence fell two points in February as reports of a technical recession dampened hopes.
Inflation on a ‘firm downward path’ and Bank of England risks a ‘hard landing’, MPC member says February 21, 2024 Policymakers at the Bank are increasingly facing the criticism that they risk being too slow to cut interest rates now that inflation is on its way back down to the two per cent target.
Bank of England MPC members: ‘Weak recession’ won’t change timing of interest rate cuts February 20, 2024 Andrew Bailey, governor of the Bank, came under fire from MPs for having failed to cut interest rates even as inflation approaches target and the UK struggles with very weak growth.