Inflation comes in below expectations at four per cent thanks to falling food prices February 14, 2024 Markets expect the Bank of England to start cutting interest rates in June with three rate cuts expected over the course of the year.
Bank of England still on course for May interest rate cut despite strong pay growth February 13, 2024 In the final quarter of last year, regular pay dropped to 6.2 per cent from 6.7 per cent, above the Bank of England's forecast of six per cent. Not a big overshoot, but an overshoot nonetheless.
Wage pressures ease again but beat Bank of England’s expectations February 13, 2024 Rate-setters at the Bank of England have argued that pay pressures need to ease before interest rates can start being cut.
Spring Budget 2024: What measures could Labour continue in government? February 13, 2024 With an election expected this year, and a Labour Party hell-bent on wooing business, are there financial measures a Starmer government could support?
Savers not seeing all of Bank of England’s interest rate hikes, Bailey suggests February 13, 2024 "Overall deposit rates have risen by somewhat less than Bank Rate," Andrew Bailey said in a speech at Loughborough University.
Bank of England risks being ‘too slow’ in cutting interest rates, Haldane warns February 12, 2024 The Bank of England's former chief economist said today that he would have already voted to cut interest rates given the UK's slow growth rate and progress on taming inflation.
Bank of England to start cutting interest rates in May with inflation on its way to target February 12, 2024 Andrew Bailey, the Bank's governor, noted the "good news" on inflation while Huw Pill, the Bank's chief economist, suggested rate cuts were a "when rather than an if".
Bank’s Haskel wants ‘more evidence’ of falling inflation before cutting interest rates February 9, 2024 In an interview with Reuters, Haskel said "the signs that we've seen thus far are encouraging. I don't think we've seen quite enough signs yet".
Bank of England staff fed up with ‘rewards’ – despite £25m bonus payouts and inflation botch-job February 9, 2024 Staff at the Bank of England have reportedly taken issue with their salaries, according to an internal survey, as Parliament warns that much bigger pay packages in the private sector could draw away top talent.
Bank of England’s Mann warns of ’embedded’ inflation risk if demand picks up February 8, 2024 "Real household incomes continue to rise as inflation falls, consumer confidence has improved, indicators of services activity have come in strong, and forward-looking measures of output and employment paint a positive picture," Mann said.