Bank of England’s Pill: Summer interest rate cuts ‘not unreasonable’ but ‘still some work to do’ May 14, 2024 Speaking at an event run by the Institute of Chartered Accountants in England and Wales (ICAEW), Pill stressed that the Bank's focus would be on the persistent components of inflation in the weeks ahead.
Higher wage growth has not fuelled inflation – but it will if productivity does not improve May 13, 2024 Despite stronger real wage growth, productivity - which measures workers' output per hour - has actually deteriorated in the past year.
Number of new homes built in 2024 plunges by a fifth in blow to government house building targets May 13, 2024 "Rises in the Bank of England's base rate have driven mortgage rates higher, leading to a drop in new home purchases and a slowdown in house price growth," Steve Wood, chief executive of the NHBC said.
FTSE 100 notches best week of the year as string of good news ends winter blues May 10, 2024 Friday's rally was largely driven by miners who were lifted on the back takeover speculation and higher prices for metals and minerals.
Banks divided: Interest rate decision sparks debate over timing – June or August? May 10, 2024 Investment banks are divided on when the Bank of England (BoE) may execute its initial rate cut.
What’s behind London FTSE 100’s record run? May 10, 2024 So far this year the FTSE 100 has climbed just under eight per cent, which puts it roughly in line with peers in Frankfurt and Paris.
Dovish Bank of England opens the door to interest rate cuts May 9, 2024 "Its likely that we will need to cut Bank Rate over the coming quarters…possibly more so than currently priced into market rates," Bailey said.
Bank of England predicts growth tailwind as impact of interest rates wanes May 9, 2024 The Bank of England's new forecasts show inflation falling to target earlier than its last round in February.
Bank of England holds interest rates again but June cut on the cards May 9, 2024 The Bank of England voted to hold interest rates at 5.25 per cent.
Mortgage lending growth set to double next year as inflation eases and rate cuts loom May 9, 2024 UK mortgage lending growth is set to more than double in 2025, according to a major economic forecasting group, as inflation eases and the Bank of England is expected to cut interest rates this year.