Surprise inflation fall casts doubt on Bank of England’s interest rate path December 20, 2023 According to new figures out this morning, the headline rate of inflation fell to 3.9 per cent, its lowest level in two years.
Inflation falls to 3.9 per cent as lower food and petrol prices ease pressure on Bank of England December 20, 2023 The data comes amid continuing debate about when the Bank of England will start cutting interest rates.
Risk of high inflation ‘clearly more costly’ than squeezing demand, Bank MPC member warns December 19, 2023 "Given what we know now, I can say that it will be important for monetary policy to be restrictive for an extended period in order to return inflation sustainably to the two per cent target in the medium-term," she said.
Bank of England to work more closely with regulator to promote key objectives December 19, 2023 "The shared aim of this MoU is to enable closer working between the parties, including the exchange of appropriate information, to assist them in discharging their statutory functions," the document said.
Why Goldman Sachs predict ‘earlier and more aggressive’ interest rate cuts from central banks December 18, 2023 Goldman Sachs expects "earlier and more aggressive rate cuts" from central banks after a significant fall in inflation over recent months.
Why the Bank of England stayed hawkish on interest rates while the Fed was optimistic December 14, 2023 The Bank of England has taken a more hawkish stance than its US counterpart on future interest rate cuts, after opting to leave them at a 15-year high of 5.25 per cent for the third time in a row. The central bank’s Monetary Policy Committee (MPC) said “key indicators” of inflation were still elevated, despite [...]
Bank of England holds interest rates despite some policymakers voting for further hikes December 14, 2023 The Bank of England has left interest rates on hold at 5.25 per cent for the third time in a row. The move was in line with economists' expectations.
Happening today: Bank of England expected to hold interest rates December 14, 2023 The Bank of England is expected to hold interest rates for the third time in a row, as fresh data has pointed towards potential cracks in the economy. Today, its Monetary Policy Committee (MPC) will meet for the final time this year to vote on interest rates – which help dictate mortgage rates set by [...]
Basel III rules set to have ‘low’ impact on UK banks compared to US, says Bank of England December 12, 2023 International rules on bank capital are set to have a "low" impact on UK lenders, according to new adjustments from the Bank of England, as Wall Street warns the same framework could significantly weaken lenders in the US.
Bank of England finance panel suggests wage growth won’t budge next year, but inflation will fall November 30, 2023 "Expected output price inflation has been gradually falling over the year," the survey noted.