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.
Changes to UK mortgage market cushions blow to borrowers from interest rate hikes February 7, 2024 Stressing is likely to have supported the "resilience of individual borrowers and the overall market," they noted.
Risk of persistent inflation ‘diminished’ as Bank of England considers timing of interest rate cuts, MPC member says February 7, 2024 "I have become less concerned that interest rates might need to be tightened further," Breeden, a member of the Bank of England's MPC, said.
What is ‘pro-growth’ chancellor Kwasi Kwarteng’s legacy? February 6, 2024 Kwasi Kwarteng's cataclysmic mini-budget still casts a long shadow from Westminster to Threadneedle Street.
Cut interest rates or risk ‘more profound’ impact on UK economy, Bank MPC member warns February 6, 2024 Swati Dhingra, the only member of the MPC to back a rate cut last week, warned that the Bank of England was "underplaying the downside risks".
Bank of England: Rate cuts when not if but Brits must wait for their ‘reward’ February 6, 2024 The Bank of England’s chief economist Huw Pill has said interest rate cuts are a matter of “when” rather than “if” policymakers want to “reward the economy” for progress on inflation.
FTSE 100: London markets tick down as Bank of England cautious on future rate cuts February 1, 2024 London's FTSE 100 ticked down on Thursday as investors digested the Bank of England's latest decision to hold interest rates, with the first three-way split among policymakers since 2008.
After four holds in a row, when will the Bank of England cut interest rates? February 1, 2024 Policymakers did not answer this question directly, but they did give some guidance as to the factors at play.
Bank of England warns inflation to touch two per cent in spring – but will pick up again February 1, 2024 Inflation is expected to pick back up to around 2.7 per cent by the end of this year, remaining above target until the end of 2026.
Bank of England leaves interest rates on hold with Bailey hailing ‘good news’ on inflation February 1, 2024 The Bank of England has kept interest rates on hold for the fourth meeting in a row while policymakers pushed back against expectations of imminent rate cuts. The decision means the Bank Rate remains at a post-financial crisis high of 5.25 per cent, a level reached last August. Six members of the nine-strong Monetary Policy [...]