Bank of England’s Andrew Bailey ‘optimistic’ that inflation will fall but still ‘too early’ to discuss rate cuts November 8, 2023 Speaking at a conference hosted by the Central Bank of Ireland, Mr Bailey said that Brexit had reduced the openness of the British economy.
Bailey warns against fragmenting clearing market as EU pushes on with post-Brexit plans November 8, 2023 Andrew Bailey, governor of the Bank of England, has warned policymakers against taking steps that would lead to increasing fragmentation in the financial system.
‘Tough on crime’: Will Sunak’s law and order focus deliver at the polls? November 7, 2023 The government has denied plans to lock up killers, rapists and grooming gangs for longer are simply a bid for votes ahead of the next general election - but could the policy prove to be a vote winner?
Bank of England’s Huw Pill says interest rates unlikely to return to zero November 7, 2023 Interest rates are unlikely to return to the ultra-low levels seen during the 2010s, according to the Bank of England's chief economist Huw Pill.
UK climate group secures £3m investment from Barclays November 6, 2023 The cash injection was provided by Barclays Sustainable Impact Capital, a programme set up by the bank to invest £500m in startups by 2027.
Mortgage rates are dropping — could they ‘continue to edge downwards’? November 6, 2023 A managing partner at Knight Frank Finance said the below five per cent mortgage rates would help improve property market sentiment
Traders to focus on Powell, Bailey and Lagarde speeches this week November 5, 2023 Investors this week will hone in on speeches from some of the world's most important central bankers in what is set to be a much quieter week for markets.
Bank’s Huw Pill: inflation won’t necessarily fall fast as demand slows November 3, 2023 Meanwhile, Jeremy Hunt said on Friday that the government would carry on working with the Bank over the central bank's sales of its massive bond-buying purchases.
Why did the Bank of England opt for a ‘hawkish’ hold despite bleak growth outlook? November 2, 2023 Although markets were certain that the rate would be held at 5.25 per cent, the Bank's hawkish tone caught them by surprise.
Fight against inflation enters new phase after Bank of England holds interest rates again November 2, 2023 The battle against inflation has clearly entered a new phase.