Farewell transmission: Have interest rates worked to bring down inflation? March 31, 2024 While inflation has fallen from a peak of over 11 per cent to 3.4 per cent, unemployment stands at just 3.9 per cent having fallen in the second half of last year.
Bank of England rate-setter Haskel: Interest rate cuts are still ‘a long way off’ March 28, 2024 "Although the fall in headline inflation is very good news, it is not informative about what we really care about: what we really care about is the persistent and the underlying inflation," Haskel told the Financial Times.
CBI boss warns looming minimum wage increase may stoke inflation March 27, 2024 The increase in the minimum wage could reignite inflationary pressures as firms are forced to pass on costs to consumers, the CBI warned.
Bank of England’s Mann: Markets are pricing in ‘too many’ interest rate cuts this year March 26, 2024 Mann has long been one of the most hawkish members on the MPC, persistently warning about the dangers of stubborn inflation.
Hovis: Cost of a loaf of bread to hold steady after price hikes March 26, 2024 The cost of loaf of Hovis bread is set to remain steady this year after prices were hiked in the aftermath of Russia's invasion of Ukraine.
Bank of England to cut interest rates to three per cent in 2025 after inflation drops March 25, 2024 Interest rates could fall to as low as three per cent in 2025 as the Bank of England slashes the cost of borrowing in response to lower inflation.
‘Loyal’ customers help alcohol subscription service Beer52 weather disposable income hit March 25, 2024 A "loyal" customer base helped alcohol subscription service Beer52 weather the "challenging trading environment" during its latest financial year.
FTSE 100 nears record high as markets bet Bank of England will cut interest rates in June March 22, 2024 Over the course of the week it has gained 2.7 per cent, its strongest performance all year.
‘Stars are aligning’ for UK economy after inflation data and Bank of England rate decision March 22, 2024 "We think the stars are aligning for stronger consumer spending growth this year," Rob Wood, chief UK economist at Pantheon Macroeconomics said.
Bank of England: Interest rate cuts are ‘in play’ as inflation falls, Bailey says March 22, 2024 Could the Bank of England cut rates interest rates sooner than expected?