Savers not seeing all of Bank of England’s interest rate hikes, Bailey suggests February 13, 2024 "Overall deposit rates have risen by somewhat less than Bank Rate," Andrew Bailey said in a speech at Loughborough University.
Bank of England risks being ‘too slow’ in cutting interest rates, Haldane warns February 12, 2024 The Bank of England's former chief economist said today that he would have already voted to cut interest rates given the UK's slow growth rate and progress on taming inflation.
Winter recession to be confirmed for UK economy – but experts are upbeat about 2024 February 12, 2024 New figures are likely to confirm that the UK economy fell into a shallow recession in the second half of last year, but experts are hopeful that 2024 will be a better year.
Bank of England to start cutting interest rates in May with inflation on its way to target February 12, 2024 Andrew Bailey, the Bank's governor, noted the "good news" on inflation while Huw Pill, the Bank's chief economist, suggested rate cuts were a "when rather than an if".
Inflation set to rise again in January but experts say increase is just ‘a bump in the road’ February 10, 2024 Both City experts and the Bank of England think that headline inflation will rise to around 4.1 per cent in January, having already posted a surprise rise to four per cent in December.
Bank’s Haskel wants ‘more evidence’ of falling inflation before cutting interest rates February 9, 2024 In an interview with Reuters, Haskel said "the signs that we've seen thus far are encouraging. I don't think we've seen quite enough signs yet".
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.
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.
Bank of England to cut interest rates in May as inflation forecast to undershoot target by summer February 7, 2024 Falling energy prices will push the headline rate of inflation below the two per cent target early this year, according to the National Institute of Economic and Social Research (NIESR).
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".