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.
Pimco boss: UK risks ‘hard landing’ as consumers feel the pinch from higher rates December 19, 2023 UK faces a "higher probability of more significant economic deterioration" than US
‘Further evidence’ needed to show wage growth is falling, Bank’s Broadbent warns December 18, 2023 The Bank of England needs "further evidence" that wage growth was decisively cooling before cutting interest rates, a member of the Monetary Policy Committee (MPC) said today.
UK needs to ‘get its mojo back’ as another forecaster warns of slow growth December 18, 2023 "While the UK economy is resilient, it needs to get its mojo back," Yael Selfin, chief economist at KPMG UK, 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.
Labour has no plans to change pensions triple lock, Kendall says December 5, 2023 Labour has “no plans” to change the pensions triple lock, shadow work and pensions secretary Liz Kendall has said.
Eurozone inflation slumps raising the prospect of rate cuts November 30, 2023 Core inflation - which strips out volatile components like food and energy - dropped from 4.2 per cent to 3.6 per cent.
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.
‘Realist’ Bailey says Bank of England is ‘getting sleeves rolled up’ to tackle inflation November 29, 2023 In an interview with the Daily Staffordshire, the Bank's governor said "we are not in a place now where we can discuss cutting interest rates."
Hawkish Bank officials warn hot labour market means ‘higher rates for longer’ November 28, 2023 Markets think that the Bank will start to unwind its historic run of interest rate rises next summer.