Falling in time for Christmas: Grocery inflation down to single digits for the first time in 16 months November 7, 2023 Despite the milestone, consumers are only seeing year-on-year price falls in a limited number of categories, including butter, dried pasta and milk.
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.
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.
Bank of England leaves interest rates on hold with gloomy prospects for UK growth November 2, 2023 Higher for longer interest rates will bring growth to a near standstill until the end of 2025, new forecasts from the Bank of England show, as it left interest rates on hold for the second time in a row. The decision to hold, which was backed by six members of the nine-strong Monetary Policy Committee [...]
Five charts the Bank of England will study ahead of Thursday’s interest rate decision November 1, 2023 Although inflation is slowly coming down, warning lights are flashing across much of the UK economy.
Bank of England set to leave rates on hold as economy teeters on edge of recession October 30, 2023 The Bank of England will leave interest rates on hold for the second meeting in a row as policymakers attempt to bring inflation down to target without tipping the economy into a recession.
Five pledges: How is Rishi Sunak doing after one year in No10? October 25, 2023 Just 12 months ago today, Rishi Sunak made history. Entering No10, on 25 October, 2022, he became the UK’s first British Asian and Hindu Prime Minister – and took over from his record-breaking predecessor after just 49 days. Since then, he’s lost five by-elections; visited Ukraine, the US and Israel, and seen his personal poll [...]
Inflation target: Why economists think it’s time for a change October 24, 2023 With inflation now on the way down, attention is beginning to turn to what the 'new normal' will be - if we ever make it there.
Steady inflation should not set alarm bells ringing at the Bank of England — yet October 18, 2023 After the excitement of August's surprise drop in inflation, September's figures cannot help but feel a bit disappointing.