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UK inflation

  • Surging housing costs push inflation back above Bank of England target

    November 20, 2024

    Inflation has risen back above the Bank of England’s two per cent target, the latest data has shown today.  According to the latest figures from the Office for National Statistics (ONS) consumer price inflation (CPI) hit 2.3 per cent in October.  The figure came in above economists projections. Economists had forecast CPI to come in [...]

  • UK inflation set to jump above target in headache for Rachel Reeves

    November 18, 2024

    UK inflation is expected to have surged above the Bank of England's two per cent target in October, bolstering a cautious approach to cutting interest rates in the months ahead.

  • Monetary policy needs to be ‘more forceful’ as global economy becomes less stable

    November 14, 2024

    "Over the next few years at least, volatility in macroeconomic variables likely will be elevated," Mann said at the Annual Conference of the Society of Professional Economists in London.

  • Bank of England’s Pill backs ‘gradual’ interest rate cuts despite ‘sticky’ pay growth

    November 12, 2024

    Pointing to the pay figures from this morning, Pill said wage pressures remain "quite sticky".

  • The Bank of England has a lot to be cautious about

    November 7, 2024

    The Bank of England's latest interest rate decision could hardly have come at a busier time.

  • Bank of England cuts interest rates but warns Budget will stoke inflation

    November 7, 2024

    The Bank of England's rate decision comes just a week after the Budget.

  • Bank of England and Fed to cut interest rates despite fiscal fears

    November 6, 2024

    The Bank held rates at its last meeting in September, but signalled that further cuts were on the way if there continued to be progress on inflation.

  • Why the Budget complicates life for the Bank of England

    November 5, 2024

    Just when it seemed that inflation was finally coming under control, the government has announced a big increase in public spending.

  • Bank of England set to lower interest rates as Budget dampens bets for 2025

    November 3, 2024

    The Bank of England is expected to lower interest rates this week, while markets are betting on fewer cuts next year after forecasts suggested the new government's first Budget will push up inflation.

  • Housing market continues to strengthen as mortgage rates fall

    October 29, 2024

    New figures from the Bank of England showed that 65,600 new mortgages were approved in September, the highest figure since August 2022.

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