Bank of England: Monetarists warn of challenging outlook before rate call February 4, 2025 Monetarist economists argued a 25bps rate cut may be too little too late given the current weakness of the UK economy.
Bank of England to cut interest rates as growth fears build February 3, 2025 Rate-setters are likely to signal a cautious approach for the remainder of the year given lingering price pressures in the economy.
UK economy will ‘struggle’ to grow more than one per cent in 2025 February 3, 2025 The Big Four firm slashed its 2025 growth projections to 1.0 per cent, down from the 1.5 per cent forecast back in October.
Five graphs the Bank of England will assess before interest rate decision January 30, 2025 The Bank of England's first interest rate decision of 2025 will take place next week, and investors widely expect rate-setters to reduce borrowing costs for a third time.
UK mortgage approvals rise as buyers race to beat stamp duty changes January 30, 2025 The number of mortgages approved by the UK banking sector rose unexpectedly in December, according to new data, suggesting buyers are looking to beat upcoming changes to stamp duty. The Bank of England’s figures showed that 66,500 mortgages were approved last month, which was up from 66,100 approvals in November. Economists had expected the number [...]
Morgan Stanley: Bank of England to cut interest rates five times in 2025 January 28, 2025 The US investment bank slashed its growth forecasts on Monday, citing both the lingering impact of the Bank's monetary tightening and the fallout from the Budget.
Food prices set to rise ‘across the board’ as inflation fears build January 28, 2025 The BRC's shop price index showed that food prices rose 0.5 per cent month-on-month, up from 0.1 per cent in December
Nearly a million extra savers face shock tax bills January 28, 2025 Almost 1m more savers could be hit with shock tax bills this year, Shawbrook Bank has warned – unless they keep their cash in an ISA. More than 6m savers will pay tax on interest in 2025, up 800,000 from the number of savers who had to pay tax on interest last year. This is [...]
Higher UK interest rates could give a boost to productivity January 27, 2025 Analysts at the bank think that more expensive borrowing costs could force firms to employ resources more efficiently.
Bank of England: Goldman Sachs expects deep interest rate cuts January 22, 2025 Markets are significantly underestimating the chance that the Bank of England will have to step up the pace of cutting interest rates, Goldman Sachs has argued. Traders anticipate just two interest rate cuts this year with one more cut priced in for 2026, which would leave the benchmark Bank Rate at 4.0 per cent. It [...]