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".
Wage growth comes in ahead of expectations despite loosening labour market November 12, 2024 Bank of England rate-setters received a mixed picture from the latest labour market figures, with progress on wage growth stalling even as unemployment crept up. According to the Office for National Statistics (ONS), pay growth excluding bonuses eased to 4.8 per cent in the three months to September, down from 4.9 per cent previously but [...]
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.
Housebuilding woes ahead of Budget weigh on construction activity November 6, 2024 Having reached a 29-month high in September, S&P's construction purchasing managers' index (PMI) "slowed considerably" last month.
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.