Inflation falls below two per cent for first time since April 2021 October 16, 2024 September's inflation figures come a day after official data showed a further easing in wage growth, which bolstered bets that the Bank would cut interest rates in November.
Despite falling unemployment, a November rate cut looks almost certain October 15, 2024 The figures showed that regular pay growth was at its lowest level since June 2022 while pay growth including bonuses dropped to its lowest level since November 2020.
Wage growth eases again in boost for rate cut hopes October 15, 2024 Strong wage growth has been a concern for policymakers at the Bank of England due to fears that it could keep cost pressures elevated, particularly in the labour-intensive services sector.
UK inflation expected to fall below two per cent target October 13, 2024 UK inflation is tipped to fall below the Bank of England's two per cent target for the first time in more than three years.
Bank of England should not adopt ‘aggressive’ rate cuts October 8, 2024 In an interview with the Guardian, Governor Andrew Bailey said there was a chance that the Bank could become a "bit more activist" on rate cuts in the months ahead.
Growing labour market slack ‘strengthens case for further rate cuts’ October 7, 2024 "A greater number of candidates and reduced demand helped to limit pay growth," the survey said.
Pound sterling set for worst week all year as markets reassess path for interest rates October 4, 2024 The decrease has knocked sterling from its remarkably strong start to the year, which has seen it outperform all other major currencies.
Bottega Veneta returns to the black amid interest rate and inflation woes October 4, 2024 The UK arm of Italian luxury fashion house Bottega Veneta returned to the black in 2023 despite the cot-of-living crisis cutting into its sales. The West Sussex-headquartered division has posted a pre-tax profit of £336,007 for its latest financial year, according to newly-filed accounts with Companies House. The total comes after the business reported a pre-tax [...]
Construction sector surges thanks to interest rate cuts and planning reform October 4, 2024 "UK construction companies indicated a decisive improvement in output growth momentum during September," Tim Moore, economics director at S&P Global Market Intelligence said.
Bank of England’s Huw Pill: ‘Ample reason for caution’ on interest rates October 4, 2024 Huw Pill, chief economist at the Bank of England, called for a “gradual” approach to cutting interest rates, citing continued concerns about the potential upside risks to the inflationary outlook. In a speech this morning Pill said there was “ample reason for caution” when assessing the dissipation of inflationary persistence. “While further cuts in Bank [...]