Bank of England holds rates but August cut still on the table June 20, 2024 The Bank of England has voted to leave interest rates on hold for a seventh consecutive meeting.
August interest rate cut in doubt despite inflation falling to target June 19, 2024 Inflation dropped to two per cent, prompting champagne corks to go flying in CCHQ. But MPC members might be a bit slower to crack out the fizz.
Inflation drops to two per cent ahead of Bank of England interest rate decision June 19, 2024 Even though inflation has returned to near the two per cent target, the Bank of England is very unlikely to cut interest rates tomorrow.
Firms still face ‘significant pressure’ despite slight decline in insolvencies June 18, 2024 Last year saw the highest number of company insolvencies since 1993, with 25,000 firms going under.
Bank of England to hold rates even as inflation looks set to fall to two per cent June 16, 2024 The rate-setting Monetary Policy Committee (MPC) left the door open for a June cut at its last meeting in May, but since then a number of data releases have pointed to stubborn inflationary pressures.
Bank of England to take centre stage for markets amid continuing fallout from Macron’s gamble June 16, 2024 In the last week alone BNP Paribas and Credit Agricole have lost around eight per cent while Societie Generale has lost nearly 11 per cent.
Shares in Lloyds, Natwest and HSBC jump as Reeves appears to rule out Labour raid on lenders June 12, 2024 Shares in the UK's high street banks were among the biggest risers in a wider market rally on Wednesday.
Number of borrowers behind on mortgages jumps to eight-year high June 11, 2024 Households are continuing to feel the strain from the Bank of England's interest rate hikes with the share of mortgages in arrears continuing to creep up.
August interest rate cut not a ‘slam dunk’ after ambiguous labour market data June 11, 2024 "The labour market is gradually easing," Rob Wood, chief UK economist Pantheon Macroeconomics said, but an August cut is "not a slam dunk".
Wage growth barely moves but unemployment creeps up as Bank of England considers rate cuts June 11, 2024 The figures will be closely scrutinised as policymakers at the Bank of England consider when to cut interest rates.