Leaving interest rates on hold risks deepening recession, Haldane warns February 19, 2024 Leaving interest rates on hold for too long risks deepening the UK's recession, the Bank of England's former chief economist has said.
Recession or rebound: Where is the UK economy after blockbuster week of data? February 16, 2024 The UK is in recession, but there are also signs of a rebound. Inflation lower was than expected but wage pressures remain strong. What does it all mean?
Brexit left Britain more exposed to higher inflation, warns member of Bank’s MPC February 15, 2024 Greene's comments come after a busy week of data for the UK economy.
Recession confirmed for UK after GDP dropped 0.3 per cent in final quarter February 15, 2024 The UK has struggled to generate any momentum over the course of 2023 due to the dual impact of rising inflation and high interest rates.
January’s inflation data ‘encouraging’ and strong pay figures not unduly concerning, Bailey says February 14, 2024 Speaking in the House of Lords' Economic Affairs Committee, Bailey admitted that the figures, published this morning, were "good news".
Why inflation staying stuck at four per cent is actually good news February 14, 2024 The fact that the headline rate of inflation remained steady in January despite these increases points to stronger than anticipated disinflationary pressures elsewhere.
Inflation comes in below expectations at four per cent thanks to falling food prices February 14, 2024 Markets expect the Bank of England to start cutting interest rates in June with three rate cuts expected over the course of the year.
Wage pressures ease again but beat Bank of England’s expectations February 13, 2024 Rate-setters at the Bank of England have argued that pay pressures need to ease before interest rates can start being cut.
Savers not seeing all of Bank of England’s interest rate hikes, Bailey suggests February 13, 2024 "Overall deposit rates have risen by somewhat less than Bank Rate," Andrew Bailey said in a speech at Loughborough University.
Bank of England risks being ‘too slow’ in cutting interest rates, Haldane warns February 12, 2024 The Bank of England's former chief economist said today that he would have already voted to cut interest rates given the UK's slow growth rate and progress on taming inflation.