Cut interest rates or risk ‘more profound’ impact on UK economy, Bank MPC member warns February 6, 2024 Swati Dhingra, the only member of the MPC to back a rate cut last week, warned that the Bank of England was "underplaying the downside risks".
EY warning: Higher interest rates could cost UK firms £25bn over next three years February 6, 2024 Luke Reeve, partner and head of debt advisory at EY, said the adjustment will be "untenable" for some.
Bank of England: Rate cuts when not if but Brits must wait for their ‘reward’ February 6, 2024 The Bank of England’s chief economist Huw Pill has said interest rate cuts are a matter of “when” rather than “if” policymakers want to “reward the economy” for progress on inflation.
Sterling slumps as hawkish Fed spooks investors February 5, 2024 Lower rate expectations tend to hit currencies as it suggests investors will receive a lower rate of return on their investments.
More than £1tn languishing in low-interest savings accounts as Brits urged to shop around February 5, 2024 More than £1tn of savings is languishing in low-interest accounts, according to an analysis of Bank of England data, as Britons are urged to shop around for the best deals.
Unemployment lower than previously thought according to ONS following revamp of data collection February 5, 2024 The ONS has been forced to improve the accuracy of its flagship Labour Force Survey after falling response rates raised questions about the accuracy of the data.
Insolvencies forecast to hit 33,000 in 2024 despite improving economic outlook February 5, 2024 According to new forecasts from the Centre for Economics and Business Research (CEBR), there could be more than 8,000 insolvencies per quarter in 2024.
FTSE 100: London markets tick down as Bank of England cautious on future rate cuts February 1, 2024 London's FTSE 100 ticked down on Thursday as investors digested the Bank of England's latest decision to hold interest rates, with the first three-way split among policymakers since 2008.
After four holds in a row, when will the Bank of England cut interest rates? February 1, 2024 Policymakers did not answer this question directly, but they did give some guidance as to the factors at play.
Bank of England warns inflation to touch two per cent in spring – but will pick up again February 1, 2024 Inflation is expected to pick back up to around 2.7 per cent by the end of this year, remaining above target until the end of 2026.