Bank of England’s Andrew Bailey ‘optimistic’ that inflation will fall but still ‘too early’ to discuss rate cuts November 8, 2023 Speaking at a conference hosted by the Central Bank of Ireland, Mr Bailey said that Brexit had reduced the openness of the British economy.
Bailey warns against fragmenting clearing market as EU pushes on with post-Brexit plans November 8, 2023 Andrew Bailey, governor of the Bank of England, has warned policymakers against taking steps that would lead to increasing fragmentation in the financial system.
Bank of England’s Huw Pill says interest rates unlikely to return to zero November 7, 2023 Interest rates are unlikely to return to the ultra-low levels seen during the 2010s, according to the Bank of England's chief economist Huw Pill.
New UK growth figures to ‘mark the start of a mild recession’ November 6, 2023 New figures out on Friday are expected to show that the economy contracted in the third quarter, raising the possibility that the UK is already in a recession.
Why did the Bank of England opt for a ‘hawkish’ hold despite bleak growth outlook? November 2, 2023 Although markets were certain that the rate would be held at 5.25 per cent, the Bank's hawkish tone caught them by surprise.
Fight against inflation enters new phase after Bank of England holds interest rates again November 2, 2023 The battle against inflation has clearly entered a new phase.
Bank of England leaves interest rates on hold with gloomy prospects for UK growth November 2, 2023 Higher for longer interest rates will bring growth to a near standstill until the end of 2025, new forecasts from the Bank of England show, as it left interest rates on hold for the second time in a row. The decision to hold, which was backed by six members of the nine-strong Monetary Policy Committee [...]
Five charts the Bank of England will study ahead of Thursday’s interest rate decision November 1, 2023 Although inflation is slowly coming down, warning lights are flashing across much of the UK economy.
Why the outlook is bleak for UK firms despite first drop in profit warnings since mid-2021 October 30, 2023 Profit warnings among UK companies fell for the first time since 2021 in the third quarter, but access to credit is fast becoming a major concern for firms.
Bank of England set to leave rates on hold as economy teeters on edge of recession October 30, 2023 The Bank of England will leave interest rates on hold for the second meeting in a row as policymakers attempt to bring inflation down to target without tipping the economy into a recession.