‘Real risk’ inflation could become embedded, Bank of England’s new deputy governor warns September 12, 2023 Speaking to MPs, Breeden said "the challenge right now is that wages are high and rising and there is a real risk that the second-round effects mean that this inflation becomes embedded."
Brits face mortgage crisis as number in arrears climbs to highest this decade September 12, 2023 New arrears cases accounted for 16 per cent of total outstanding balances, which was roughly constant to the previous quarter.
Bank of England’s Mann signals support for interest rate hike after warning on ‘inflation persistence’ September 11, 2023 Speaking at the Canadian Association for Business Economics, Mann said "the risk of tightening too little is more salient" than tightening too much.
Jeremy Hunt: No tax cuts on the cards before next general election September 11, 2023 Jeremy Hunt has hinted that tax cuts are unlikely to be on offer before the next general election after warning that inflation had proved “stickier than was forecast”. The Chancellor told Bloomberg that he did not expect to have more fiscal headroom at the Autumn Statement — compared with the spring Budget — and “debt [...]
Inflation: Firms expect to hike prices at slowest rate since November 2021 September 7, 2023 Firms are expecting price and wage growth to ease over the coming months, giving rate-setters a boost in their fight against inflation.
Interest rates nearing peak as inflation set for ‘quite marked’ fall this year, Bailey says September 6, 2023 The Bank of England is nearing the end of its monetary tightening cycle, the Bank's governor suggested today, adding that there will be a "quite marked" fall in inflation by the end of the year.
‘No room for complacency’ on inflation: Bank of England’s Pill hints at 15th straight interest rate hike August 31, 2023 The Bank of England’s chief economist warned that there was “no real room for complacency” in bringing inflation down back to target, suggesting more rate hikes are in the offing. Speaking at a research conference in South Africa, Huw Pill said “inflation remains too high, well above target, and there is no real room for [...]
Only one in five think the Bank of England is doing a good job – but they still trust it more than politicians August 29, 2023 Just 18 per cent of the public think the Bank of England are doing a good job, but a majority still think politicians should not be given control of monetary policy.
Trade bodies warn Bank of England economic data ignores small business fears August 22, 2023 The proportion of businesses that will struggle to pay back debts due to rising interest rates could increase to the highest level since the financial crisis, the Bank of England has warned. In a blog post published today, the central bank said the proportion of firms that are seeing debt-servicing distress is projected to increase [...]
Former Bank governor Carney called in to head Bloomberg board August 22, 2023 Bloomberg has called in former Bank of England governor Mark Carney to chair a new board of directors in a slew of senior promotions.