Bank of England rate-setter warns Trump’s tariffs will damage growth Economics “Whether you are an economic historian, an economic theorist or a data-driven economist, the impact is clear in terms of its direction," she said.
Bank of England’s Lombardelli supports ‘gradual’ interest rate cuts Economics In her first speech as one of the Bank's deputy governors, Lombardelli said she supported a "gradual removal" of monetary policy restriction.
UK inflation set to jump above target in headache for Rachel Reeves Economics UK inflation is expected to have surged above the Bank of England's two per cent target in October, bolstering a cautious approach to cutting interest rates in the months ahead.
Monetary policy needs to be ‘more forceful’ as global economy becomes less stable November 14, 2024 "Over the next few years at least, volatility in macroeconomic variables likely will be elevated," Mann said at the Annual Conference of the Society of Professional Economists in London.
Bank of England’s Pill backs ‘gradual’ interest rate cuts despite ‘sticky’ pay growth November 12, 2024 Pointing to the pay figures from this morning, Pill said wage pressures remain "quite sticky".
Bank of England cuts interest rates but warns Budget will stoke inflation November 7, 2024 The Bank of England's rate decision comes just a week after the Budget.
Bank of England set to lower interest rates as Budget dampens bets for 2025 November 3, 2024 The Bank of England is expected to lower interest rates this week, while markets are betting on fewer cuts next year after forecasts suggested the new government's first Budget will push up inflation.
Bank of England more likely to back faster rate cuts after inflation surprise October 16, 2024 New figures showed that inflation came in below the two per cent target for the first time since April 2021.
Inflation falls below two per cent for first time since April 2021 October 16, 2024 September's inflation figures come a day after official data showed a further easing in wage growth, which bolstered bets that the Bank would cut interest rates in November.
Despite falling unemployment, a November rate cut looks almost certain October 15, 2024 The figures showed that regular pay growth was at its lowest level since June 2022 while pay growth including bonuses dropped to its lowest level since November 2020.