The Bank of England 's governor last night forecast another big drop in inflation after it fell to the lowest level since September 2021.
The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
Andrew Bailey says inflation is in line with BoE forecasts but view of markets is that data will delay interest rate cutsAnalysis: Sunak hopes of pre-election rate cuts frustratedThe governor of the Bank of England, Andrew Bailey, has shrugged off a smaller-than-expected drop in inflation last month, saying he expected a sharp fall towards the government’s 2% target next month.Speaking in Washington after news that the government’s preferred measure of the cost of living had eased to 3.2% in...
Analysts expect the headline rate of inflation for March to ease to 3.2 per cent from 3.4 per cent, when new figures are published this week.
Huw Pill warns inflation could rebound as UK business survey signals economy strengthened over last monthThe prospects of a summer cut in UK interest rates have receded after the Bank of England’s chief economist said inflation must be squeezed out of the economy and cautioned against cutting too soon.After a key survey signalled strong sales across the private sector over the past month and the London stock market rose to a record high, Huw Pill said concerns remained that inflation, which is...
Interest rate cuts are beginning to look like a mirage: the closer we seem to get to them the more…What to read next: Scrapping Ofsted would suit teachers – but be terrible for children | Why one-man plays are all the rage | Are we really reaching ‘farmaggedon’? | The irresponsibility of ‘two years to save the planet’
Dave Ramsden, one of the nine Monetary Policy Committee (MPC) members, told an audience in Washington that he was now "more confident" that inflationary pressures were receding.
Most of this week has been dominated by discussions about when the Bank of England will start cutting interest rates.
Andrew Bailey has signalled UK interest rates remain on course to fall in the coming months amid growing fears that stubborn inflation will force the US to delay rate cuts.]]>
Morgan Stanley says that the Bank of England will cut interest rates as soon as May, in a notable sign of optimism amid waning market sentiment.
Consumers face the prospect of permanently higher interest rates amid geopolitical tensions and “slower globalisation”, a Bank of England official has warned.]]>
Inflation and hiring have been firmer than expected this year, weakening