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...
It’s understood staff were informed at a meeting this morning.
The review, launched last summer, was led by Ben Bernanke, who chaired the Federal Reserve between 2006 and 2014.
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...
Under-investment had led to a "complicated and unwieldy system" being used,
Aaron LaBerge, the chief technology officer at Walt Disney Co.'s
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.
Red Bull design chief Adrian Newey is to leave the team in the wake of the controversy involving allegations about team principal Christian Horner.
Most of this week has been dominated by discussions about when the Bank of England will start cutting interest rates.
World Athletics’ decision to award prize money to gold medallists has been blasted by the head of cycling ahead of the Olympics this summer. This year will see prize money awarded to gold med
In the market for senior police officials, Los Angeles is hiring. As of this week, the city faces an unprecedented three vacancies in key LAPD leadership and oversight positions: chief, inspector general and executive director of the Board of Police Commissioners. The current inspector general, Mark Smith, was named Monday as an independent monitor to oversee police reforms in Portland, Ore. Another top oversight official, Richard Tefank, who served as executive director for the Board of Police...