Inflation set to return to two per cent target in boost for Bank of England May 19, 2024 The latest UK inflation reading could show a notable fall when it's published this week.
UK a ‘nation of savers’ following surge in inflation, research shows May 17, 2024 Since March 2021, prices have increased by 22 per cent in the UK with a peak annual inflation rate of 11.1 per cent in October 2022.
Labour hoarding makes life difficult for Bank of England, rate-setter says May 16, 2024 Labour hoarding since the pandemic has helped fuel inflation and could mean rates have to remain high, a Bank of England policymaker said.
Bernanke: Inflation was ‘unavoidable’ but the Bank of England needs to change May 15, 2024 The surge in inflation seen over the past few years was "unavoidable," Ben Bernanke said today, as he outlined ways in which the Bank of England could navigate future uncertainty.
Does hot wage growth derail hopes of a June interest rate cut? May 14, 2024 The first round of labour market figures was released this morning and it leaves policymakers in a bit of a bind.
Bank of England’s Pill: Summer interest rate cuts ‘not unreasonable’ but ‘still some work to do’ May 14, 2024 Speaking at an event run by the Institute of Chartered Accountants in England and Wales (ICAEW), Pill stressed that the Bank's focus would be on the persistent components of inflation in the weeks ahead.
Higher wage growth has not fuelled inflation – but it will if productivity does not improve May 13, 2024 Despite stronger real wage growth, productivity - which measures workers' output per hour - has actually deteriorated in the past year.
Number of new homes built in 2024 plunges by a fifth in blow to government house building targets May 13, 2024 "Rises in the Bank of England's base rate have driven mortgage rates higher, leading to a drop in new home purchases and a slowdown in house price growth," Steve Wood, chief executive of the NHBC said.
Banks divided: Interest rate decision sparks debate over timing – June or August? May 10, 2024 Investment banks are divided on when the Bank of England (BoE) may execute its initial rate cut.
Dovish Bank of England opens the door to interest rate cuts May 9, 2024 "Its likely that we will need to cut Bank Rate over the coming quarters…possibly more so than currently priced into market rates," Bailey said.
