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14.11.26 - 15:00
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Interest rate rises likely in coming months, Bank of England′s chief economist says (The Guardian)
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'We have further to go,' says Huw Pill after increase to 4% last month as Bank seeks to tackle rising inflationThe Bank of England will probably need to raise interest rates next month and again in early 2027 to combat rising inflation, its chief economist has said.Signalling a sharp rise in mortgage payments for an estimated 2.3 million homeowners who will have to refinance their loans next year, Huw Pill said that while the decision to nudge interest rates from 3.75% to 4% earlier this month was a “significant step” towards getting monetary policy into a better place, “we have further to go”. Continue reading......
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11.11.26 - 07:24
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Bank of England′s inflation response ′risks higher interest rates for longer′ (The Guardian)
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Thinktank Niesr says timid rate rise last week likely to make inflation more persistent feature of UK economyThe Bank of England is risking higher interest rates for longer after a hesitant response to rising inflation, according to leading thinktank.In a searing critique of the central bank's tactics, the National Institute of Economic and Social Research (Niesr) said a timid increase in interest rates last week was likely to mean inflation staying above the Bank's 2% target until at least 2030. Continue reading......
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10.11.26 - 08:48
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BOE′s Bailey Backs UK Trade Opportunities, Including With EU (Bloomberg)
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Bank of England Governor Andrew Bailey, speaking at an event in Zurich Monday, encouraged the UK to pursue any opportunity for greater trade and market access. "If there are opportunities to increase the openness and the markets that we serve, wherever they are, whether it's the European Union, Switzerland, or anywhere else — other things equal, we should take them,” Bailey said. On Thursday UK Prime Minister Andy Burnham will speak with fellow European leaders in Dublin, before an official UK-EU summit later in the month. (Source: Bloomberg)...
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