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05.02.26 - 18:06
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Bank of England keeps interest rates at 3.75% as inflation concerns persist (The Guardian)
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Bank indicates anti-inflation measures in Rachel Reeves's budget likely to pave way for rate cuts in months aheadBusiness live – latest updatesUK inflation rises for first time in five months to 3.4% in DecemberBank of England policymakers have left interest rates unchanged at 3.75%, but indicated that lower inflation as a result of cost-of-living measures in Rachel Reeves's budget should pave the way for cuts in the months ahead.The nine-member monetary policy committee (MPC) voted to leave borrowing costs on hold, despite forecasting weaker growth and lower inflation than at its last quarterly forecast in November. Continue reading......
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05.02.26 - 08:18
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Bank of England expected to leave interest rates on hold after rise in inflation – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Interest rates on both sides of the channel are likely to be left on hold today, but relief may be coming for UK borrowers within months.“The Bank of England is widely expected to keep interest rates unchanged in February. On the back of the Budget, we could see a more benign outlook on the inflation front, at least in the short-term.When it comes to forward guidance, the BoE is likely to remain noncommittal about the timing of any future interest rate cuts. That said, the combination of lower inflation ahead and continued softening of the UK labour market should reinforce the central bank's view that the path for monetary policy is towards a lower Bank rate, potentially as early as next month.”For investors, this environment of stable inflation and steady interest rates provides a degree of clarity and reduces the risk of further policy ...
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23.01.26 - 17:12
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Strong UK pay growth could limit interest rate cuts, Bank policymaker warns (The Guardian)
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Megan Greene says apparent end to the decline in wage growth could hinder fight against inflationThe Bank of England may not be able to lower interest rates as much as expected this year, due strong UK pay growth and expected rate cuts in the US, one of its top policymakers has said.Megan Greene, a member of the Bank's monetary policy committee (MPC), which sets interest rates in the UK, said she was concerned that wages appear to be growing strongly again this year and this may stop inflation from easing. Continue reading......
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