Wage growth accelerates to 5.6% in new headache for the Bank of England - The surge will complicate the Bank of England’s decision on interest rates next month
Read Less Inflation edged down to an annual rate of 2.5% in December, from 2.6% the month before, providing a glimmer of hope that the Bank of England might cut interest rates at some point in the ...
The Bank of England's Monetary Policy Committee (MPC) uses interest rates to put a brake on the nation's spending.
Inflation in the U.K. unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month
However, it means the Consumer Prices Index (CPI) - the main measure of inflation - remains stubbornly above the Bank of England’s target of 2%. The Office for National Statistics (ONS ...
The fall in the headline rate of inflation from 2.6 percent to 2.5 percent was unexpected and positive news for the Chancellor Rachel Reeves.
The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but they added that risks to inflation are to the upside, suggesting policymakers may end up doing less.
Latest figures show that UK inflation dropped last month, potentially affecting the Bank of England's interest rate decision next month. The Consumer Prices Index (CPI) rate fell from 2.6 per cent ...
Wisdom acquired around the kitchen table of a Yorkshire mining household helped to shape Professor Alan Taylor’s view of economics.
The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.
Alan Taylor, the most recently appointed member of the Bank's monetary policy committee (MPC) said the UK is 'in the last half mile on inflation' and called for a pre-emptive cut
GBP/USD inched lower as Trump confirmed that the universal tariff hikes proposal remains afloat. US President Donald Trump issued a memorandum instructing federal agencies to investigate and address ongoing trade deficits. The latest UK labor market report provides the BoE with a "green light to cut in February."