Tariffs unlikely to spark persistent inflation, Bank of England rate-setter says February 26, 2025 Swati Dhingra, a rate-setter at the Bank of England, said Donald Trump’s tariffs would likely push down on domestic inflation as global exporters slashed prices to maintain market share. Dhingra warned that the UK was “particularly sensitive” to changes in imported costs due to its openness, but suggested that the danger of tariff-induced inflation was [...]
How will inflation impact Bank of England interest rate decisions February 19, 2025 The first inflation figures of the year confirmed what many had already known: Inflation will rise significantly in 2025.
‘Alarm bells’ for Bank of England as inflation accelerates to three per cent February 19, 2025 Inflation picked up faster than expected at the start of the year, official data shows, as concerns grow about the persistence of price pressures in the economy. The headline rate of inflation picked up to 3.0 per cent in January, according to new figures from the Office for National Statistics (ONS). This was up from [...]
Wage growth accelerates again as concerns about inflation rise February 18, 2025 Wage growth accelerated again in the final quarter of last year, new figures show, in a reminder that the UK economy still faces sticky price pressures.
City braces for inflation rebound February 17, 2025 City analysts expect the headline rate of inflation to rise to 2.8 per cent, up from 2.5 per cent in December.
BoE’s Greene backs ‘cautious’ interest rate cuts despite ‘uncomfortable’ growth performance February 12, 2025 A rate-setter at the Bank of England backed a “cautious” approach to cutting interest rates despite the “uncomfortable” recent performance of the economy. “The macroeconomic news over recent months has been uncomfortable,” Megan Greene, an external member of the Monetary Policy Committee (MPC) said. “GDP has roughly flatlined since Spring of last year and expectations [...]
Bank of England needs to ‘cut through the noise’, rate-setter says February 11, 2025 In a speech delivered in Leeds, Mann explained that the persistence of "embedded inflationary behaviours" had diminished due to growing weakness in the economy.
Investors are not taking the Bank of England seriously February 11, 2025 The Bank is clearly far more nervous about inflation than many in the City.
City split following Bank of England’s interest rate decision February 7, 2025 Analysts are divided about how far and how fast the Bank of England is likely to cut interest rates in the remainder of this year following yesterday’s decision. Rate-setters backed a third 25 basis point rate reduction, which brought the Bank Rate down to an 18-month low of 4.5 per cent. Every member of the [...]
Stagflation: Chancellor Rachel Reeves faces mess of her own making February 7, 2025 The Bank now expects the UK economy to grow 0.7 per cent this year, cut from a previous estimate of 1.5 per cent. Inflation, meanwhile, will hit 3.7 per cent later this year.