Category: Monetary policy committee

UK inflation falls below 2% for first time since 2021 in boost to Rachel Reeves

Surprise annual drop to 1.7% in September raises chance of interest rate cuts, increasing budget leewayAnalysis: Sharp inflation drop gives green light to more aggressive rate cutsBusiness live – latest updatesInflation in...

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Bank of England says it could lower interest rates faster than expected, but June cut isn’t ‘fait accompli’ – business live

Bank of England governor Andrew Bailey is briefing reporters after BoE left UK interest rates on hold again in a dramatic 7-2 splitThe pound is slightly lower this morning, dipping by a quarter of a cent to $1.2472 against the...

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Bank of England governor shrugs off smaller-than-expected fall in inflation

Andrew Bailey says inflation is in line with BoE forecasts but markets view data as pushing back interest rate cutsAnalysis: Sunak hopes of pre-election rate cuts frustratedThe Bank of England governor, Andrew Bailey, has...

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Bank of England governor dampens hopes of interest rate cut

Andrew Bailey says cost of living had been higher than expected in December despite ‘encouraging’ inflation newsUK households face battle to regain former living standardsWhich goods and services have changed most in...

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Bank of England warns of recession risk in run-up to expected election next year

Interest rates left unchanged at 5.25% as Bank signals 50-50 chance of recession by summerBoE warns of recession risk in election run-upBusiness live – latest updatesUK politics live – latest updatesThe Bank of...

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