The City expects a cut in interest rates on Thursday but the economic prospects for 2026 complicate the pictureIn the economic gloom of Labour’s first year in power, Rachel Reeves has had a reliable shred of comfort to...
Read MorePolicymakers keep borrowing costs at 4% before crucial budget while also warning of persistent weak growthAnalysis: Bank of England’s decision to keep interest rates at 4% is not all doom and gloomThe Bank of England has...
Read MoreBorrowing costs kept unchanged for second meeting in a row, with inflation at nearly twice official targetBusiness live – latest updatesBank of England policymakers have voted to leave interest rates at 4%, as Rachel...
Read MoreCity predicts quarter-point drop to 4% when MPC meets on ThursdayBank of England policymakers are widely expected to cut interest rates this week to prevent the economy sliding backwards amid rising unemployment and the hit to...
Read MoreAnnual rate increases to 2.6% in November, driven by rising cost of groceries and hike in tobacco duty in budgetBusiness live – latest updatesUK inflation has risen to its highest level in eight months, adding to pressure...
Read MoreSurprise 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...
Read MoreAnnual drop to 1.7% in September puts pressure on Bank of England to cut interest rates next monthBusiness live – latest updatesUK Inflation fell below 2% in September for the first time in three and a half years, piling...
Read MoreBank 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...
Read MoreAndrew 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...
Read MoreEx-Treasury official and adviser to David Cameron will replace Ben Broadbent, making MPC majority female for first timeBusiness live – latest updatesThe Bank of England’s interest-rate-setting committee is set to...
Read MoreAndrew 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...
Read MoreThreadneedle Street says Britain faces tougher job to crush inflation than other advanced nationsThe Bank of England has said Britain is facing a tougher job to crush persistently high inflation than other advanced nations, as...
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