Why the Budget complicates life for the Bank of England
Just when it seemed that inflation was finally coming under control, the government has announced a big increase in public spending.
Bank of England expected to drop interest rates to 4.75 per cent
The Bank of England’s Monetary Policy Committee (MPC) is expected to cut interest rates from 5 per cent to 4.75 per cent on Thursday. The Bank cut interest rates from a 16-year high of 5.25 per cent in August, but kept them on hold in September.
Hopes the Bank of England will cut the base rate twice before Christmas fade after Budget
An increase in taxes in the Budget is expected to feed through to higher inflation in the coming months and years
Inflation-boosting UK budget hits bets on Bank of England rate cuts
By Andy Bruce LONDON (Reuters) -Higher inflation fuelled by Britain's new big-spending budget plans is likely to prevent the Bank of England from cutting interest rates over the next year by as much as investors had expected,
Bank of England rate cut expected despite ‘fiscal loosening’ of Budget
A quarter-point cut is forecast on Thursday, but Labour’s Budget has trimmed hopes of a rapid string of rate cuts afterwards.
Bank of England 'nailed on' to cut interest rate as experts issue Budget warning
Bank of England policymakers will announce the result of their November meeting on Thursday, when most analysts think they will trim the base rate by a quarter-point to 4.75 per cent
UK bonds slide after inflationary UK budget hurts BoE rate cut bets
By Andy Bruce and David Milliken LONDON (Reuters) -British government bond prices tumbled for a second day on Thursday as investors judged finance minister Rachel Reeves' first budget would boost inflation and cause the Bank of England to cut interest rates more slowly.
UK builders battered as borrowing costs rise: Investors trim bets on Bank of England interest rate cuts
On a day of turmoil on financial markets, blue chip developer Persimmon fell 7.5% while Bellway was down 7% and Taylor Wimpey shed 6.7%.
A Third of UK Inflation Basket Is in Deflation, Analysis Finds
A third of Britain’s official “shopping basket” has slipped into deflation, providing another green light for the Bank of ...
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Bank of England Consults on Fees Regime for Financial Market Infrastructure Supervision 2024/25
The Bank of England has began consulting on proposals for its supervisory fees for financial market infrastructure firms for 2024/25. The ...
Bank of England to press on with digital currency in case banks fall short, Bailey says
The Bank of England is reluctantly pressing on with work to create a form of digital money accessible to the general public, ...
Rachel Reeves’s tax raid will hit working people, says former Bank of England governor
It comes as Bridget Phillipson declined to say whether small business owners considered ’working people’ by Government ...
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Bank of England weighs in on AI governance
The Bank of England considers the latest wave of AI developments to be a “step change” for financial modelling that brings ...
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Bank of England's Mann says fall in inflation pressure has long way to go
WASHINGTON, Oct 24 (Reuters) - Bank of England interest rate-setter Catherine Mann welcomed a recent fall in inflation in ...
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Bank of England warns against AI ‘complacency’
UK financial services regulator wants to increase understanding of AI’s benefits and how firms are managing the risks it poses, as take-up grows and use cases increase.
Investors Might Make Final Positioning Ahead of U.S. Elections
Treasury and Bund yields were lower in early European action and Pepperstone said there was some more room for final positioning ahead of the U.S. presidential election, with almost all market ...
Money blog: Two-year mortgages overtake five years as eyes turn to Bank of England decision
Two-year fixed rates outperformed five-year fixed rates in September as the most popular mortgage product choice. Read this, ...