The latest news and updates from the Bank of England. Extensive coverage and analysis of the BoE's monetary policy decisions and reports, including interest rates and job market data.
"This is quite a hawkish set of communications from the Bank of England," Matthew Ryan, head of market strategy at global financial services firm Ebury, said. "The statement seems to indicate that UK rates will perhaps come down slightly more gradually than had been previously believed." MPC ...
Bank of England likely to wait with next interest rate cut until November, economist says watch now VIDEO03:38 Bank of England governor likely made 'deciding call' on rate decision: economist The Bank of England's next rate cut is likely not to come until November, Kallum Pickering, chief ...
This reflects a fall in the annual growth rate for other forms of consumer credit, from 6.9% in November to 6.7% in December. This fall was partially offset by credit card borrowing growing slightly, from 12.4% to 12.7%, the highest rate since February 2023. The effective interest rate on...
Interest rate cut - but budget means inflation will rise, Bank says Related Topics: Interest Rates Read more:Why is the Bank of England adding to my bills by raising rates? The bank believes that the domestic energy price cap will reach £3,500 per household in October, prompting inflatio...
It is, however, progress. At its recent peak, in October 2022, the inflation index hit 11.1%. The bank predicts that the 2% inflation target will not be met until 2025.13 Is the Bank of England Raising Interest Rates? Yes. The current base rate, which is the Bank's equivalent of the...
LONDON (ICIS)–The Bank of England (BoE) on Thursday cut its key interest rate for the second time this year, instituting a 25 basis point fall as inflation continues below target. The bank cut its core interest rate to 4.75% in the wake ...
Statistics said. This was largely spurred by the drastic 10% Ofgem price cap increase at the start of October. Higher inflation means interest rates are likely to stay higher for longer. And there are concerns that previous expectations for multiple interest rate cuts by the Bank of England ...
October 1, 2024 bank capital requirements, Banking, Prudential regulation Hard on the heels of the Commerce Commission’s inquiry into some aspects of banking competition, Parliament’s Finance and Expenditure Committee is also holding an inquiry. Submissions weren’t open for very long and have ...
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