Governor, Bank of England “We have inflation coming back down to target; and going below target actually. But we have one of the largest upside risks to inflation in our forecast that we’ve had in the 25-year history of the MPC,” Bailey toldCNBC’s Joumanna Bercetche. “A lot of...
Bank of England holds rates in ‘finely balanced’ move, August cut bets increase Thu, Jun 20th 2024 Markets Bank of England set to hold interest rates despite inflation hitting 2% target Wed, Jun 19th 2024 Economy UK inflation falls to Bank of England’s 2% target ahead of elections Wed,...
The Bank of England unsurprisingly raised its policy rate by 25 bps at its May meeting, but the Bank’s messaging distinguished it from the Fed’s and the ECB’s decisions last week.
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The Monetary Policy Committee and the Bank of England uses it as a means to influence the UK economy and control inflation. Volumes of borrowing and spending could lead to changes in the price of goods. Making it more or less expensive to borrow money can encourage people to save or spend...
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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.