The Bank of England met expectations by lowering interest rates in the "razor-thin 5-4 split vote" of Thursday, according to the head of market strategy at financial services firm Ebury, allowing the British currency to hold ground. "Sterling held its own following the announcement, despite th...
General view of the Bank of England building in London. Sopa Images | Lightrocket | Getty Images LONDON — The Bank of England on Thursday opted to keep interest rates steady at its June meeting, but described the decision as "finely balanced" after U.K. inflation hit its 2% target. Mone...
The governor of the Bank of England has told MPs that interest rates may not rise much further amid expectations that inflation is set to fall "markedly" by the end of the year. Andrew Bailey said rates were "much nearer now to the top of the cycle" followinga 14th consecutive h...
The Bank of England’s (BoE) monetary policy committee (MPC) raised interest rates by a further 0.25% to 4.25%, meeting consensus expectations. This was down from the 0.50% increase at its previous meeting, when it said that a further deterioration in the infla...
Colin Asher, a senior economist at Mizuho Bank, said the progress of the meeting was basically in line with expectations. The shift in voting was dovish, but not particularly dovish. There doesn't seem to be any significant differences so far, and many people have mentioned the continuation ...
Monetary Policy Committee (MPC) members at the Bank of England voted to lift Bank Rate from 1.75% to 2.25% on Thursday in what might be perceived as a disappointment of 'market expectations' for a larger increase to 2.5%. However, such expectations are inferred from rat...
If you're just coming to this blog, here's a reminder of what the Bank of England said as it announced its decision to hold interest rates at 5.25% for the second month in a row: Six members of the BoE's Monetary P...
As such, markets are today expecting the Bank of England to raise interest rates to hit 6% next year, up from 5% last Thursday. “This would have a huge impact on mortgagor households – immediately for the minority on variable rate mortgages, or over time for those whose...
Investors now expect UK interest rates to rise by February next year after the Bank of England signalled growing concern about a rise in inflation — with some even viewing a 2021 increase as an outside possibility. Sterling was buoyed by the prospect of higher borrowing costs, while the price...
Bank of England deputy casts doubt on market interest rate expectations Stay informed with free updates The Bank of England’s deputy governor for monetary policy has cast doubt on financial market projections that UK interest rates need to rise to more than 5 per cent to bring down inflation. ...