Wage growth accelerates to 5.6% in new headache for the Bank of England - The surge will complicate the Bank of England’s decision on interest rates next month
The Bank of England's Monetary Policy Committee (MPC) uses interest rates to put a brake on the nation's spending.
Inflation in the U.K. unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month
The fall in the headline rate of inflation from 2.6 percent to 2.5 percent was unexpected and positive news for the Chancellor Rachel Reeves.
The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but they added that risks to inflation are to the upside, suggesting policymakers may end up doing less.
Inflation cooled slightly to 2.5% in December, adding to the likelihood the Bank of England will move to cut interest rates against a difficult economic backdrop.
Wisdom acquired around the kitchen table of a Yorkshire mining household helped to shape Professor Alan Taylor’s view of economics.
The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.
Alan Taylor, the most recently appointed member of the Bank's monetary policy committee (MPC) said the UK is 'in the last half mile on inflation' and called for a pre-emptive cut
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Tumbling retail sales are set to pile more pressure on Andrew Bailey and his colleagues at the Bank of England to cut interest rates further and faster...
The Bank of England looks set to resume cutting interest rates next month after official data revealed weaker inflation and anaemic economic growth.