Economy News Uk Economy Bank Of England Governor Says Inflation Still Too High And It S Too Early To Think About Rate Cuts

Bank of England to Stop Rate Cuts at 3.5%, OECD Predicts

The Bank of England will cut interest rates twice more to 3.5% by June before monetary easing ends, the Organisation for Economic Cooperation and Development said Tuesday as it upgraded UK growth. Read More

UK inflation live: UK inflation fell to 3.6% in October

Tomorrow’s ONS inflation data release marks a key test of the Bank of England’s predictions for the course of inflation in the UK. Read More

Bank of England's Taylor Says He Fears a Bumpy Landing for UK Economy

LONDON (Reuters) -Bank of England policymaker Alan Taylor said on Tuesday that he saw an increasingly likely risk of a "bumpy landing" for Britain's economy with inflation falling too low, in part due ... Read More

Persistent inflation may delay cuts, says Bank of England rate-setter

Megan Greene, external member of the Monetary Policy Committee at the Bank of England discusses her inflationary outlook for the forthcoming months, the impact of the UK budget on monetary policy, and ... Read More

Headline Rate Of Inflation Falls To 3.6% But Food Prices Shoot Higher

First Decrease Since March Stirs Hopes Of Lower Mortgage Rates By Christmas Data out today shows that the main rate of inflation edged ... Read More

U.K. Inflation Falls, Likely Cementing Bank of England December Rate Cut

Inflation declined in October for the first time since May, strengthening expectations that the Bank of England will cut its key rate next month. Read More

IMF Says Bank of England Should Be 'Very Cautious' on Future Rate Cuts

WASHINGTON (Reuters) -The Bank of England needs to be "very cautious" about future rate cuts as British inflation looks set to remain the highest in the Group of Seven advanced economies this year and ... Read More

UK to have highest inflation among advanced economies this year and next, says IMF

Inflation in Britain is forecast to be the highest among all advanced economies in 2025 and 2026, according to new predictions by the International Monetary Fund (IMF), in a pre-Budget blow to ... Read More

AI Will Not Lead to UK Job Losses, Says Bank of England Governor

The emergence of artificial intelligence will not lead to a wave of job losses in the UK, Bank of England Governor Andrew Bailey said, despite fears that the new technology is already sapping demand ... Read More