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

IMF says Bank of England should be 'very cautious' on future rate cuts

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 next, the ... Read More

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

The International Monetary Fund (IMF) says it expects inflation to remain high in the UK, while lowering economic growth forecasts for 2026. Read More

UK inflation could stay above target for longer, warns Bank of England rate-setter

Bank of England (BoE) policymaker Catherine Mann warned on Thursday that UK inflation could remain persistently above the central bank's 2% target, urging caution over any early move to cut interest ... Read More

Bank of England holds rate as inflation stays high

The Bank of England kept its key interest rate at four percent Thursday, as elevated UK inflation offsets the country's stagnant economic growth. The decision widely expected by markets followed a ... Read More

Bank of England voices inflation concerns as it holds main UK interest rate at 4%

LONDON – The Bank of England held its main interest rate at 4% on Thursday as U.K. inflation concerns weigh on policymakers. The decision was widely anticipated, as was the split of votes on the ... Read More

Bailey Says Bank of England Rate Cuts Are Not Yet Over

Bank of England Governor Andrew Bailey said the UK central bank is not done with its interest-rate cutting cycle yet, pointing to possible risks in the cooling jobs market. Speaking to broadcasters ... Read More

Bank of England's Mann says high UK inflation has become persistent

Bank of England interest rate-setter Catherine Mann said on Tuesday she thought Britain's inflation rate had become persistently high - although that did not mean further interest rate cuts were ... Read More

UK’s Reeves Tells BOE That Lowering Inflation Is Goal of Budget

Chancellor of the Exchequer Rachel Reeves said the UK government was looking at measures to reduce inflation when it publishes its next budget in November. In an exchange of letters with Bank of ... Read More

Bank of England should be 'very cautious' about future rate cuts, IMF says

The Bank of England should be "very cautious" about further interest rate cuts due to rising inflation expectations among households and investors, the International Monetary Fund's chief economist, ... Read More