Magnus’ Rory McPherson: Making Britain great again
The CIO discerns positive momentum building in the UK market and sees evidence to suggest a decade of losses could be clawed back
Andrew Bailey
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All eyes on wage growth for 2024: Investors react to split vote and ‘hawkish tone’ from the Bank of England
Markets are still expecting the Bank to strike a more dovish tone in 2024
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Should we still be worried about inflation?
Monetary policy will ‘likely need to be restrictive for quite some time yet’
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Bank of England holds rates at 5.25% with MPC divided
Committee voted by a majority of 6-3 for the hold
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Bank of England holds rates flat with MPC split following inflation drop
The MPC voted by five members to four to hold at 5.25%
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Unexpected fall in inflation opens door to Bank of England rate hold
CPI at 6.7% on an annualised basis versus forecast of 7.1%
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Unemployment rises but strong wage growth puts Bank of England in a quandary
Joblessness edged up by 0.1% in August to 4.3%
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Bank of England’s ‘war on enemy number one’ continues with 14th hike
The Bank hiked by 0.25% to a rate of 5.25%