Inflation drops to 2.7% but ‘picture remains bleak’
The Consumer Prices Index (CPI) dropped to 2.7% in February, down from 3% the month before, setting inflation on a slow course towards the Bank of England’s 2% target.
Bank Of England
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Carney calls for cryptocurrency regulation
Bank of England governor Mark Carney has warned that cryptocurrencies are “failing” and called for them to be regulated to prevent illegal activities.
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Don’t expect the BoE to turn hawkish
January consumer price index (CPI) data and recent comments from Bank of England governor Mark Carney himself seem to suggest that an interest rate rise next month is inevitable. But it would be overhasty to assume that the dovish central bank will suddenly turn hawkish.
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Hawkish BoE hints at earlier rate rises
The Bank of England has held interest rates at 0.5% but hinted at quickening the pace of further increases to bring inflation back in line with its 2% target.
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Fulcrum Asset Management launches income fund
Fulcrum Asset Management has announced the launch of a multi-asset income fund that aims to generate yield above the Bank of England base rates.
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BoE protects EU banks even in ‘no-deal’ Brexit scenario
The Bank of England is set to reveal plans which will allow European banks to operate in the UK as normal, even under a “no deal” Brexit scenario.
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What can central banks do next?
It could be said that 2017 marked the beginning of the end of easy money as central banks started to move towards a tighter policy towards quantitative easing and interest rates. So, what is to come next?
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Could rising technology spark low inflation?
Rathbones has ranked technology as the second most-likely cause of low inflation in the UK over the next 20 years, just behind Bank of England monetary policy as the first.
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Interest rates rise for first time in decade
The Bank of England has increased interest rates for the first time in a decade, reversing the 0.25% emergency cut implemented in the aftermath of last year’s Brexit referendum.
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Rate rise: One-and-done or the start of tightening?
The market has put the odds of the Bank of England’s Monetary Policy Committee (MPC) raising rates so low that the bigger surprise will come if it suddenly decides not to hike.
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BoE: Brexit will cost 75,000 finance jobs
Up to 75,000 jobs in financial services could be lost in post-Brexit upheaval, the Bank of England believes.
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PA ANALYSIS: Nothing the BoE does will be enough as Brexit bites
Consensus is the Bank of England is set to finally raise interest rates before the year is out after inflation hit a five-year high of 3% on Tuesday, but what happens next?
