Inflation rises to 2.6% as fuel prices mount
The Consumer Price Index rose yet again in November as fuel costs increased, making an interest rate cut unlikely
Mpc
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‘A tentative start’: Bank of England cuts interest rates to 5%
MPC voted 5-4 in favour of a 25bps cut
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Bank of England rate cut likelihood moves closer to end of the year
Predictions come ahead of tomorrow’s (9 May’s) Monetary Policy Committee meeting
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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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‘Economy buckling under strain of rate rises’: UK GDP falls 0.5% in July
The slide was much greater than forecasts of 0.2%
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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%
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Brexit transition deal leaves unanswered questions
The 21-month transition deal agreed between the UK and European Union is a welcome step but leaves unanswered questions regarding Brexit’s impact on UK businesses, industry figures have warned.
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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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Historic low bank rates held at 0.25%
Interest rates remain unchanged at a historic low level of 0.25% following the latest Bank of England meeting, quashing rumours higher inflation could spark a hike this year.
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BoE positivity ‘undermined’ by Brexit uncertainty
Uncertainty over the future of the UK’s Brexit negotiations tempered Bank of England forecasts published on Thursday (11 May).
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PA Podcast: Wages, ‘stuckflation’ and why QE worked
In this week’s edition of the podcast, labour economist and former Bank of England MPC member, David “Danny” Blanchflower discusses why we appear to be in a period of ‘stuckflation’ and what can be done to get the global economy out of it.