Dovish BoE officials cut rates in the face of hawkish forecasts
The BoE’s forecasts suggest it will only cut rates two more times over the next three years on the back of higher inflation and weaker underlying growth capacity. The 7-to-2 vote to cut rates with a bias towards a larger cut suggests MPC members do not accept the hawkish message in the forecasts.
“In the current economic cycle, this strategy implies keeping rates on hold for longer until there are clear signs the remaining persistence in inflation dissipates. Once inflation persistence has ...
U.S. shares held steady after European equities hit a record high, and gold prices were near an all-time peak as investor ...
Gold in the Bank of England vault is trading at a discount to the wider market, as fears over potential Trump tariffs spark a ...
The weak outlook underlines the challenge facing chancellor Rachel Reeves after she pledged that growth was the government’s number one mission. It raised fresh questions about the fiscal outlook, ...
Bank of England Governor Andrew Bailey and other senior officials are due to hold a press conference at 1230 GMT.
The Bank of England is set to join a growing number of central banks that are pressing ahead with cuts to their key interest ...
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