Bank of England not yet ready to cut UK interest rates, experts say
UK borrowers may have to wait longer to see interest rates come down, as policy-makers look set to hold out...
archiveMonetary Policy Committee
Bank of England’s Greene cautions against early interest rate cuts in UK
Bank of England policy maker Megan Greene said interest rate cuts “should still be a way off” in the UK, helping to fuel a shift in markets away from anticipating a sharp drop in borrowing costs.The remarks in the Financial Times signal that Greene is tilted toward the hawkish side of the BOE’s nine-member Monetary Policy Committee. She warned that Britain can’t yet declare victory in reining in inflation even though those forces have receded in recent months.“The risk of inflation persistence is diminishing as these indicators come down in...
D K Joshi writes: RBI’s Monetary Policy and the art of letting it be
As expected, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained the status quo on interest...
Is the Bank of England now a leader of the UK’s Net Zero transition? Don’t bank on it!
The Bank of England’s new formalised commitment to contributing to the fight against climate change has been met with mixed...
The UK economy is estimated to have grown 0.5% in October, according to data from the Office for National Statistics.
This was a reversion of the 0.6% fall seen in September, a month which was impacted by the additional bank...
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