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.
STOXX Europe 600, BoE
The Bank of England cut interest rates on Thursday as the outlook for economic growth dims, taking a different path from the ...
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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, ...
British companies' expectations for wage growth fell marginally in January and expectations for employment growth also ...
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Yesterday, the Bank of England (BOE) reduced the policy rate 25bps to 4.50% (widely expected) and stressed there would be ‘a gradual and careful approach’ to the further rate cuts. Markets imply an ...
Bank of England Governor Andrew Bailey and other senior officials are due to hold a press conference at 1230 GMT.
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