Interest rates alert as April's 'grim' retail sales could sway Bank of England decision
The amount of items bought across the UK fell by 2.3 percent in April, following a fall of 0.2 percent in March, according to new figures from the Office for National Statistics (ONS).
U.K. Inflation Closes In on Bank of England Target as Rate Cuts Near
The U.K.’s consumer prices were 2.3% higher in April, nearing the Bank of England’s target and opening the way for a rate cut in the coming months, although prices of services continued to rise at a pace that will concern policymakers.
Britain's inflation rate could be about to drop below the Bank of England's 2% target
The headline inflation rate could be ‘momentous,’ but markets remain divided on the chance of a June cut and services will be the one to watch.
Bank of England's Broadbent says rate cut 'possible' this summer
The Bank of England could cut interest rates in the next few months, depending on how rapidly the knock-on impact on wage growth and prices from 2022's surge in inflation eases, Deputy Governor Ben Broadbent said on Monday.
UK inflation drops to 2.3% in April, nearing Bank of England's target
U.K. inflation fell to 2.3% in April, the Office for National Statistics said on Wednesday, coming closer to the Bank of England's target rate even while missing expectations. That was down from a headline rate reading of 3.
Bank of England Heads for Historically Slow Rate Cutting Cycle
When central banks start cutting interest rates, they usually move quickly. The Bank of England may choose a more cautious path when its nine-member Monetary Policy Committee decides the time has come to reduce borrowing costs.
U.K. Inflation Closes in on Bank of England Target as Rate Cuts Near -- 3rd Update
By Ed Frankl The U.K.'s inflation rate neared the Bank of England's 2% target in April, opening the way for a rate cut in the coming months, although
Inflation setback complicates Bank of England’s next rates decision
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UK inflation falls to 2.3%, lowest level in nearly 3 years but still above Bank of England's target
That is the lowest level since July 2021 when the global economy was still being held back by the coronavirus pandemic. The fall also takes inflation nearer to the Bank of England's target rate of 2% and is likely to pile pressure on its nine-member rate-setting panel to cut interest rates from the current 16-year high of 5.
Bank of England ‘less likely to cut rates’ after inflation miss
Before the latest figures were published, investors had priced in a 50-50 chance of rates being lowered in June for the first time in four years
UK Inflation Drops to 2.3%, Lowest in Nearly 3 Years but Still Above Bank of England’s Target
This decline in inflation is noteworthy as it brings the rate closer to the Bank of England’s target rate of 2%. With the current rate now at 2.3%, there is increasing pressure on the Bank’s nine-member rate-setting panel to consider cutting interest rates from their current high of 5.
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