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.
By Harry Robertson, Naomi Rovnick and Greta Rosen Fondahn (Reuters) -Investors grappled with a gloomy set of Bank of England ...
The Bank of England could cut interest rates only twice more, including once at this week’s meeting, pausing rate reductions ...
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, ...
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 ...
In line with our expectation, and that of economists and markets, the Bank of England lowered its key policy rate today by ...
Bank of England Governor Andrew Bailey and other senior officials are due to hold a press conference at 1230 GMT.
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 ...
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