FTSE 100 Live: Bailey Says BOE Expects to Be Able to Cut Rates Further
Governor Andrew Bailey says the BOE will take a “gradual and careful” approach to cutting rates Join the Markets Today team -- Sam Unsted, Morwenna Coniam, Nick Bartlett and Dave Goodman -- for news and analysis vital to UK markets. Email us at [email protected]
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.
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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 ...
In line with our expectation, and that of economists and markets, the Bank of England lowered its key policy rate today by ...
(Reuters) - European shares hovered near a record high on Thursday, buoyed by a raft of upbeat earnings, including drugmaker ...
Bank of England Governor Andrew Bailey and other senior officials are due to hold a press conference at 1230 GMT.
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