BoE’s Bailey vows to do ‘what it takes’ to cut inflation to 2%
LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Wednesday that the central bank “will do what it takes” to get inflation down to …
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BoE’s Bailey says getting inflation to 2% will be ‘hard work’
LONDON (Reuters) -Bank of England Governor Andrew Bailey said getting inflation down to the central bank’s 2% target will be “hard work” as most of …
BoE’s Pill says question of more rate hikes is ‘finely balanced’
By Balazs Koranyi MARRAKECH, Morocco (Reuters) – Bank of England Chief Economist Huw Pill said the question of whether the British central bank had done …
BoE’s Dhingra says economy has ‘already flatlined’ – BBC
(Reuters) – Bank of England policymaker Swati Dhingra said the economy has already flatlined and about 20% or 25% of the impact of interest rate …
Britain must not damage financial sector resilience, says BoE’s Woods
By Huw Jones LONDON (Reuters) – Easing rules to boost the post-Brexit global competitiveness of Britain’s financial sector can only be done while maintaining a …
UK food price inflation to fall to 10% in late 2023, BoE’s Pill says
By David Milliken LONDON (Reuters) – British food price inflation is likely to fall to around 10% later this year, but will need to drop …
Asking prices for UK homes slip as BoE’s rates rises bite, survey
LONDON (Reuters) – Asking prices for residential homes in Britain fell in July as rising mortgage costs and increasing buyer affordability constraints prompted sellers to …
UK economy shows strains and gains, complicating BoE’s job
By William Schomberg LONDON (Reuters) – Britain’s economy is showing some signs of strain from the Bank of England’s 13 back-to-back interest rate increases, but …
Don’t assume rates and inflation will settle back down – BoE’s Greene
LONDON (Reuters) – Megan Greene, who is due to join the Bank of England’s Monetary Policy Committee this week, said central banks should not assume …
UK showing signs of persistent inflation, BoE’s Bailey says
SINTRA, Portugal (Reuters) – Bank of England Governor Andrew Bailey said last week’s rise in interest rates reflected a resilient economy and unexpectedly persistent inflation, …
BoE’s Dhingra sees ‘promising signals’ of a fall in UK inflation
By David Milliken LONDON (Reuters) -Bank of England policymaker Swati Dhingra said there are “promising signals” for a further decline in British inflation, based largely …
BoE’s Bailey says data show labour market ‘very tight’
LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday that official data published earlier in the day showed the labour market was “very …
BoE’s Bailey: We have to stay the course to get inflation down
LONDON (Reuters) – The Bank of England must stay the course to ensure the level of inflation falls back to its 2% target, the central …
BoE’s Mann: Falling headline inflation, high core, make policy difficult
WASHINGTON (Reuters) – Falling energy prices will lower headline inflation towards the Bank of England’s 2% target, but persistent underlying inflation will make it hard …
BoE’s Mann says sees pound sensitive to views on Fed, ECB outlook
LONDON (Reuters) – Bank of England rate-setter Catherine Mann said on Tuesday that the pound could face downward pressure if investors have not yet fully …
BoE’s Dhingra warns of deeper and longer recession with higher rates
LONDON (Reuters) -Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest rates could lead to a deeper and …
BoE’s Bailey: ‘very tight’ labour market key to rates outlook
LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Wednesday that Britain’s very tight labour market was a key reason why further interest …
BoE’s Mann: bond purchases for stability were targeted and temporary
LONDON (Reuters) – Bank of England policymaker Catherine Mann said on Saturday that bond purchases by the central bank in the days after the government’s …
BoE’s Bailey says he and Hunt had “meeting of minds” on public finances
WASHINGTON (Reuters) – Bank of England Governor Andrew Bailey said he and Britain’s new finance minister Jeremy Hunt had agreed on the need to repair …
BoE’s repo facility to ease pension pain is no silver bullet, sources say
By Sinead Cruise and Tommy Wilkes LONDON (Reuters) – A Bank of England fix to ease pension schemes’ cash crunch by getting banks to assume …
BoE’s Mann highlights case for front-loading rate rises
LONDON (Reuters) – Bank of England policymaker Catherine Mann said on Wednesday there was a strong case to front-load interest rate increases, especially at times …
Analysis – Turbulent UK bond market may force BoE’s hand again
By Dhara Ranasinghe and Harry Robertson LONDON (Reuters) – Bank of England Governor Andrew Bailey has been unequivocal: the central bank will end emergency support …
BoE’s Pill: bond purchases won’t cap long-term rates
By David Milliken LONDON (Reuters) -The Bank of England’s new programme of bond purchases aims to cure market dysfunction, not cap yields or offer cheaper …
BoE’s Haskel sees tension with government fiscal expansion
By David Milliken LONDON (Reuters) -Bank of England policymaker Jonathan Haskel said the UK central bank was in a difficult position as the government’s expansionary …
UK energy bill help could lower inflation, BoE’s Pill says
LONDON (Reuters) – A new cap on British household energy bills touted by new prime minister Liz Truss could lower the path of inflation relative …
High inflation is bad for UK productivity – BoE’s Mann
LONDON (Reuters) – Britain’s very high inflation risks distracting businesses from the longer-term decisions needed to boost ailing productivity, Bank of England policymaker Catherine Mann …
BoE’s Pill says central banks best placed to control monetary policy
LONDON – Bank of England Chief Economist Huw Pill said on Wednesday that central banks are able to take tough decisions on monetary policy, in …
BoE’s Pill will consider bigger rate rises if needed
LONDON -Bank of England chief economist Huw Pill said on Thursday that he would consider a faster pace of interest rate rises to tackle “uncomfortably …
Speed up rate hikes to stop sticky inflation, BoE’s Mann says
By David Milliken LONDON -Central banks should move quickly when raising interest rates, because of the risk that persistent inflationary trends may be taking hold, …
BoE’s Bailey opposes Treasury plan to overrule financial regulators – Sky News
(Reuters) – Andrew Bailey, the governor of the Bank of England, opposes plans drawn up by Britain’s Treasury to overrule financial regulators, Sky News reported …
BoE’s Pill says rate rises are a blunt tool, cannot fine-tune sterling
By David Milliken and Andy Bruce LONDON – The Bank of England’s monetary policy must focus on its main goal of controlling inflation, rather than …
BoE’s Bailey: latest crypto turmoil reinforces concerns
LONDON – Bitcoin’s slump on Monday after major U.S. crypto lending company Celsius Network froze withdrawals should remind investors that most crypto-assets have no intrinsic …
BoE’s Saunders says neutral rate might be in 1.25-2.5% range
LONDON – Bank of England policymaker Michael Saunders said the neutral rate of interest – the level at which it neither stimulates nor restrains demand …
BoE’s Pill questions if QE is best tool to tackle market dysfunction
LONDON – Quantitative easing may be the wrong tool to tackle any future episodes of bond market turmoil, especially given how high inflation is now, …
BoE’s Cunliffe says Russia crisis will add to risks from rates shift
By William Schomberg LONDON -Bank of England Deputy Governor Jon Cunliffe said the crisis triggered by Russia’s invasion of Ukraine would add to risks in …
Ukraine invasion worsens UK inflation trade-off – BoE’s Tenreyro
LONDON -The surge in energy prices caused by Russia’s invasion of Ukraine will hurt British economic growth as well as raising short-term inflation pressures, Bank …
BoE’s Saunders says Ukraine impact on rate decisions unclear
By William Schomberg and David Milliken LONDON -Bank of England policymaker Michael Saunders said Russia’s invasion of Ukraine is likely to push Britain’s soaring inflation …
BoE’s Tenreyro sees case for small increase in rates
By David Milliken LONDON – Bank of England policymaker Silvana Tenreyro said on Wednesday that she – like other BoE policymakers – saw a case …
BoE’s Bailey speaks to lawmakers about rate hike decision
LONDON – Bank of England Governor Andrew Bailey and other top officials from the British central bank spoke to lawmakers on Wednesday about their decision …
UK in most challenging time for monetary policy since 1992: BoE’s Broadbent
LONDON – Britain is in the midst of its most challenging period for monetary policy since it started to target inflation 30 years ago, Bank …