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 its recent fall was due to the…
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 resilient financial system, Bank of England Deputy…
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 further for overall consumer price inflation (CPI)…
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 tempered their price expectations, an industry survey…
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 the jobs market is still generating inflationary…
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 that interest rates will settle back down…
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, sticking closely to his message after the…
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 on a steep fall in the rate…
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 tight”, and added that inflation had been…
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 bank’s Governor Andrew Bailey said on Thursday.…
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 for the Bank of England to set…
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 priced in hawkish messages from the U.S.…
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 longer recession, adding there were few signs…
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 rate increases were likely. “It is still…
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 “mini-budget” fiscal plan last month to calm…
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 the country’s public finances after the tax…
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 the role of rescue lender is being…
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 of rising inflation expectations. Mann, speaking at…
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 for bonds on Friday. Yet with markets…
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 credit to the government or financial institutions,…
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 fiscal policy appeared to place it at…
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 to the Bank of England’s forecasts published…
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 said in a podcast released on Thursday.…
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 contrast to governments that are driven by…
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 high” inflation, but only if needed to…
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, Bank of England policymaker Catherine Mann said…
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