News from Bank of England
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Bank of England · United KingdomThe Bank of England (BoE) will be able to cut interest rates “some time over the summer” if second round inflation pressures drop away as expected, deputy governor Ben Broadbent said.See the Story
Bank of England rate cut on the cards this summer
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Bank of England · United KingdomThe Bank of England (BoE) is gearing up for a potential interest rate cut this summer, pending confirmation that inflation is indeed on a downtrend, as anticipated by its Monetary Policy Committee (MPC). This revelation comes directly from the Deputy Governor of the BoE, Ben Broadbent, who has been closely monitoring economic signals across the UK. Broadbent shared insights during a speech, noting that BoE agents across the nation have observed…See the Story
BoE’s Deputy Governor Signals Potential Rate Cut as Inflation Eases
Bank of England · United Kingdom44 Tory MPs from the Thatcherite Conservative Way Forward group have been crunching the numbers on the Bank of England’s performance since 2022. And have concluded that it’s cost every UK household a whopping £5,546… What the CWF calls the “Bank of England Surcharge” is split into two.[…] Read the restSee the Story
Tory MPs Accuse Bank of England of Huge Losses to Taxpayer
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Inflation · United KingdomInflation is expected to fall to its lowest level in nearly three years when new figures are released on Wednesday, helping to pave the way for summer interest rate cuts. Economists at the Bank of England expect the headline rate of inflation will fall to 2.1 per cent, down from 3.2 per cent in April. Some City forecasters think inflation could fall below the two per cent target. The reduction in Ofgem’s energy price cap at the beginning of Apr…See the Story