UK inflation rises to 3.4% in Dec., BoE seen holding rates
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Andrew Bailey said in 2023 that the central bank had ‘very big lessons to learn’ - Yui Mok/Reuters The Bank of England has admitted it has been consistently wrong on inflation for years. Forecasts for both wage growth and inflation had “proved repeatedly too low” since 2022,
Bank of England interest rate-setter Megan Greene said on Friday she remained worried about signs of the pace of wage growth ahead and inflation expectations while a slowdown in the labour market appeared to be gradual.
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Inflation to rise further above Bank of England target, experts predict
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The latest rise in UK inflation - from 3.2% to 3.4% in December - shouldn't last. We expect headline CPI to get to 2% and temporarily dip below in April. That should unlock further rate cuts
LONDON — The Bank of England on Thursday kept monetary policy unchanged and downgraded economic growth projections for the third quarter of this year. Stream Los Angeles News for free, 24/7, wherever you are. Policymakers at the BOE voted unanimously to ...
Jan 22 - Morgan Stanley expects the Bank of England to deliver its next interest rate cut in March, scrapping its forecast for a
LONDON, Jan 14 (Reuters) - Interest rates set by the Bank of England should continue to fall as inflation is likely to settle around the central bank's 2% target soon, BoE policymaker Alan Taylor said on Wednesday.