However, governor Andrew Bailey has said Britain’s economy is “moving in the right direction” to start cutting rates
Bank of England
The usually conservative central bank had been expected to keep rates on hold and wait at least another three months before move
Too early for certainty on whether the economy is no longer in recession
Signs of upturn leaves Bank of England wary of premature cut in interest rates
Underwhelming US price data dampens speculation of early cut in interest rates
Middle-ground speculation is for ECB rate cuts to begin in June
Bank’s monetary policy committee split three ways on where next for rates
We have steadily been moving to online shopping and digital payments, but cash continues to circulate widely
Bigger than expected drop sparks slide in sterling as traders reinforce bets on Bank of England interest rate cuts
US Fed, ECB and BoE meet this week as strong labour data suggests policy pivot unlikely
Iseq fails to match peers as few stocks shine on the day
New Wolseley restaurant comes as Square Mile aims to become leisure hotspot after drop in worker footfall
‘Much too early to be thinking about rate cuts,’ Governor Andrew Bailey warns
Data piles pressure on Bank of England to hike interest rates yet again
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