However, governor Andrew Bailey has said Britain’s economy is “moving in the right direction” to start cutting rates
Andrew Bailey
Gabriel Makhlouf signals plans to set up regulatory ‘sandbox’ to boost financial innovation
Markets buoyed by suggestion central banks are finished hiking rates for now
‘Much too early to be thinking about rate cuts,’ Governor Andrew Bailey warns
Central bank gives little indication UK interest rates near their peak as yet
Fed, ECB and other leaders say tight labour markets mean most aggressive tightening in a generation must continue
Bank of England watchers had expected a quarter point increase
Minister for Finance’s officials write to Central Bank asking for its views on its legal powers
UK chancellor Jeremy Hunt to announce fiscal package involving yet more U-turns on Kwarteng mini budget
Analysts say prime minister’s decision to ditch £18bn corporate tax cut was not ‘enough of a pivot’
Agency says outlook shaped by high inflation and declining expectations in manufacturing
War in Ukraine cited as driver of policy
Fund advises poorer households be spared in favour of wealth taxes on richer people
Inflation could become endemic if wage demands become entrenched
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