Bank of England's top economist calls for 'prompt' interest rate hike
#InterestRateHike #BankOfEngland
independent.co.uk/news/busines…
Huw Pill reiterated his concerns about the risks of leaving interest rates unchanged, saying he was uncomfortable with the ‘wait-and-see’ approach of fellow policymakersAnna Wise (The Independent)
Bank of England says updated imagery will celebrate native wildlife while bolstering anti-counterfeit featuresHelena Horton (the Guardian)
Inflation can be tolerated above 2% target for now ‘given context of softness in real economy’, governor saysPhillip Inman (the Guardian)
GDP reading ties in with some surveys suggesting UK plc has kept up momentum despite rising fuel costsTom Knowles (the Guardian)
As Keir Starmer’s leadership totters, investors warn a Labour leadership contest ignoring public finances and market realpolitik could be disastrousRichard Partington (the Guardian)
Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra materials costsAlex Daniel (the Guardian)
Decision not to change rate comes despite signs inflation is rising amid the Iran war’s effects on fuel pricesTom Knowles (the Guardian)
Sarah Breeden predicts ‘adjustment’ due to elevated risk including private credit and highly valued AI stocksGraeme Wearden (the Guardian)
Annual March rate adds to pressure on household finances and follows warnings of slowdown to UK economyRichard Partington (the Guardian)
Finance chiefs to join exercise in Washington designed to assess how they would handle collapse of significant bankRichard Partington (the Guardian)
Bank of England survey in March shows chief financial officers foresee 3.7% increase over coming yearHeather Stewart (the Guardian)
