UK Economics Correspondent, London
Andy's Feed
Nov 19, 2014

Differences appear within majority of Bank of England rate-setters

LONDON (Reuters) – Differences over the risks to Britain’s economy surfaced this month among the Bank of England officials who have voted to keep interest rates on hold, complicating the outlook for monetary policy.

Minutes of the Monetary Policy Committee’s Nov. 5-6 meeting showed its members voted 7-2 for the fourth month in a row to maintain rates at their record low 0.5 percent, where they have been since early 2009 when the financial crisis was raging.

Nov 18, 2014
Nov 18, 2014

Inflation edges up in October from five-year low

LONDON (Reuters) – British inflation edged up in October from a five-year low but prices are expected to weaken again soon, underscoring why the Bank of England is signalling it won’t start to raise interest rates until well into next year.

Consumer prices rose by an annual 1.3 percent in October, in line with economists’ forecasts in a Reuters poll and slightly higher than September’s 1.2 percent, the Office for National Statistics said on Tuesday.

Nov 18, 2014

British inflation edges up in October from five-year low

LONDON, Nov 18 (Reuters) – British inflation edged up in
October from a five-year low but prices are expected to weaken
again soon, underscoring why the Bank of England is signalling
it won’t start to raise interest rates until well into next
year.

Consumer prices rose by an annual 1.3 percent in October, in
line with economists’ forecasts in a Reuters poll and slightly
higher than September’s 1.2 percent, the Office for National
Statistics said on Tuesday.

Nov 18, 2014
Nov 17, 2014
Nov 14, 2014
Nov 14, 2014
Nov 12, 2014

Bank of England sees inflation below one percent, slower rate rises

LONDON (Reuters) – British inflation is likely to fall below 1 percent in the next six months, the Bank of England said on Wednesday, encouraging investors to build on their bets that it will not raise interest rates until late next year.

Sterling weakened and British government bonds prices rose as the forecasts were published and as the Bank’s governor, Mark Carney, pointed to “troubling” development in the euro zone, home to Britain’s main trading partners, where the economy is at risk of falling back into recession.[GBP/]

Nov 12, 2014

Bank of England sees inflation below 1 pct, slower rate rises

LONDON, Nov 12 (Reuters) – British inflation is likely to
fall below 1 percent in the next six months, the Bank of England
said on Wednesday, encouraging investors to build on their bets
that it will not raise interest rates until late next year.

Sterling weakened and British government bonds prices rose
as the forecasts were published and as the Bank’s governor, Mark
Carney, pointed to “troubling” development in the euro zone,
home to Britain’s main trading partners, where the economy is at
risk of falling back into recession.