RBS only forecaster in a Reuters poll to correctly predict two MPC members voted for a hike in Bank Rate at August meeting
LONDON (Reuters) – British inflation eased more than expected in July and the pace of house price growth slowed in June, according to data that underscored the Bank of England’s message that it is in no rush to hike interest rates.
Consumer prices rose 1.6 percent on the year in July, the Office for National Statistics said on Tuesday, down from a five-month high of 1.9 percent in June.
LONDON (Reuters) – Flashes of illumination rather than fireworks are expected at this week’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming.
Few predict anything so momentous as the speech by Federal Reserve chairman Ben Bernanke two years ago that paved the way for an unprecedented $85 billion per month stimulus plan.