Bank of England (BoE) news

The Bank of England (BoE) is the central bank of the United Kingdom. Its primary objective is to maintain price stability, targeting a 2% inflation rate. The BoE uses interest rate adjustments and quantitative easing to influence the economy and achieve its inflation target. It also plays a key role in ensuring financial stability in the UK.

Some positives for the BoE from UK jobs data, Chinese figures less good

Stock markets are treading water on Tuesday, with jobs number from the UK not inspiring and Chinese data also highlighting weakness in the recovery. Some positives for the BoE to cling to UK jobs data was a mixed bag this morning as wages accelerated again to 6.7%, excluding bonuses, while unemployment also ticked higher as inactivity fell. The Bank of England will no doubt be concerned about the pace of wage growth, with it not being consistent with inflation returning to 2%.

16-05-2023 07:04 GMT by Craig Erlam

Week Ahead - Turkey heads to the polls, US retail sales eyed, China ponders rate cut

US Wall Street will remain focused on debt ceiling drama, a plethora of Fed speak, retail earnings, and bank stress. It will be a busy week filled with economic releases, with most of the attention falling the Empire manufacturing survey, a retail sales report that is expected to show a rebound in spending, weekly jobless claims, and existing home sales. Debt ceiling talks were delayed and are expected to resume this week.

12-05-2023 14:28 GMT by Craig Erlam