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.

UK inflation data sees markets price in more rate cuts from the BoE

The Bank of England may be much closer to cutting interest rates than it admitted last week when three policymakers thought it still appropriate to hike again. Inflation data from the UK this morning showed price growth has cooled faster again and much more so than the BoE anticipated in November when it released its last forecasts. The headline CPI slipped back to 3.9% while the core fell to 5.1%; both still far above target but on a rapid descent toward it.

20-12-2023 14:58 GMT by Craig Erlam

British pound rises after Fed meeting, BOE next

Bank of England expected to pause Federal Reserve projects three rate cuts in 2024 The British pound continues to move higher on Thursday. In the European session, GBP/USD is trading at 1.2648, up 0.24%. The US dollar took a tumble on Wednesday after the Federal Reserve gave the nod to rate cuts in 2024.

14-12-2023 04:18 GMT by Kenneth Fisher