Bank of England policymaker issues inflation warning

Bank of England warned rate cuts could unleash new inflation nightmare
Deutsche Bank now forecasts inflation could soar to 4.25% by summer, making further rate cuts a dangerous move. Chief UK economist Sanjay Raja warned that interest rate reductions might have to be “more backloaded than frontloaded” – meaning the BoE could be forced to hold off on cuts for longer than expected.
Bank of England policymaker warns of 'heightened risk of inflation escalating'
Dave Ramsden, who is the bank's deputy governor for markets and banking, pointed to the combination of rising inflation and weak economic growth.
Bank of England rate setter warns of higher UK inflation risk driven by wages
UK inflation risks have increased because of stronger than expected pay growth, a senior Bank of England rate-setter said, as he emphasised the need to proceed with “gradual” monetary policy easing. Dave Ramsden,
Bank of England chief issues fresh inflation 'risk' warning to millions of Brits
Increased uncertainty suggests that the Bank is likely to reduce interest rates more gradually, the policymaker cautioned.
Bank of England deputy governor warns of increased inflation risks
Dave Ramsden, the Bank of England deputy governor, said the United Kingdom’s inflation risks had increased in the past few months. The policymaker revealed that inflation risks had risen due to the increased pay growth.
Bank of England Sounds Alarm on Inflation Risks Amid Economic Uncertainty
Deputy Governor Dave Ramsden has cautioned that inflationary pressures in the UK remain a concern, despite ongoing efforts to stabilise the economy. While the Bank of England (BoE) has adopted a measured approach to interest rate adjustments,
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Bank of England leaves basic rate at 5,25%; little space for any cuts
The Bank of England Monetary Policy Committee, MPC, at its meeting ending on 31 January 2024, voted by a majority of 6–3 to maintain Bank Rate at 5.25%. Two members preferred to increase Bank ...
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The Bank of England's digital pound project faces criticism from former economist Neil Record, who labels it a costly "white elephant".
Bank of England's Dhingra says policymakers divided over rate-cut pace
Bank of England policymakers do not have a consensus about how fast the central bank should cut interest rates, even though ...
The £24m vanity project bound to stay locked in Bank of England’s vaults
The Bank’s spending on designing a digital pound, which includes developing other financial technologies, has increased in ...
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UK January inflation climbs to 3%; Bank of England anticipates ‘bumpy road’ ahead
Bank of England policymakers are hopeful that we are in a “hump” and that inflation will fall back to target. The UK rate of inflation reached 3% in January, from 2.5% in December, higher than ...
UK home prices to rise 3.5% this year, Bank of England to continue cutting Bank Rate - Reuters poll
British home prices will rise faster than previously expected this year, but the increase will be outpaced by surging rental ...
Best cash-saving deals after Bank of England interest rate cuts
Dozens of high street banks and building societies have slashed rates on savings products, in a swift response to the Bank of ...
Ex-Bank of England governor Mervyn King criticises Rachel Reeves' fiscal rules
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When will interest rates go down again and how do they affect mortgages?
The Bank of England has cut interest rates from 4.75% to 4.5%, their lowest level for 18 months. It is the third cut since August 2024, but the Bank said it will take a "gradual and careful ...