Bank of England
UK service sector growth speeds up as inflation drops to lowest since 2021
The S&P Global UK services PMI survey scored 53.7 in August, up from the 52.5 recorded in July and the highest reading since April.
Mortgage approvals for house purchase jump to highest levels since mini-budget
The Bank of England recorded 62,000 approvals in July – the highest total since September 2022.
Bank of England to chart ‘steady’ course on future rate cuts, says Bailey
Governor Andrew Bailey will say it is ‘too early to declare victory’ against inflation at the US Federal Reserve’s annual symposium on Friday.
UK business activity hits four-month high as cost pressures ease
Inflationary pressures fell back this month, firms said, mainly driven by costs softening in the services sector.
Bank of England appoints Alan Taylor to rate-setting committee
He will take over from current Monetary Policy Committee member Jonathan Haskel, who is stepping down after six years.
Inflation climbs above Bank of England target in first rise of 2024
While inflation hit 2.2% in June, signs of easing pressure in the services sector fuelled hopes of more rate cuts by the Bank.
Inflation climbs above Bank of England target to 2.2%
The latest figures mean prices are rising faster across the country than in May or June, but still at a slower rate than in 2022 and 2023.
Inflation set to rise above 2% in first increase this year
City economists expect the headline inflation figure to lift above the Bank of England’s target in Wednesday’s data, which relates to July.
Banknotes among first to feature King auctioned for more than £900,000
The Bank of England said the proceeds of the sale would go to charity.
Wage growth could still push inflation up, says BoE policymaker
Catherine Mann, who sits on the Monetary Policy Committee, said the Bank of England could be ‘looking at a problem for next year’ on inflation.