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DARK SECRETS: Ben broadbent | Rare Historical Photos

European Central Bank ready to cut interest rates; UK retail sales jump as inflation slows – business live

ECB policymakers indicates June rate cut is a done deal, while IT glitch which prevented some NatWest customers accessing accounts has been fixed

The Guardian - UK

UK inflation predicted to drop close to Bank of England’s 2% target

Forecasters think inflation will drop to 2.1 per cent for April

The Independent UK

'Momentous' inflation data will give big clue on interest rate cut timing

Inflation is set to fall to the brink of the Bank of England’s official 2% target

Evening Standard

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read the most diverse news in one place.

UK interest rate cut is ‘possible’ this summer, says Bank of England deputy

Ben Broadbent says direct impact of Covid and Ukraine war on inflation has faded and BoE is waiting for longer-term effects to decline

The Guardian - UK

Clare Lombardelli named deputy governor of Bank of England

Ex-Treasury official and adviser to David Cameron will replace Ben Broadbent, making MPC majority female for first time

The Guardian - UK

UK shows signs of recovery from mild recession, says Bank of England

Bank’s governor predicts Britain’s economy will receive a boost when interest rates start to fall later this year

The Guardian - UK

Easing of pay growth needed before rate cuts, says Bank of England’s Broadbent

Deputy governor feels MPC will need more convincing that wage pressure is abating

The Guardian - UK

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Adobe’s $20bn merger with Figma abandoned; UK economy ‘limping’ as high interest rates bite – as it happened

Adobe’s proposed $20bn merger with product design software company Figma has been terminated, following competition probes in EU and UK

The Guardian - UK

Bank of England rate setter: 'Clearer decline' in wage growth needed before interest rates will be cut

Broadbent said the current stats on wage growth show a 'slightly muddy picture'

Evening Standard

Central banks will push economies into recession, says Hunt adviser

Signs of weakness needed before monetary policy is eased in west, says strategist advising chancellor

The Guardian - UK

Another interest rate rise? News on prices and wages may decide

The MPC will look at this week’s earnings and inflation figures, but energy volatility could also come into play

The Guardian - UK

Cost of living crisis may already be ending as wages catch up to inflation, economists say

Experts believe wages increased at a faster pace than prices in July

Evening Standard

Bank of England chiefs ambushed over rocketing inflation and interest rate hikes

The Commons Treasury Select Committee held a rare sitting outside Parliament - and went to Threadneedle Street in the heart of the City of London to tackle the Governor and his deputies

Daily Mirror

The Bank of England was right, inflation has made us poorer. But whose fault is it?

Central banks are keen to blame the surge in inflation on anyone but central banks

The Guardian - UK

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Evening Standard

Bank of England deputy governor: Pandemic support isn’t to blame for inflation

Broadbent pointed to supply chain disruption and the War in Ukraine as the factors that best explain the cost-of-living crisis

Wales Online

Hit to UK economy from Brexit coming through faster than expected, Bank of England says

The Bank of England also said while the UK was heading for recession, it may be shorter and shallower than previously expected

The Guardian - UK

The Guardian view on the Bank of England: on the side of profit, not people

Editorial: The Bank places an oppressive thumb on the scale of economic justice, to guarantee the dominance of extractive interests

The Guardian - UK

Interest rates unlikely to rise above 5%, says Bank of England official

Ben Broadbent says increase already priced into markets would deliver ‘pretty material’ hit to economy

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The Independent UK

Bank of England poised to hike interest rates to 1.25% in battle against inflation

Base rate of interest currently stands at 1 per cent - its highest point in 13 years

The Independent UK

UK facing unprecedented hit to national income from inflation – Bank deputy

The Office for Budget Responsibility said last week that households will suffer the biggest fall in income since records began in 1956.

People

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