BoE's Pill says signs point to UK's economic recovery - Breaking The News

BoE's Pill says signs point to UK's economic recovery

9 May

1 min read

EPA-EFE/TOLGA AKMEN

Bank of England (BoE) Chief Economist Huw Pill underscored on Thursday that there have been positive indicators pointing to Britain's economic recovery and fight against inflation.

The chief economist stressed that while the bank is "more confident" that it may start considering potential easing of monetary policy, it has not reached that point yet.

The Bank of England previously decided to hold its benchmark interest rate steady at 5.25% for the sixth time in a row.

inflation bank of england monetary policy boe pill

Related Stocks

GBP/USD

BoE's Breeden: Duties impact on inflation not clear cut

7 minutes ago

Deputy Governor of the Bank of England for Financial Stability Sarah Breeden stated on Thursday that it is "too early" to asses the overall impact of tariffs initiated by the United States on inflation in the United Kingdom.The latest tariff-related developments have a "material impact on economic outlook and risks," she stated. She observed that the sterling has so far not weakened but noted that it "could change."Additionally, she called US President Donald...

BoE to auction short not long maturity bonds on April 14

2 hours ago

The Bank of England (BoE) said on Thursday in a statement that, due to the recent market volatility, it will be auctioning not long maturity bonds but rather short ones on April 14."The Bank intends to reschedule the long maturity auction to the following quarter, in order to continue to reduce the APF [Asset Purchase Facility] as evenly as possible across maturity sectors, measured in initial proceeds terms. The schedule for Q2 is otherwise unchanged," it was...

FOMC: Majority agreed with holding rates

19 hours ago

United States Federal Open Market Committee (FOMC) minutes published on Wednesday revealed that the "vast majority" of members backed the decision to keep the key interest rate unchanged at the last FOMC meeting in March."Foreign financial markets were affected by investor concerns about global economic growth, in part related to higher tariffs, while expectations for greater fiscal spending in some economies provided an offsetting effect," the...

BoE: Economic uncertainty has intensified

9 April

The Bank of England (BoE) noted in the Financial Policy Committee's (FPC) report published on Wednesday that the global economic uncertainty "intensified" as the tariffs United States President Donald Trump imposed on other countries and specific industries decreased the prices of global equities, risky corporate credit, and commodities.The BoE warned that, due to those circumstances, the risks to inflation have increased. It projected that inflation in the...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.