Inflation, BoE
UK CPI annual inflation rate in August 2024 remains unchanged
The UK Consumer Prices Index (CPI) annual inflation rate was at 2.2% in the 12 months to August 2024, according to the latest data from the Office for National Statistics (ONS). The rate continued stable from July 2024.
UK inflation steady at 2.2% in August, services sector prices rise
UK inflation remains at 2.2% in August, with services sector inflation rising to 5.6%. Bank of England faces complex decision on interest rates amid persistent price pressures and economic challenges.
UK Core Inflation Rises to 3.6% in August Sinking BoE Rate Cut Hopes
The unexpected increase in the core inflation rate to 3.6% will likely leave the Bank of England in a holding pattern. Considering the August inflation numbers, Friday’s retail sales figures are now crucial. Strong UK retail sales figures could fuel demand-driven inflation, possibly delaying a BoE rate cut in Q4 2024.
UK interest rates an outlier after decision to hold but Bank of England forecasts inflation rise to 2.5%
The decision to hold rates was not unanimous with one member of the Bank's rate-setting Monetary Policy Committee voting for a cut. Governor Andrew Bailey gave hints of further cuts - but forecast inflation will continue to rise.
UK inflation rate holds steady at 2.2% ahead of interest rate decision
Services inflation rose by 5.6% in August, in line with economists' expectations, compared with 5.2% in July amid possible impact from Taylor Swift’s UK tour. This measure is closely watched by the Bank rate setters.
UK inflation is steady at 2.2% ahead of Bank of England's next rate decision
The latest reading from the Office of National Statistics means inflation remains just above the Bank of England's target of 2%. Last month, the central bank reduced its main interest rate by a quarter-point to 5%, the first cut since the onset of the pandemic.
Inflation held steady in August – will interest rates fall tomorrow?
It is the second month in a row where inflation came in at 2.2%, after creeping up in July. But a rate cut still looks unlikely from the Bank of England tomorrow
UK interest rates - live: Bank of England set to reveal next decision
The Bank of England is widely expected to keep interest rates on hold on Thursday after the latest UK inflation figures remained stubbornly high. Most economists think the Monetary Policy Committee (MPC) rate-setters will keep base rate unchanged at 5 per cent, its highest level since 2008, during the global financial crisis.
Odds of UK interest rate cut this week fall after inflation sticks at 2.2%; rents keep soaring – business live
UK inflation rate remained unchanged last month, as air fares rose and petrol prices dropped, but underlying inflation has risen
UK inflation holds at 2.2% but services prices keep BoE on alert
British inflation held steady in August but sped up in the services sector which is closely watched by the Bank of England, data showed on Wednesday, adding to bets that the central bank will keep interest rates on hold on Thursday.
Interest Rates & Inflation: Bank Rate Held At 5% In Battle Against Persisent Price Rises
Analysts Expect Cuts Before Christmas The Bank of England held its main interest rate at 5% today despite a 0.5% percentage point cut by t ...
UK inflation rate: How quickly are prices rising?
Prices in the UK went up by 2.2% in the 12 months to August, the same rate as in the year to July. The Bank of England has a ...
Bloomberg L.P.3d
UK Inflation Steady at 2.2% Leaves Door Open for Rate Cuts
UK inflation held at just above the Bank of England’s 2% target in August, cementing expectations that policymakers will ...
Sterling rises after UK inflation data and ahead of Fed
The British pound rose against the dollar on Wednesday after UK inflation data boosted the market view that the Bank of ...
Mortgage rates: When will UK interest rates fall again?
In May, the International Monetary Fund (IMF) recommended that UK interest rates should fall to 3.5% by the end of 2025. The ...