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BoE - 2 Andrew Bailey - 2 Sumanta Sen - 2 Reuters Graphics Reuters Graphics BOE - 1 Huw Pill - 1 William Schomberg - 1 Hugh Lawson - 1 Dado Ruvic - 1
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Search resuls for: "William Schomberg Sumanta Sen"


2 mentions found


☆ High inflation and slowdown signs: the BoE's tough trade-off
  + stars: | 2023-10-30 | by ( William Schomberg Sumanta Sen | William Schomberg | Sumanta Sen | ) www.reuters.com   time to read: +4 min
HIGH INFLATION FALLS SLOWLYConsumer price inflation hit 11.1% in October 2022, which was higher than in comparable economies, and it has fallen more slowly too. But service price inflation, which the BoE watches closely, rose. Economists expect a big fall in headline inflation in October as last year's energy price surge fades from the comparison. However, the BoE issued a forecast in August saying inflation would return to 2% only in the second quarter of 2025. Financial markets do not see a more than 50% chance of the BoE cutting Bank Rate until August 2024.
Persons: BoE, Andrew Bailey, Reuters Graphics Reuters Graphics BOE, Huw Pill, William Schomberg, Sumanta Sen, Hugh Lawson Organizations: Bank of England, Reuters Graphics, HIT, Reuters Graphics Reuters Graphics, Financial, European Central Bank, Graphics, Thomson Locations: Britain, U.S
☆ UK economy shows signs of slowdown as BoE rate hikes mount
  + stars: | 2023-08-23 | by ( William Schomberg Sumanta Sen | William Schomberg | Sumanta Sen | ) www.reuters.com   time to read: +5 min
But signs of a slowdown are mounting, highlighting the BoE's dilemma as it continues to grapple with inflation. But the BoE looks set to keep on raising rates with inflation still more than three times its 2% target. Below are key readings of Britain's economy that the BoE will assess before its next scheduled announcement on interest rates on Sept. 21. But many analysts expect the lagged impact of the BoE's rate rises to hit spending soon, adding to the drag on the economy. Many economists think the delayed impact of higher interest rates and still elevated inflation will hit growth in the coming months.
Persons: Dado Ruvic, BoE, Andrew Bailey, GfK, Sumanta Sen, Devika Organizations: REUTERS, Bank, Bank of England, Brexit, P, CIPS, Nationwide, Halifax, Reuters Graphics LABOUR, Employers, European Union, Reuters, Reuters Graphics, Thomson Locations: Britain
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