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” Andrew Bailey - 3 we’ve - 1 Price - 1 ” Andrew Goodwin - 1 Mr - 1 Goodwin - 1 Bailey - 1
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Search resuls for: "” Andrew Bailey"


3 mentions found


☆ Bank of England Holds Rates Steady, Despite Slower Inflation
  + stars: | 2024-06-20 | by ( Eshe Nelson | ) www.nytimes.com   time to read: +1 min
The Bank of England held interest rates on Thursday at their highest level since 2008 even as inflation in Britain slowed to 2 percent in May, an important milestone. Policymakers kept rates at 5.25 percent, where they have been for 10 months. “It’s good news that inflation has returned to our 2 percent target,” Andrew Bailey, the governor of the Bank of England, said in a statement. This month, the European Central Bank cut rates for the first time in about five years but warned that it would take a cautious approach to future cuts. The U.S. Federal Reserve also indicated it would reduce rates just once this year, down from an earlier projection of three cuts.
Persons: ” Andrew Bailey, we’ve Organizations: of England, Bank of England, European Central Bank, U.S . Federal Locations: Britain
☆ Bank of England Holds Rates Steady as Fight Against Inflation Continues
  + stars: | 2023-11-02 | by ( Eshe Nelson | More About Eshe Nelson | ) www.nytimes.com   time to read: +1 min
The Bank of England held interest rates at the highest levels in 15 years on Thursday, though policymakers were again divided on the best course of action to stamp out high inflation. Six members of the central bank’s nine-member rate-setting committee voted to keep rates at 5.25 percent amid signs that inflation would continue to ease and the economy was weakening. “Higher interest rates are working and inflation is falling,” Andrew Bailey, the governor of the bank, said in a written statement. The forecasts also highlighted the challenge policymakers face eradicating high inflation, which stuck at 6.7 percent in September. In 2024 and 2025, the inflation rate is expected to be slightly higher than was forecast a few months ago.
Persons: ” Andrew Bailey Organizations: of England
☆ U.K. Inflation Rate Slows to 7.9 Percent, as Price Pressures Ease
  + stars: | 2023-07-19 | by ( Eshe Nelson | More About Eshe Nelson | ) www.nytimes.com   time to read: +4 min
Headline inflation rates have declined, but policymakers are closely watching other measures of price pressure that signal how deeply inflation has become embedded in the British economy. In June, some of these price pressures eased: Inflation in the services sector slowed slightly to 7.2 percent, and core inflation declined for the first time since January. In January, the government pledged to halve the inflation rate by the end of this year, which would mean a fall to 5.2 percent. This partially explains Britain’s relatively high inflation rate — which is higher than in Western Europe and double the rate in the United States — but there are other reasons that inflationary pressures in Britain are strong. The Bank of England raised its interest rate a 13th time last month, to 5 percent, from 0.1 percent in late 2021.
Persons: Price, ” Andrew Goodwin, Mr, Goodwin, ” Andrew Bailey, Bailey Organizations: Oxford Economics, Bank of England, Employers Locations: British, Europe, Britain, Western Europe, United States
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