Bank of England's Pill 'cautious' about further rate cuts

Exclusive: Bank of England's Pill 'cautious' about further rate cuts
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Bank of England needs to ‘cut through the noise’, rate-setter says
In a speech delivered in Leeds, Mann explained that the persistence of "embedded inflationary behaviours" had diminished due to growing weakness in the economy.
Bank of England policymaker issues interest rates warning after 'uncomfortable' news
ABank of England policymaker has called for a cautious approach to interest rate cuts following"uncomfortable" growth figures.
Bank of England's Mann says no to 'cut, cut, cut' on rates
Bank of England policymaker Catherine Mann said on Tuesday that her unexpected vote for a half percentage-point cut in interest rates last week did not mean she wanted a series of rate cuts or that she would vote the same way again in March.
Live: Bank of England cuts interest rates to 4.5%
The Bank of England voted to reduce the base rate by 25 basis points at the first MPC meeting of the year, as widely anticipated
Bank of England cuts interest rates
The Bank of England's monetary policy committee's decision to cut interest rates is the third cut to the cost of borrowing in just over half a year.
Bank of England's Mann: Bigger Rate Cut Was Needed to 'Cut Through the Noise'
Mann was one of two members of the BoE's Monetary Policy Committee who last week voted for a half-point cut in interest rates to 4.25%, against the majority who favoured a quarter-point cut to 4.25%.
Bank of England Chief Economist Says Some Colleagues ‘Rushing’ to Cut Rates
Bank of England Chief Economist Huw Pill pushed back against colleagues voting for a large interest rate cut, arguing that they are “rushing” to change policy too quickly.
Interest rates cut by Bank of England - first meeting of monetary policy committee in 2025
The Bank of England has taken the decision to reduce interest rates. At its meeting ending on 6 February 2025, the monetary policy committee (MPC) voted by a majority of seven to two to reduce the bank rate by 0.25 percentage points, to 4.5 per cent.
Bank of England’s tepid rate cut risks prolonged stagflation, warns deVere CEO
The Bank of England’s hesitant approach to tackling the UK’s economic malaise is setting the stage for prolonged stagnation, warns Nigel Green, CEO of global financial advisory giant deVere Group.The Monetary Policy Committee (MPC) voted 7-2 to cut rates by a modest 25 basis points to 4.
Bank of England Urges Caution on Interest Rate Cuts Amid Inflation Risks
The Bank of England has issued a warning about the potential risks of cutting interest rates too soon, following economic data that suggests inflation may persist longer than expected. Megan Greene, a member of the Monetary Policy Committee (MPC),
The Activist American Ruffling Feathers at the Bank of England
The best way to set monetary policy is “to be cautious,” according to a Bank of England working paper from 2002. It goes on ...
MercoPress5d
Bank of England confirms restrictive monetary policy: keeps rates unchanged
As decided by the US Federal Reserve, the Bank of England Monetary Policy Committee, (MPC) at its meeting ending on 20 March 2024, voted by a majority of 8–1 to maintain Bank Rate at 5.25%.
Stronger economic growth adds to conundrum for Bank of England
The UK economy eked out some growth in the final quarter of last year largely helped by a surge in activity in December, data from the ONS showed on Thursday. With the market expecting a contraction, ...