Bank of England’s Bailey plays down inflation fears

Bank of England's Bailey says inflation is slowing, 2025 jump will not last
Bank of England Governor Andrew Bailey said in an interview published on Monday that inflation was slowing and an expected pick-up in price growth later this year was unlikely to embed longer-term inflation pressures in the economy.
U.K. Inflation Reaches 10-Month High, Complicating Bank of England’s Rate Path
Consumer prices were 3.0% higher in January than a year earlier, up from 2.5% in December, complicating the picture for the BOE after it said it would cut interest rates gradually.
EWU: The Bank of England Cuts Rates To Support Growth, Downplays Inflation
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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 gives hawkish warning as it cuts rates to 4.5%
In a blow to Chancellor of the Exchequer Rachel Reeves, the BOE warned that inflation will rise “quite sharply” to peak at 3.7% later this year, up from 2.8% in the last forecast.
Bank of England cuts interest rates to 4.5% and slashes UK growth forecast
The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.
UK inflation spike to a 10-month high, likely to worry the Bank of England
Inflation in the U.K. rose to a 10-month high in January, official figures showed Wednesday, an increase that will likely diminish expectations of rapid interest rate reductions from the Bank of England.
Bank of England chief says UK facing ‘weak growth environment’
Andrew Bailey said the world was experiencing a period of ‘heightened uncertainty’ which could have an impact on global growth.
UK inflation rate jumps to 3% in January
Take a look at the below to see how inflation has changed over the last several years - the red dotted line signals the Bank of England's target to keep it at 2%. The Bank considers inflation when weighing up whether to raise or lower interest rates,
Blow to Bank of England rate cut hopes but boost for workers as wage growth accelerates
Fresh data showing a continued acceleration in wage growth and surprise strength in the labour market has further complicated ...
BoE's Bailey says latest labour data in line with forecasts
The latest UK jobs market data published earlier on Tuesday does not change the Bank of England's broad expectations for the ...
MercoPress21h
UK January inflation climbs to 3%; Bank of England anticipates ‘bumpy road’ ahead
The UK rate of inflation reached 3% in January, from 2.5% in December, higher than forecasts and with the Bank of England ...
Resurging UK Inflation Will Keep BOE Cautious on Cutting Rates
UK inflation probably hit its highest level in 10 months in January, continuing a resurgence in price pressures that has made ...
Bank Of England: Easy Decision Made But Trickier Ones Ahead
Greater challenges await in future meetings when the BoE will be balancing the need to support an ailing economy without ...
FXStreet7d
BoE's Greene: Hesitant to say a trade war is helpful for inflation
Bank of England (BoE) policymaker Megan Greene noted on Wednesday that a cautious approach is probably the best approach when it comes to easing monetary policy. Inflationary pressures continue to ...