Tag: quarterly inflation report
Andrew Sentence again talks of raising interest rates to curb inflation
Andrew Sentance, one of the Bank of England’s Monetary Policy Committee (MPC) members, has once again spoken of stubbornly high inflation. Mr Sentance has, since last June, voted for the base rate to be lifted, in order to combat high inflation. He has previously warned that the central Bank faces losing its credibility if it [...]
Bank of England presents Quarterly Inflation Report
Presenting today’s Quarterly Inflation Report, the Bank of England’s Governor, Mervyn King, said inflation will continue to stay high in the first half of 2011. Mr King warned inflation might even reach 6% but it will fall back next year. The Bank’s report comes just a day after the Office for National Statistics (ONS) announced [...]
UK inflation rises to 3.2% in October
The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) rose to an annual rate of 3.2% in October, up from 3.1% in September. The latest figure represents the eleventh consecutive month that inflation has been above the target of 2% and will prompt the Governor of the Bank of England, Mervyn [...]
Bank of England unveils Quarterly Inflation Report
Presenting today’s Quarterly Inflation Report, the Bank of England’s Governor, Mervyn King, said inflation will continue to stay high, while the economy will remain weak. The report stated that inflation will remain stubbornly high, as a result of the rising price of raw materials, higher energy bills and the decision to hike VAT to 20% [...]
Bank of England unveils Quarterly Inflation Report
Presenting today’s Quarterly Inflation Report, the Bank of England’s Governor, Mervyn King, said: “the overall outlook is weaker than that expected in the May report”. Mr King warned that the UK economy faces a “choppy recovery” over the next two years. In its latest report, the Bank of England is predicting that inflation will fall [...]
Bank of England to publish inflation and growth forecasts
The Bank of England is today scheduled to publish its quarterly inflation report and is expected to raise its inflation forecast but lower its economic growth prediction. The Bank’s Governor, Mervyn King, is expected to highlight that the decision to hike VAT to 20% next year will undoubtedly keep inflation higher. In its last quarterly [...]
Bank issues latest quarterly inflation report
The Bank of England’s latest quarterly inflation report, published today, has revealed a much better outlook for the UK economy than its previous report in August. The Bank increased its forecast for economic growth over the next two years predicting that gross domestic product (GDP) should rise above 4% early 2011 before slowing to 3% [...]
BoE issues gloomy quarterly inflation report
The Bank of England has released its latest quarterly inflation report, which warned that the UK recession is worse than expected but economic recovery prospects are improving. In addition the Bank forecast that the consumer price index inflation benchmark is to stay well below its 2% target for the next two years – inflation is [...]
BoE latest quarterly inflation report due today
The Bank of England’s Governor, Mervyn King, is to give the latest growth and inflation forecasts for the UK economy later today, with one analyst expecting it to be a “downbeat affair“. Its quarterly Inflation Report will give the latest predictions on both the country’s economic output and the rate of inflation. It is also [...]
BoE issues gloomy assessment of UK economy
In its latest Quarterly Inflation Report, the Bank of England has issued its gloomiest assessment for the UK economy so far. The Bank warned that the UK is “in a deep recession” and forecast that the economy may contract by 4% from mid-2008 to mid-2009. The Bank’s Governor, Mervyn King, said rate cuts may no [...]
Bank of England to assure Britons’ savers in its quarterly inflation report
The Bank of England’s quarterly inflation report, due to be published later this week, is set to reassure that savers in Britain have not been ‘abandoned’ following aggressive cuts in interest rates. The Bank of England’s Governor, Mervyn King, will insist that rates will return to normal levels as soon as possible, by steering the [...]
Inflation to dip below 2% target as BoE warns of prolonged recession
In its quarterly inflation report, the Bank of England warned that the UK is heading for a prolonged recession. According to the Bank’s Governor, Mervyn King, it is very likely that the UK economy entered a recession in the second half of this year, and added that it is difficult to know precisely how long [...]
