UK Monetary Policy Report Press Conference, August 2024

Over the past couple of years we have raised interest rates to slow down price rises (inflation). It’s working. Inflation has fallen a lot over the past 18 months. Inflation in ...

The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term ...

post: OPEC+ JMMC WON'T DISCUSS Q4 OIL OUTPUT POLICY - DELEGATE post: THE OPEC+ COMMITTEE MEETING FOCUSED ON COMPENSATION - OPEC+ DELEGATE.

post: BOE GOV. BAILEY: WE STILL FACE A QUESTION ON WHETHER A PERSISTENT COMPONENT OF INFLATION IS ON COURSE TO DECLINE TO A LEVEL CONSISTENT WITH 2% INFLATION. post: BOE GOV. BAILEY: THE FORECAST IS CONSISTENT WITH A BENIGN VIEW OF PERSISTENCE. post: BOE GOV. BAILEY: WE GIVE SOME WEIGHT TO AN ALTERNATIVE, LESS BENIGN INFLATION PERSISTENCE SCENARIO. post: BOE'S BAILEY - ASKED IF BOE RATE POLICY IS "ONE AND DONE", SAYS WILL GIVE NO VIEW ON PATH OF RATES ** BOE GOES MEETING TO MEETING, MAKING JUDGEMENT BASED ON EVIDENCE ** MPC CONTINUES TO REMAIN HIGHLY ALERT TO RISKS OF INFLATION PERSISTENCE

In the week ending July 27, the advance figure for seasonally adjusted initial claims was 249,000, an increase of 14,000 from the previous week's unrevised level of 235,000. The ...