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...BoE governor Andrew Bailey said a cut at the June meeting was neither “ruled out” nor a “fait accompli”, with a decision reliant on crucial data such as jobs, wage growth and services inflation....
...But many clients are also buying on the basis of the long-term structural story,” said Bailey....
...“European inflation dynamics are somewhat different,” Bailey said during a visit to Washington in April....
...On April 6, hedge fund billionaire John Paulson hosted an event that the Trump campaign claimed raised $50mn, which would be the biggest political fundraiser in US history....
...It was the biggest monthly increase since April 2021, the ONS said, taking volumes back to the level of November 2023....
...Kantar data provides an early indication of food price pressures ahead of the official price statistics published on April 17....
...But Pill, the bank’s chief economist, struck a very different tone on April 23, when he said he felt “relatively cautious” about starting rate cuts....
...The Bank of England is expected to make its first cut in the summer as governor Andrew Bailey notes “encouraging signs” on inflation....
...The Bank of England forecasts headline price growth will be below the 2 per cent target in April....
...“UK CPI inflation in March was below US CPI inflation and the April data is very likely to show the UK converging in line with Euro area inflation,” he added....
...Traders revised their view after April’s inflation figure was well above the BoE’s forecast....
...They face becoming immediately subject to UK inheritance tax on their global assets from April 6 2025....
...Bank of England governor Andrew Bailey warned yesterday that inflation could be more persistent than many expect....
...BoE governor Andrew Bailey said after the meeting that the central bank had seen “good news on inflation over the past few months”....
...On Thursday, Bank of England governor Andrew Bailey said it needed “more evidence” of disinflation before it would cut rates....
...Annual private sector wage growth increased to 7.6 per cent in the three months to April, according to the latest official data....
...In the eurozone, markets are now pricing a 75 per cent probability of a rate cut by the ECB by April, up from a 30 per cent chance in early October....
...Andrew Bailey, BoE governor, said on Tuesday that inflation is taking “a lot longer” than hoped to come down....
...BoE governor Andrew Bailey told MPs this week that higher shipping costs would be “an issue in the monetary policy world”....
...“As I’m afraid this morning’s numbers illustrate, we’ve got a very tight labour market,” Bailey said....
...Households deposited £2.4bn in NS&I in April and May this year, according to the Bank of England....
...Official data on Tuesday showed that UK borrowing between April and October had been nearly £17bn less than the Office for Budget Responsibility had previously forecast, owing to higher than expected tax...
...The FT Weekend Oxford Literary Festival takes place from Saturday 25 March to Sunday 2 April....
...The BoE still expects inflation to fall rapidly this year, particularly in April when energy bills are forecast to rise by much less than at the same period last year....
...Late last month BoE governor Andrew Bailey said he thought markets were “underestimating” the risk of persistent inflation and stressed he expected to keep rates high for an extended period of time....
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