59 articles
The UK government announced budget measures including fuel duty cuts and energy bill support, though the OBR predicts minimal inflation relief. Traders still expect Bank of England rate hikes as energ
UK annual inflation rose to 3.5% in September, exceeding forecasts due to record diesel and petrol prices driven by Middle East conflict impacts on oil supply. This surge prompts expectations of Bank
UK inflation climbed to 3.5% in September, driven by record high diesel prices and oil surging past $100 per barrel. The Bank of England is expected to raise interest rates next month to combat the en
Bank of England policymaker Megan Greene cites energy price shocks from the Iran war as a major inflation risk, urging higher interest rates to mitigate second-round effects on the economy.
UK Bank of England officials are divided on interest rate hikes as energy price shocks continue, with debates centering on whether businesses will absorb costs or pass them to consumers amid rising oi
Bank of England Governor Andrew Bailey noted UK companies are prioritizing cost containment amid energy price surges linked to the Iran conflict. While inflation remains subdued, this caution could im
According to a Citi/YouGov survey, UK public inflation expectations rose to 4.5% in September. The Bank of England is monitoring energy price jumps from the Iran war for potential long-term inflation
Bank of England Governor Andrew Bailey warned that persistent high oil and gas costs will pressure policymakers to raise interest rates soon. Traders anticipate hikes as industrial energy costs soar a
Bank of England Governor Andrew Bailey warned that persistently high energy prices are making it increasingly difficult to maintain current interest rates due to inflation pressures.
Two senior Bank of England officials warned of potential interest rate hikes as high energy costs and geopolitical tensions raise inflation risks.
Bank of England Deputy Governor Clare Lombardelli warned that interest rate hikes are more likely if high energy costs persist amid Middle East tensions. With Brent crude near $106 per barrel, prolong
Bank of England hints at rate hikes as oil exceeds $100/barrel and weather shocks raise food prices. UK Prime Minister Burnham faces inflation risks impacting energy and agricultural sectors.
The Bank of England paused gilt sales and held rates steady, sparking a bond rally despite inflation risks from Middle East energy conflicts. Analysts cited oil supply concerns and upcoming fiscal bud
The Bank of England is set to maintain interest rates despite surging energy prices linked to the Iran conflict. Rising natural gas and crude costs may force a rate hike in November as inflation excee
UK inflation climbed to 3.1% in August driven by surging motor fuel and airfare costs amid Middle East tensions. Rising energy and food prices increase pressure on the Bank of England ahead of its int
UK wage growth slowed to 3.9% per ONS figures, prompting scrutiny from the Bank of England as rising global energy prices fuel inflation concerns.
The Bank of England faces pressure to raise rates as Iran war tensions and El Niño drive up energy and agricultural commodity prices. Forecasts predict significant inflation spikes in oil, food, and k
Bloomberg Economics' AI model forecasts a Bank of England interest rate hike in February driven by soaring oil and gas prices, diverging from economist consensus.
Bank of England officials warn airfares will rise as airlines pass on surging oil costs. They highlighted widening crack spreads between crude and refined fuels like jet fuel amid global refining capa
The Bank of England is expected to maintain interest rates at 3.75% through mid-2027 due to inflation risks linked to war-driven energy prices. Economists forecast Brent crude near $100/barrel, potent
The British pound declined against the dollar as investors anticipated Bank of England policymakers' inflation insights, coinciding with Brent crude prices rising to nearly $100 per barrel amid Middle
BoE Governor Andrew Bailey stated that energy price surges linked to the U.S.-Iran conflict have not yet created serious long-term inflation pressures, citing a soft labor market as a restraint.
UK inflation hit 2.9% in July as energy costs surged due to the Iran war, prompting Bank of England rate hike speculation despite declining crude oil prices.
UK inflation is forecast to rise to nearly 3% in July due to soaring energy bills, potentially triggering interest rate hikes by the Bank of England amid Middle East conflict-driven oil price volatili
Bank of England holds rates at 3.75% while warning that Middle East conflict could push Brent crude above $100/barrel, threatening inflation stability.
The pound traded mixed against the euro and dollar ahead of the Bank of England's rate decision, as Middle East tensions pushed Brent crude to $92, raising energy cost and inflation concerns.
The Bank of England maintained interest rates at 3.75% as Middle East conflict pushed oil and gas prices higher, contributing to inflationary pressure. June’s inflation rate fell to 2.6%, though energ
The Bank of England is set to hold interest rates steady at 3.75% amidst inflation concerns driven by volatile oil and natural gas prices. Economists predict a 7-2 vote to maintain current levels whil
UK household inflation expectations fell to 3.4% in July despite volatile oil prices, easing concerns ahead of the Bank of England's rate decision. Citi data shows long-term expectations cooled even a
Economists warn that oil prices exceeding $100 per barrel due to Middle East conflict may compel the Bank of England to raise interest rates later this year to curb inflationary pressures.
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