- Thursday, 11 May 2017
- News
Bank of England cuts UK growth forecast, rates unchanged
The Bank of England has trimmed its UK growth forecast for 2017 this year, saying that household spending is slowing more quickly than expected. It said consumers were being squeezed between sluggish income growth and rising inflation, and that could be seen in weak retail sales and a sharp fall in new car registrations in April. The Bank trimmed its growth forecast to 1.9% from its previous estimate of 2.0% made in February. It also held interest rates at 0.25%.
Read more...- Monday, 16 January 2017
- News
Bank of England ‘keeping close eye on UK consumer spending’
The Bank of England is keeping a close watch on consumer spending amid signs households are dipping into their savings and amassing debts to keep spending in the face of rising inflation. Mark Carney, the Bank governor, said consumer spending had held up since last summer’s vote to leave the EU but he reiterated a warning that living costs were likely to rise on the back of a weak pound and squeeze households’ real incomes.
Read more...- Tuesday, 19 July 2016
- News
RBA waiting for next inflation reports
- Wednesday, 22 June 2016
- News