Will the Bank of England raise interest rates again in 2018?
The Bank of England’s Monetary Policy Committee (MPC) has decided to hold base rate at 0.5 per cent, a month after its first rise in a decade. Interest rates are the primary monetary lever that the governor of the Bank of England, Mark Carney, can pull to bring down inflation if it is deemed too […]
Bank of England under pressure for interest rate rise after ONS error
The UK’s official statistics agency has added to the pressure on the Bank of England over whether to raise interest rates as soon as next month after admitting it underestimated the pace of rising labour costs. The Office for National Statistics said on Monday it made a mistake in its original calculations for the growth in unit labour costs, […]