The Latest Breaking News from Bank of England

BoE insists that monetary policy must remain restrictive for ‘an extended period’, after money markets anticipated five rate cuts in 2024

Bank of England expected to keep rates at 5.25% on Thursday but abandon current strategy next year

US consumer prices rose at a slower rate last month, with energy costs dropping in a boost to America’s drivers

Bank of England will be monitoring figures as it decides whether to cut interest rates this week

Morning Markets The S&P 500 Index ( $SPX ) ( SPY ) is up +0.11%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up +0.3%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is down -0.26%. Stock index futures this morning are mixed...

Any shift on the Monetary Policy Committee toward a call for a rate cut will affect the outlook for timing of the first move down

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.10%, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.18%. Stock index futures this morning are modestly lower on position squaring ahead of Tuesday’s U.S. consumer price report and the results of the Tue/Wed FOMC meeting. U.S....

Stubbornly high inflation forces central banks to avoid cuts, but markets expect falls next year

When asked what they expect the rate of inflation to be five years from now, respondents gave a median answer of 3.2%