The media reports that Bank of England Governor Andrew Bailey, as part of his Friday speech, will make a positive statement about the progress that the United Kingdom has been able to achieve in implementing measures and taking actions aimed at countering the inflationary process, but at the same time will note that restrictive monetary […]
In the United Kingdom, an increase in the inflation rate was recorded in July, which turned out to be lower than the preliminary expectations of experts interviewed by the media about the dynamic of this indicator and the forecast of the Bank of England.
The media reports that currently, the dominant point of view among experts is that shortly the Bank of England is highly likely to warn investors that they should not bet on launching the process of consistently cutting interest rates if its policymakers decide this week on a sharp lowering of the cost of borrowing.
Last Thursday, June 20, the Bank of England, during its regular meeting, decided to keep interest rates at 5.25%.
In May, the United Kingdom’s inflation rate fell back against the Bank of England’s 2% target for the first time in almost three years.
Sasha Mills, executive director of Financial Market Infrastructure (FMI) at the Bank of England, said that much more needs to be done in the context of increasing cyberattack preparedness for companies that provide payment transaction services in the United Kingdom.
Morgan Stanley experts say that there is still a possibility that next month the Bank of England will begin implementing a monetary policy easing strategy, under which interest rates will be cut.
Governor of the Bank of England Andrew Bailey agrees with the opinion of the House of Lords that artificial intelligence should not be perceived as a risk to business.
For the first time since the beginning of the coronavirus pandemic, the Bank of England opened the door to cut interest rates, confirming forecasts that the inflation rate will reach the target level in the coming spring, and warning of the likelihood of renewed price pressure.
The Bank of England on Thursday, February 1, is likely to keep the interest rates at 5.25%, keeping this indicator within what can be described as sustainable stability.
According to the vision of the Bank of England, super-powerful quantum computers can become a catalyst for significant innovations in financial markets.
In the United Kingdom, the executives of local companies appealed to the Bank of England to lower interest rates shortly, arguing that this decision by the financial regulator would be able to support the country’s weakening economic system after the so-called depressed confidence turned out to be at a four-month low.
The Bank of England has stated the risk that the wider spread of artificial intelligence could provoke a threat to the financial system.
Bank of England Governor Andrew Bailey, suggests that a reduction in interest rates in the foreseeable future is an unlikely prospect, warning that the second half of the process of countering inflation in the United Kingdom will be hard work.
According to the results of October, the annual inflation rate in the UK showed a sharp decline to the level of 4.6%.
The Bank of England has warned that the economy of the United Kingdom is highly likely to continue to show zero growth until 2025 against the background of high-interest rates or even a continued increase in this indicator.
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