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PMIs: Businesses Look Past Omicron Hit with Optimism

  • Written by Gary Howes

UK economy

Staff absences due to the UK's fourth Covid wave meant businesses struggled in January, according to a regular monthly survey that also showed inflationary pressures continue to build.

Read more: PMIs: Businesses Look Past Omicron Hit with Optimism

BoE's Bailey: More Rate Hikes are Incoming

  • Written by Gary Howes

Bailey testimony

Bank of England Governor Andrew Bailey told UK lawmakers he and colleagues remain concerned with the trajectory of UK inflation, and that they stand ready to act.

Read more: BoE's Bailey: More Rate Hikes are Incoming

BoE's Mann: Hike Now to Keep Terminal Rate Low

  • Written by Gary Howes

Bank of England's Mann

The newest member of the Bank of England's Monetary Policy Committee has urged her colleagues to take decisive action in the near-term to lean against inflation.

Read more: BoE's Mann: Hike Now to Keep Terminal Rate Low

Bank of England Tipped to Ignore Retail Sales "Shocker"

  • Written by Gary Howes

Retail sales disappoint in December

Although retail sales fell by a far greater margin than the market was looking for, economists say the data are unlikely to prevent the Bank of England from raising interest rates again in February.

Read more: Bank of England Tipped to Ignore Retail Sales "Shocker"