Meanwhile, the BoE policymaker shared recent UK inflation reports, noting that the current rate stands at 3.2%. In contrast, it is anticipated to decline to a record low of 2% by mid-2026 and remain at this level, as wage increases are occurring at a slower rate. Notably, the 2% figure represents the inflation target set by the central bank.

HARD-PRESSED homeowners have been handed a massive boost today as a top Bank of England boss signalled that interest rates are set to fall AGAIN this year. Alan Taylor, a key voice on the Bank’s

In the communique read on behalf of the MPC, CBL Acting Executive Governor Henry F. Saamoi, noted global economic growth stabilized at 3.2% in 2024, a slight decrease from 3.3% in 2023, reflecting persistent supply chain disruptions caused by geopolitical ...

Williams is one of many Fed officials who have said the central bank can afford to wait for more data before considering whether to lower interest rates again.

Monetary policy guides inflation and economic growth. Learn what it means, the main types, and how central banks manage interest rates and stabilize the economy.