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19/03/2002
Fall in inflation suggests frozen interest rates
New figures showing a fall in UK inflation have led to increased speculation that interest rates are unlikely to rise in the near future.
The annual rate of inflation – excluding mortgage repayments – decreased to 2.2 per cent during February, a fall of 0.4 per cent on the figure for January. Inflation including mortgage repayments fell to 1.5 per cent, down from 1.6 per cent in January.
The figures seem to point towards a relaxing of inflationary pressures, which could see the Bank of England’s Monetary Policy Committee opting against a rise in interest rates during its next meeting on April 3 and 4.
January saw a rise in inflation, causing the rate to go above the Government’s “inflation target” of 2.5 per cent.
The increase was attributed to higher oil prices, an influence which was regarded as an isolated factor.
(CL)
The annual rate of inflation – excluding mortgage repayments – decreased to 2.2 per cent during February, a fall of 0.4 per cent on the figure for January. Inflation including mortgage repayments fell to 1.5 per cent, down from 1.6 per cent in January.
The figures seem to point towards a relaxing of inflationary pressures, which could see the Bank of England’s Monetary Policy Committee opting against a rise in interest rates during its next meeting on April 3 and 4.
January saw a rise in inflation, causing the rate to go above the Government’s “inflation target” of 2.5 per cent.
The increase was attributed to higher oil prices, an influence which was regarded as an isolated factor.
(CL)
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14 February 2002
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Inflation rises but interest rates unchanged
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04 April 2002
Interest rates remain unchanged at 4 per cent
The Bank of England have announced that UK interest rates will remain unchanged at a 38-year low of four per cent following the monthly meeting of the bank's Monetary Policy Committee (MPC). The news was broadly welcomed as the UK, and Europe, continues to slowly edge out of last year's downturn.
Interest rates remain unchanged at 4 per cent
The Bank of England have announced that UK interest rates will remain unchanged at a 38-year low of four per cent following the monthly meeting of the bank's Monetary Policy Committee (MPC). The news was broadly welcomed as the UK, and Europe, continues to slowly edge out of last year's downturn.
08 August 2001
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11 April 2002
UK new investment projects fall
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UK new investment projects fall
The latest Ernst & Young European Investment Monitor survey has revealed that the number of new investment projects into Europe in 2001 fell by 12 per cent on 2000 figures. Countries that performed poorly in 2001 included the UK with a 34 per cent decline from 575 projects to 377.
18 June 2002
UK inflation rate falls below two per cent
Official figures from the Office for National Statistics (ONS) has revealed that the UK inflation rate fell sharply last month to 1.8% in May from 2.3% in April.
UK inflation rate falls below two per cent
Official figures from the Office for National Statistics (ONS) has revealed that the UK inflation rate fell sharply last month to 1.8% in May from 2.3% in April.
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