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monetary policy

Bailey addresses London conference as August data slate opens

Illustration accompanying article: Bailey addresses London conference as August data slate opens
  • Bank of England governor Andrew Bailey is due to speak at the LSE TRIUM Anniversary Conference in London at 9.50am BST, a day after the Bank's chief economist called for higher UK interest rates.
  • UK car sales hit an eight-year high in August, according to The Guardian's business live blog.
  • Volkswagen approved another 50,000 job cuts, the blog reported.
  • The US non-farm payrolls report is expected to show a rebound of around 56,000 jobs added in August, following a fall in July that the blog described as a shock.
  • The UN's Food Price Index, due at 9am BST, will show whether staples such as dairy, cereals, sugar, and meat are getting pricier.
 2026-09-04 · 6 MIN READ

BOE's Pill argues war uncertainty supports rate hike

Illustration accompanying article: BOE's Pill argues war uncertainty supports rate hike
  • Bank of England Chief Economist Huw Pill told an Edinburgh audience Thursday that the central bank should raise its key interest rate to limit the risk of prolonged above-target inflation.
  • Pill argued that uncertainty about the course of the U.S.–Iran war and the resulting energy-price path makes waiting for clarity harder to justify.
  • At the July meeting, Pill and two other Monetary Policy Committee members voted for a rate rise; six members voted to hold.
  • Pill said even a new ceasefire announcement would leave the conflict's effectiveness and energy-price effects difficult to assess.
 2026-09-03 · 3 MIN READ
Illustration accompanying article: Fed's Waller ties rate-hike support to next week's inflation report