Bank of England News Today

Expectations of Bank of England rate cut rise

Expectations of Bank of England rate cut rise as UK unemployment hits four-year high

UK unemployment rose in the three months through October as a softening labour market added to the Bank of England’s policy dilemma ahead of its final interest rate decision of the year. The headline jobless rate edged up to 5.

· 1d

Two Cuts and Done? Bank of England Faces End of Easing Cycle

· 1d · on MSN

Bank of England expected to cut interest rates to nearly three-year low

· 15h

Young workers hit hardest as UK unemployment rate rises to 5.1%

The UK unemployment rose to 5.1% in the three months to October, with younger workers particularly affected.

· 20h

U.K. Unemployment Rises to Pandemic-Era Highs

· 20h

UK unemployment rate rises slightly to 5.1%

20h

UK Unemployment Rises as Labor Market Eases Ahead of BOE Meeting

UK unemployment climbed to its highest level in almost five years and wage growth eased as a cooling labor market appeared to clear one of the final hurdles to a pre-Christmas interest-rate cut by the Bank of England.

The Business Times

Bank of England faces the end of easing cycle

The 25 bp cut on Dec 18 will bring the BOE’s rate to 3.75%, and is suggested as Britain’s ‘neutral rate’ Read more at The Business Times.

The Register on MSN

Delay to European Central Bank messaging project cost the Bank of England £23M

Watchdog links schedule change to replanning of UK payments system overhaul The European Central Bank's (ECB) decision to delay its move to a new messaging standard in 2022 ended up costing the Bank of England £23 million as it was forced to adjust migration to a new settlement system to avoid compounding risks.