Interest rates: Bank of England hawks to ‘look through’ Budget’s disinflation

cityam03:59

Clare Lombardelli struck a hawkish tone on interest rates on Wednesday. Bank of England policymakers struck a hawkish tone on the future path of interest rates despite acknowledging that the upcoming ...

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Bank of England policymakers struck a hawkish tone on the future path of interest rates despite acknowledging that the upcoming ...</p>\n\n<a href=\"https://www.cityam.com/interest-rates-bank-of-england-hawks-to-look-through-budgets-disinflation/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Interest rates: Bank of England hawks to ‘look through’ Budget’s disinflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInterest rates: Bank of England hawks to ‘look through’ Budget’s disinflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-10 03:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/interest-rates-bank-of-england-hawks-to-look-through-budgets-disinflation/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Clare Lombardelli struck a hawkish tone on interest rates on Wednesday. Bank of England policymakers struck a hawkish tone on the future path of interest rates despite acknowledging that the upcoming ...</p>\n\n<a href=\"https://www.cityam.com/interest-rates-bank-of-england-hawks-to-look-through-budgets-disinflation/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0300736492.USD","symbol_name":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","start_time":0,"source_url":"https://www.cityam.com/interest-rates-bank-of-england-hawks-to-look-through-budgets-disinflation/","article_id":"2590329502","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2024/11/01JC3CNFPKT5CH0ZQQZFAF6MN6-e1732704938585.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/interest-rates-bank-of-england-hawks-to-look-through-budgets-disinflation/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2590329502","pubTimestamp":1765310383,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Monetary Policy Committee  members’ comments came ahead of scheduled meetings where policymakers will decide whether to slash interest rates from its current level of four per cent at an upcoming decision on 18 December.“I am probably less convinced than others about how restrictive monetary policy is at the moment or how far we are from reaching the end of the cutting cycle.“There is a question of what you do with [administered prices]. Economic theory will tell you to look through that.” Lombardelli also suggested that there were also questions on impacts on inflation expectations to be examined.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","LU0266512473.USD":"JPM GLOBAL NATURAL RESOURCES \"C\" (USD) ACC","LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","MPC":"马拉松原油","LU0122376428.USD":"贝莱德世界能源基金A2","LU0788109394.HKD":"BGF WORLD ENERGY \"A2\" (HKDHGD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","BK4588":"碎股","BK4138":"石油与天然气的炼制和营销","BK4585":"ETF&股票定投概念","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0266512127.USD":"摩根大通环球自然资源 A(acc)"},"translate_title":"利率：英格兰银行鹰派“审视”预算的通货紧缩","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MPC":1},"content_text":"Clare Lombardelli struck a hawkish tone on interest rates on Wednesday. Bank of England policymakers struck a hawkish tone on the future path of interest rates despite acknowledging that the upcoming Budget would lower inflation.Appearing before MPs on the Treasury Select Committee, Bank staff analysis agreed with the Office for Budget Responsibility (OBR) that measures in Rachel Reeves’ November statement would strip 0.5 percentage points off headline inflation through a “purely mechanical effect”. The main measure contributing to lower inflation in the UK economy involves stripping green levies off household energy bills as well as a freeze to fuel duty and rail fares next year. But Lombardelli said there were arguments to be made on whether rate-setters should “look through” the Budget measures and place greater weight on other factors.\n\nMonetary Policy Committee (MPC) members’ comments came ahead of scheduled meetings where policymakers will decide whether to slash interest rates from its current level of four per cent at an upcoming decision on 18 December.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMarkets have priced in a 25 basis point cut, though Oxford Economics analysts have suggested the decision could be a “closer call” than many expect given Governor Andrew Bailey could cast the deciding vote in another split decision. Earlier in the hearing, Lombardelli struck a hawkish tone as she raised concern about high inflation expectations among consumers and businesses, which could push price growth higher than forecasts suggest. “I worry more about the upside risks to inflation,” Lombardelli said. “I put more weight on the structural factors we are seeing – we are seeing pressure on resources in the economy.\n\n“I am probably less convinced than others about how restrictive monetary policy is at the moment or how far we are from reaching the end of the cutting cycle.“There is a question of what you do with [administered prices]. Economic theory will tell you to look through that.” Lombardelli also suggested that there were also questions on impacts on inflation expectations to be examined.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2590329502","isCrawlerRequest":true}