Bank of England should hold interest rates, City AM Shadow MPC says

cityam02-03 22:44

The Bank of England has been urged to leave interest rates at 3.75 per cent. The Bank of England should hold interest rates to get inflation back down to two per cent, City AM’s Shadow Monetary Policy...

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The Bank of England should hold interest rates to get inflation back down to two per cent, City AM’s Shadow Monetary Policy...</p>\n\n<a href=\"https://www.cityam.com/bank-of-england-should-hold-interest-rates-city-am-shadow-mpc-says/\">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>Bank of England should hold interest rates, City AM Shadow MPC says</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\">\nBank of England should hold interest rates, City AM Shadow MPC says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-03 22:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/bank-of-england-should-hold-interest-rates-city-am-shadow-mpc-says/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Bank of England has been urged to leave interest rates at 3.75 per cent. The Bank of England should hold interest rates to get inflation back down to two per cent, City AM’s Shadow Monetary Policy...</p>\n\n<a href=\"https://www.cityam.com/bank-of-england-should-hold-interest-rates-city-am-shadow-mpc-says/\">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":"MPC","symbol_name":"马拉松原油","start_time":0,"source_url":"https://www.cityam.com/bank-of-england-should-hold-interest-rates-city-am-shadow-mpc-says/","article_id":"2608870429","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/02/bailey-boe-copy-3-1-e1770126855890.jpg?w=286&h=161&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/bank-of-england-should-hold-interest-rates-city-am-shadow-mpc-says/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2608870429","pubTimestamp":1770129892,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"The Bank of England has been urged to leave interest rates at 3.75 per cent. The Bank of England should hold interest rates to get inflation back down to two per cent, City AM’s Shadow Monetary Policy Committee has said, as policymakers find insufficient evidence to lower borrowing costs.The nine economists, who responded independently from their respective organisations, said recent data on price growth should be treated cautiously by the Bank despite the prospect of inflation rapidly easing after April due to lower energy bills.Members of City AM’s Shadow MPC warned that business survey data showed cost pressures increasing and momentum in the UK not falling at a rapid enough pace to warrant an interest rate cut.Economists voted 7-2 in favour of leaving interest rates on hold. City forecasters, including UBS, have predicted a similar balance of voting across the MPC.It would leave interest rates at 3.75 per cent.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MPC":"马拉松原油","AM":"Antero Midstream Corporation","BK4138":"石油与天然气的炼制和营销","BK4588":"碎股","LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","IE00BMQBXF63.USD":"BNY MELLON GLOBAL INFRASTRUCTURE INCOME \"B\" (USD) INC A","CHCO":"City Holding Company","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","BK4211":"区域性银行","IE00BZ18W456.USD":"BNY MELLON GLOBAL INFRASTRUCTURE INCOME \"B\" (USD) INC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4144":"石油与天然气的储存和运输","BK4585":"ETF&股票定投概念","LU0266512473.USD":"JPM GLOBAL NATURAL RESOURCES \"C\" (USD) ACC","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","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","LU0122376428.USD":"贝莱德世界能源基金A2","IE00BZ18W340.USD":"BNY MELLON GLOBAL INFRASTRUCTURE INCOME \"B\" (USD) ACC"},"translate_title":"金融城影子货币政策委员会表示，英格兰银行应维持利率不变","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MPC":1.5,"AM":1.5,"CHCO":1.5},"content_text":"The Bank of England has been urged to leave interest rates at 3.75 per cent. The Bank of England should hold interest rates to get inflation back down to two per cent, City AM’s Shadow Monetary Policy Committee has said, as policymakers find insufficient evidence to lower borrowing costs. The nine economists, who responded independently from their respective organisations, said recent data on price growth should be treated cautiously by the Bank despite the prospect of inflation rapidly easing after April due to lower energy bills. Members of City AM’s Shadow MPC warned that business survey data showed cost pressures increasing and momentum in the UK not falling at a rapid enough pace to warrant an interest rate cut. Economists voted 7-2 in favour of leaving interest rates on hold. City forecasters, including UBS, have predicted a similar balance of voting across the MPC. \n\nIt would leave interest rates at 3.75 per cent.\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 all but priced in for interest traits to be held on Thursday. Inflation in the year to December stood at 3.4 per cent. Jonathan Haskel, a former rate-setter, said inflation had proven to be “persistent” and that a blog post written by staff at the Bank of England showed there to be little effect of Chinese trade diversion weighing down more heavily on UK inflation. The independent economist Julian Jessop said it was “increasingly hard to justify” lowering interest rates given they were already around neutral levels. \n\nPeel Hunt economist Kallum Pickering said interest rates should be cut as wage growth was “comfortably in the safe zone” and some measures of price growth showed inflation coming closer to the Bank’s two per cent target. Anna Leach – Institute of Directors, chief economistVote: HoldWhat has influenced your decision? “The reality is that inflation remains high at 3.4 per cent and has risen in the most recent data. Both services and food inflation remain around 5 per cent and have also risen in the most recent data, and inflation and price-setting expectations remain strong. So it’d be a surprise to see the MPC feeling comfortable cutting rates. \n\n“Disinflationary pressures are building. In November, the Bank of England was expecting inflation to fall to an average of 2.9 per cent in the second quarter.“By December, they’d revised their expectation for April to “closer to two per cent”, which is quite a sharp correction. Of course 0.5 percentage points of this are from Budget decisions, but food and commodity inflation is also softer than expected. “The rising risk of job losses may reinforce weakness in consumer spending and amplify broader softness in demand, which could bring down inflation even further. This’ll be a rate hold, but there’ll be more cuts to come this year.”Ben Ramanauskas – Senior research fellow in economics at Policy ExchangeVote: Cut 25 basis points\n\nWhat has influenced your decision? “The recent uptick in headline inflation will concern the Bank, but this was largely driven by airfares and an increase in tobacco duty. While food inflation is an issue, growth in core inflation has remained stable and private sector wage growth has slowed. “The Bank expects inflation to fall towards target in the coming months due to monetary policy and government measures such as the rail fares freeze.“The labour market continues to show signs of cooling due to the hike to employers’ national insurance, increases to the minimum wage, and concerns over the Employment Rights Act. “Economic growth as well as business and consumer confidence remain subdued. Monetary policy is currently restrictive and failing to cut rates now risks exacerbating the problems plaguing the UK economy and inflation falling below target.”Jack Meaning – Barclays chief UK economistVote: HoldWhat has influenced your decision? “Unemployment is rising, wage growth metrics are clearly slowing and underlying inflation is on course to drop to two per cent or lower by the middle of the year. “However, interest rates have now been cut six times and the impact of those historic cuts is only just starting to be felt on the economy.“I therefore think there is no need to accelerate the pace of easing and reduce rates again so soon after December’s cut, especially when there is significant uncertainty and doing so might deliver a shock to the market.” Jonathan Haskel – Professor of Eeconomics at Imperial College Business School and former MPC memberVote: HoldWhat has influenced your decision?","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,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","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/2608870429","isCrawlerRequest":true}