BoE’s split between doves and hawks leaves rate trajectory uncertain

A typical mortgage now costs 39 per cent of the median full-time salary, up from 30 per cent before the Covid-19 pandemic, according to Capital Economics. “With mortgage affordability so stretched, we...

Ruth Gregory, economist at Capital Economics, said the data “may not alleviate the bank’s concerns about persistent price pressures entirely”. But she added it suggested headline inflation “will be...

Ruth Gregory, economist at consultancy Capital Economics, said the “smaller-than-expected rise” in consumer prices and “the sharp fall in services inflation” would “reassure the Bank of England . ....