ALEX BRUMMER: Bank of England 知事's 投票(する) swung 決定/判定勝ち(する) on 利益/興味 率 - and for once he showed leadership

Finally, the Bank of England is listening. After a gruelling 一連の 14 連続した 利益/興味 率 rises, taking the base 率 to 5.25 per cent, the 通貨の 政策 委員会 has 攻撃する,衝突する the pause button.

The 決定/判定勝ち(する) will be a source of enormous 救済 to home owners struggling with 殺到するing mortgage costs 同様に as 商売/仕事s grappling with the cost of borrowing. This 投票(する) for growth will help to 避ける a 後退,不況, and there is hope that 利益/興味 率s have now 頂点(に達する)d.

Intriguingly, it was Bank 知事 Andrew Bailey who held the 決定的な 投票(する) in the 委員会. And he showed leadership, leaving the final 得点する/非難する/20 5-4 in his favour.

Mr Bailey seems to have been swung by 証拠 that t he UK is not 長,率いるing に向かって a 1970s-style 行う-price spiral. Instead, the 職業 market is 緩和 off with 供給(する) catching up to 需要・要求する. The Bank’s own 人物/姿/数字s on 支払う/賃金 示唆する 行う rises have slowed, contrary to other 報告(する)/憶測s.

Governor of the Bank of England Andrew Bailey attends a press conference for the Monetary Policy Report August 2023, at the Bank of England in London, Britain, August 3

知事 of the Bank of England Andrew Bailey …に出席するs a 圧力(をかける) 会議/協議会 for the 通貨の 政策 報告(する)/憶測 August 2023, at the Bank of England in London, Britain, August 3

Today's Bank decision on interest rates follows lower-than-expected inflation data from August

Today's Bank 決定/判定勝ち(する) on 利益/興味 率s follows lower-than-推定する/予想するd インフレーション data from August?

In other words, Britain’s 経済的な 見通し is 改善するing. During the first five months of the 現在の 会計年度 (which runs from April to April), the 赤字 was £11.3 billion smaller than the March 予算 had 予測(する). This was fuelled by buoyant 税金 領収書s from 付加価値税 and PAYE 収入s. It all rather silences 労働’s 誤った mantra that the Tories have ‘衝突,墜落d the economy’.

If the UK can 支える its healthy 会計の position, (ドイツなどの)首相/(大学の)学長 Jeremy 追跡(する) may even be able to 配達する personal 税金 削減(する)s before the next 選挙. However, any changes as soon as November’s autumn 声明 ? in which 追跡(する) will 供給する an update on the nation’s 財政/金融s and 輪郭(を描く) any major 会計の 決定/判定勝ち(する)s ? are 存在 支配するd out.

The 政府 is also winning its 戦う/戦い against インフレーション. The 消費者 prices 索引 ? which 対策 the 普通の/平均(する) cost of 世帯 goods ? fell from 6.8 to 6.7 per cent in August. That may not sound like much, but food, alcohol and タバコ prices are all decelerating 急速な/放蕩な.

However, 運転者s will 公式文書,認める that prices 港/避難所’t dropped at the pumps.?

Rather, the cost of 燃料 is on the rise as Saudi Arabia ? in concert with Russia ? stifles 供給(する).

Earlier this week, the cost of a バーレル/樽 of brent 天然のまま rose to $95 (£77.20) up 30 per cent from $72 in June. 投資 bank Goldman Sachs 恐れるs the oil squeeze is far from over, with some 予報官s 予報するing a バーレル/樽 could reach $100 this year.

にもかかわらず, the fact that 核心 インフレーション is on a downward 傾向 has surely given 信用/信任 to the Bank that its stiff 薬/医学 of high 率s is at last 配達するing.

The 総理大臣 now looks 始める,決める to 配達する on his 誓約(する) of halving インフレーション by the end of the year. And the Paris-based 経済協力開発機構 予報官s, no friends of Brexit Britain, are 事業/計画(する)ing 普通の/平均(する) インフレーション of 3 per cent in 2024.

At long last there is light at the end of a dark tunnel.