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NIESR Sees UK Growth Continuing To Decelerate

LONDON (MNI) - UK output rose 0.7% in the three months through August, the National Institute of Economic and Social Research said today.

NIESR said that the estimates for August showed growth has slowed and will decelerate further still over the coming months. The institute left intact its view that the Bank of England would leave Bank Rate unchanged until the summer of 2011.

BOE Receives No Bids At Latest 7-Day Dollar Repo

LONDON (MNI) - The Bank of England said Wednesday it received no bids at its latest 7-day unlimited dollar repo operation.

The dollar repo operations were reintroduced by the Bank of England as part of a co-ordinated move by G7 central banks to inject dollar funds into the money markets if needed.

BOE Offers Unltd Usd In 7-Day Repo, Fixed Rate 1.18%

LONDON ((MNI) - The Bank Of England said Wednsday it was offering an unlimited supply of U.S. dollars in a 7-day repo operation, settlement date Sep 9 maturing Sep 16 2010.

The Bank said the repo would be at a fixed-rate, with the rate to be set at 1.18%.

UK Inflation Expectations Fall Sharply: Barclays BASIX

LONDON (MNI) - UK public inflation expectations have plunged, according to the latest Barclays BASIX survey.

UK Treasury Set To Scrap Pre-Budget Report: FT

LONDON (MNI) - The U.K. Chancellor is set to scrap the annual Pre-Budget Report and return to a slimmed-down Autumn Statement, the Financial Times reported Monday, without citing sources.

The paper said the decision by George Osborne to ditch what had in effect become a second annual Budget was in order to save resources at the Treasury.

BOE Receives No Bids At Latest 7-Day Dollar Repo

LONDON (MNI) - The Bank of England said Wednesday it received no bids at its latest 7-day unlimited dollar repo operation.

The dollar repo operations were reintroduced by the Bank of England as part of a co-ordinated move by G7 central banks to inject dollar funds into the money markets if needed.

BOE Offers Unltd Usd In 7-Day Repo, Fixed Rate 1.19%

LONDON ((MNI) - The Bank Of England said Wednsday it was offering an unlimited supply of U.S. dollars in a 7-day repo operation, settlement date Sep 2 maturing Sep 9 2010.

The Bank said the repo would be at a fixed-rate, with the rate to be set at 1.19%.

Update: YouGov/Citi: UK Year-Ahead Inflation Expectations Rise

LONDON (MNI) - The YouGov/Citi survey of UK inflation expectations among the general public has revealed a climb in short-term inflation expectations.

The median for inflation expectations in the year ahead rose to 2.9% y/y in August from 2.7% y/y in July, just slightly below the 3.0% peak seen in June.