Rolling coverage of the latest economic and financial news. 16:17 Today’s speech by Bank of England chief ...
City investors trim their forecasts for rate cuts this year, after inflation falls by less than expected to 3.2% ...
Bank of England Governor Andrew Bailey hinted that the UK might be able to lower interest rates before the US, saying ...
Bank of England rate-setter Jonathan Haskel warned that the “very tight” labor market is loosening only slowly and will be ...
Blue chips had a stellar morning as the FTSE 100 index soared to a new all-time high of 8.073. Though the index has come back ...
Greene’s remarks suggest her views align with hawkish BOE rate-setters, Catherine Mann and Jonathan Haskel. They recently ...
There are fears that interest rates could be hiked again as employment holds strong and inflation remains difficult to ...
Investors anticipate that the BOE will cut its key interest rate in June, with steady easing ... growth will lead to a fresh series of price hikes, particularly in the labor-intensive services ...
Interest hikes are a blunt instrument – the aim ... when it stood at 3.1 percent. At that point, the BoE’s rate-setting monetary policy committee (MPC) was happy to hold base rates at 0.1 ...
The U.S. dollar climbed to a fresh 34-year peak against the yen in quiet trading on Monday, with investors taking their cue ...
The BOE dropped its key rate, down to 0.1% in March 2020 in an ... This is its seventh consecutive rise and takes U.K. interest rates to a level last seen in 2008. In a release explaining its ...