The Bank of England target is to keep inflation at 2%. With inflation well above that level, the Bank increased interest ...
Rolling coverage of the latest economic and financial news ...
The Bank previously believed that inflation would briefly fall back to target briefly this quarter, only to rise again and ...
UK inflation is currently 4% a year, with the Bank Rate of 5.25% unchanged since last August. There is little expectation of a Bank Rate cut this month, especially given today’s figures from the US.
The Base Rate, which significantly influences savings and mortgage interest rates, was increased 14 times consecutively from ...
Governor Andrew Bailey of the Bank of England expressed a cautiously optimistic outlook regarding the UK's economic direction ...
The central bank voted to hold rates at 5.25% but governor Andrew Bailey said he was ‘optimistic that things are moving in ...
The British pound extended further decline from a near a one-week low on Thursday after BoE left monetary policy unchanged at 5.25%. Bank of England's Monetary Policy Committee kept rates unchanged ...
Interest rates are expected to be held at 5.25% for the sixth time in a row by the Bank of England on Thursday. The decision ...
The UK has overtaken Saudi Arabia to become the fastest-growing source of diaspora dollar flows into Kenya among the top ...
UK Chancellor of the Exchequer Jeremy Hunt will need to raise taxes to meet his fiscal rules as weak growth and sticky ...