UK inflation spikes to a 10-month high, likely to worry the Bank of England
Inflation in the U.K. rose to a 10-month high in January, an increase that will likely diminish expectations of rapid ...
Bank of England chief says UK facing ‘weak growth environment’
Andrew Bailey said the world was experiencing a period of ‘heightened uncertainty’ which could have an impact on global ...
Bank of England halves UK growth projection and cuts main interest rate to 4.50%
The Bank of England is widely expected to cut interest rates for the third time in six months later Thursday even though inflation remains above its target.
Bank of England cuts rates and growth outlook, sees inflation 'bump'
The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, ...
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Bank cuts interest rates and slashes growth forecast
The Bank of England has halved its growth forecast for this year as it cut interest rates to the lowest level for more than ...
UK economy still 'static' even amid strong growth figures in 2024, says Bank of England Governor Andrew Bailey
The UK economy posed strong figures towards the end of 2024, but Bank of England Governor Andrew Bailey is of the opinion ...
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Investors trim Bank of England rate cut bets after inflation report
Interest rate futures were pricing about 52 basis points of reductions to the BoE's Bank Rate by December - equivalent to ...
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Pound falls slightly against euro ahead of data releases
T he pound fell slightly against the euro ahead of upcoming economic data releases and a much-anticipated speech by Bank of England Governor Andrew Bailey. The market’s cautious ...
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United Kingdom Interest Rate
In the United Kingdom, benchmark interest rate is set by the Monetary Policy Committee (MPC). The Bank of England official interest rate is the repo rate. This repo rate applies to open market ...