The Bank of England cuts its main interest rate to 4%, the lowest level since March 2023
Read full article: The Bank of England cuts its main interest rate to 4%, the lowest level since March 2023The Bank of England has cut its main interest rate by a quarter percentage point to 4%, as policy makers seek to bolster the sluggish U.K. economy.
Bank of England says world is 'highly unpredictable' as it keeps interest rate at 2-year low
Read full article: Bank of England says world is 'highly unpredictable' as it keeps interest rate at 2-year lowThe Bank of England has kept its main interest rate at the two-year low of 4.25% as fears grow that the conflict between Israel and Iran will escalate.
UK inflation eases by less than anticipated ahead of Bank of England rate decision
Read full article: UK inflation eases by less than anticipated ahead of Bank of England rate decisionInflation in the U.K. dropped modestly in May as a drop in air fares and transport costs were largely offset by rising food prices, particularly chocolate.
Fed leaves key rate unchanged as it awaits the impact of tariffs and Trump again scolds Powell
Read full article: Fed leaves key rate unchanged as it awaits the impact of tariffs and Trump again scolds PowellThe Federal Reserve kept its key rate unchanged Wednesday as it waits for additional information on how tariffs and other potential disruptions will affect the economy this year.
UK inflation rises to its highest in over a year after domestic bills spike
Read full article: UK inflation rises to its highest in over a year after domestic bills spikeInflation in the U.K. spiked to its highest level for more than a year in April amid higher domestic bills such as energy and water.
Bank of England cuts interest rates and welcomes word of US-UK trade deal
Read full article: Bank of England cuts interest rates and welcomes word of US-UK trade dealThe Bank of England is cutting its main interest rate by a quarter of a percentage point to 4.25% amid concerns over the potential shock to global growth emanating from the tariff policies of the Trump administration.
With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on hold
Read full article: With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on holdThe Bank of England has kept its main U.K. interest rate unchanged at 4.50% even though the economy is barely growing and the nation faces more uncertainty in light of the tariff policies being enacted by the Trump administration in the U.S. The decision by the nine-member Monetary Policy Committee on Thursday was widely expected, and comes a day after the U.S. Federal Reserve also kept interest rates unchanged.
UK economy ekes out modest growth in final quarter of 2024 after strong December
Read full article: UK economy ekes out modest growth in final quarter of 2024 after strong DecemberThe British economy managed to eke out quarterly growth of 0.1% in the final quarter of 2024 following a stronger than anticipated performance in December.
Bank of England halves UK growth projection and cuts main interest rate to 4.50%
Read full article: Bank of England halves UK growth projection and cuts main interest rate to 4.50%The Bank of England halved its growth projection for the British economy this year as it cut its main interest rate for the third time in six months.
Rising borrowing costs batter UK government and threaten to derail its left-leaning program
Read full article: Rising borrowing costs batter UK government and threaten to derail its left-leaning programBritainโs new government, which is already facing anger over higher taxes, unpopular spending decisions and political scandals just six months after taking office, is now being battered by rising borrowing costs that threaten to derail its left-leaning program.
UK inflation unexpectedly eases in December, which could reduce pressure in bond markets
Read full article: UK inflation unexpectedly eases in December, which could reduce pressure in bond marketsInflation in the U.K. unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month.
Bank of England warns of 'heightened uncertainty' as it keeps interest rates on hold
Read full article: Bank of England warns of 'heightened uncertainty' as it keeps interest rates on holdThe U.K.โs central bank has warned about โheightened uncertaintyโ as it kept interest rates on hold after inflation moved further above target even at a time when the British economy is flatlining at best.
US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025
Read full article: US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought.
Higher energy bills push UK inflation to 6-month high in October
Read full article: Higher energy bills push UK inflation to 6-month high in OctoberInflation in the U.K. has risen sharply to a six-month high in October, cementing market expectations that there will be no further cuts in borrowing rates this year.
Bank of England cuts UK interest rates again despite modest budget-related inflation spike
Read full article: Bank of England cuts UK interest rates again despite modest budget-related inflation spikeThe Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell below its target rate of 2%.
UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cut
Read full article: UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cutInflation in the U.K. has fallen to its lowest level in more than three years, a drop that has cemented market expectations that the Bank of England will lower interest rates at its next policy meeting.
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
Read full article: Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cutThe Bank of England is keeping its main interest rate unchanged at 5% despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago.
Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut in over 4 years
Read full article: Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut in over 4 yearsThe Bank of England is cutting interest rates for the first time since the onset of the COVID-19 pandemic in early 2020.
Bank of England keeps main interest rate at 16-year high of 5.25% despite inflation fall
Read full article: Bank of England keeps main interest rate at 16-year high of 5.25% despite inflation fallThe Bank of England has kept its main interest rate at a 16-year high of 5.25%, even though inflation has fallen to its target of 2%.
With election looming, UK's governing Conservatives seize on inflation fall to 2% target
Read full article: With election looming, UK's governing Conservatives seize on inflation fall to 2% targetInflation in the U.K. has returned to the Bank of Englandโs target rate of 2% for the first time in nearly three years.
UK inflation lowest in 3 years. Prime Minister Sunak makes it a focus in election call for July 4
Read full article: UK inflation lowest in 3 years. Prime Minister Sunak makes it a focus in election call for July 4Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills.
British economy rebounds strongly in first quarter of the year, ending 'technical recession'
Read full article: British economy rebounds strongly in first quarter of the year, ending 'technical recession'The British economy bounced back strongly in the first three months of the year, bringing to an end to what economists termed a โtechnical recession.โ.
Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
Read full article: Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflationThe Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target.
UK inflation is heading in 'right direction,' but Bank of England isn't ready to cut rates
Read full article: UK inflation is heading in 'right direction,' but Bank of England isn't ready to cut ratesThe Bank of England has kept its main interest rate unchanged at a 16-year high even though inflation continues to drop from multi-decade peaks.
UK inflation falls by more than expected in February, triggering talk of lower interest rates
Read full article: UK inflation falls by more than expected in February, triggering talk of lower interest ratesPrice rises in the U.K. eased more than anticipated in February, raising expectations that the Bank of England may start cutting interest rates in the next few months.
Federal Reserve still foresees 3 interest rate cuts this year despite bump in inflation
Read full article: Federal Reserve still foresees 3 interest rate cuts this year despite bump in inflationFederal Reserve officials signaled that they still expect to cut their key interest rate three times in 2024 despite signs that inflation remained elevated at the start of the year.
Like the US Fed, Bank of England is edging toward interest rate cuts โ but not quite yet
Read full article: Like the US Fed, Bank of England is edging toward interest rate cuts โ but not quite yetJust like the U.S. Federal Reserve, the Bank of England is edging toward cutting interest rates โ though not quite yet.
UK fines HSBC bank for not going far enough to protect deposits in case it collapsed
Read full article: UK fines HSBC bank for not going far enough to protect deposits in case it collapsedUK regulators say HSBC has been fined $72.8 million for failing to adequately protect customer deposits in the event the bank collapsed.
UK rate cut speculation swells as inflation falls by more than anticipated to 2-year low of 3.9%
Read full article: UK rate cut speculation swells as inflation falls by more than anticipated to 2-year low of 3.9%Inflation in the U.K. as measured by the consumer prices index has eased back to its lowest level in more than two years.
Bank of England holds interest rates at a 15-year high despite worries about the economy
Read full article: Bank of England holds interest rates at a 15-year high despite worries about the economyThe Bank of England has kept borrowing rates unchanged despite mounting worries over the state of the British economy.
Bank of England will review the risks that AI poses to UK financial stability
Read full article: Bank of England will review the risks that AI poses to UK financial stabilityThe Bank of England says it will make an assessment next year about the risks posed by artificial intelligence and machine learning.
International Monetary Fund warns Europe against prematurely declaring victory over inflation
Read full article: International Monetary Fund warns Europe against prematurely declaring victory over inflationThe International Monetary Fund says the European Central Bank and other policymakers across Europe need to keep interest rates at current elevated levels until theyโre sure inflation is under control despite sluggish growth.
Bank of England keeps main UK interest rate at 15-year high of 5.25% and cautions over oil prices
Read full article: Bank of England keeps main UK interest rate at 15-year high of 5.25% and cautions over oil pricesThe Bank of England kept its main interest rate unchanged at the 15-year high of 5.25% and indicated that borrowing costs will likely remain at these sort of elevated levels for a while yet especially if oil and gas prices increase sharply because of the Israel-Hamas war.
Inflation in UK unchanged at 6.7% in September, still way more than Bank of England's target of 2%
Read full article: Inflation in UK unchanged at 6.7% in September, still way more than Bank of England's target of 2%Inflation in the U.K. held steady at 6.7% in September as easing food and drink price rises were offset by higher fuel costs for motorists.
Bank of England joins US Fed in keeping interest rates unchanged after inflation declines
Read full article: Bank of England joins US Fed in keeping interest rates unchanged after inflation declinesThe Bank of England has paused nearly two years of interest rate increases after a surprising fall in U.K. inflation eased concerns about the pace of price rises.
UK inflation fell unexpectedly in August. That makes it unclear what the Bank of England will do
Read full article: UK inflation fell unexpectedly in August. That makes it unclear what the Bank of England will doInflation in Britain fell unexpectedly in August to its lowest level since the start of Russiaโs invasion of Ukraine.
UK economy shrinks in July amid bad weather and doctors' strikes
Read full article: UK economy shrinks in July amid bad weather and doctors' strikesThe British economy shrank by 0.5% in July after a series of strikes, particularly by doctors at the start of their careers, and unseasonably wet weather.
Bank of England hints that UK borrowing rates will stay high after its new hike
Read full article: Bank of England hints that UK borrowing rates will stay high after its new hikeThe Bank of England has raised its main interest rate to a fresh 15-year high as it tries to bring down persistently high inflation.
Stock market today: Asian stocks mixed after Wall St sinks for 3rd day following British rate hike
Read full article: Stock market today: Asian stocks mixed after Wall St sinks for 3rd day following British rate hikeAsian stocks markets are mixed after Wall Street sank for a third day following an interest rate hike in Britain.
UK homeowners get some respite as inflation falls by more than anticipated to a 15-month low
Read full article: UK homeowners get some respite as inflation falls by more than anticipated to a 15-month lowInflation in the U.K. has fallen by more than anticipated to a 15-month low in a development that offered struggling homeowners hope that interest rates will not rise as much as feared over the coming months.
Bank of England says UK banks are resilient enough to offer struggling households support
Read full article: Bank of England says UK banks are resilient enough to offer struggling households supportThe Bank of England has warned that households across the U.K. are facing mounting problems from the sharp increase in interest rates but says the countryโs biggest banks are resilient enough to offer more help than they were able to before the global financial crisis 15 years ago.
UK mortgage rates spike to highest level since Truss tax plan spooked markets
Read full article: UK mortgage rates spike to highest level since Truss tax plan spooked marketsHomeowners and renters in the U.K. are facing further grim news as mortgage rates hit levels not seen since unfunded tax cuts announced by the government last fall spooked investors.
Stock market today: Asian shares sink as central banks crank interest rates still higher
Read full article: Stock market today: Asian shares sink as central banks crank interest rates still higherAsian shares have fallen sharply after several central banks around the world cranked interest rates higher in their fight against inflation.
UK recession fears mount after Bank of England hikes borrowing rates by more than expected
Read full article: UK recession fears mount after Bank of England hikes borrowing rates by more than expectedFears that the British economy is heading for recession have mounted sharply after the Bank of England raised borrowing costs by more than anticipated.
UK borrowers brace for more expensive loans as inflation fails to fall as anticipated
Read full article: UK borrowers brace for more expensive loans as inflation fails to fall as anticipatedOfficial figures show that consumer price inflation in the U.K. is unchanged at 8.7% in the year to May against expectations of a modest decline.
UK wages rise sharply in April, set to bolster expectations of another rate hike next week
Read full article: UK wages rise sharply in April, set to bolster expectations of another rate hike next weekOfficial figures show that wages in the U.K. spiked sharply in April, a development that is set to cement expectations that the Bank of England will raise interest rates once again next week.
UK's Treasury chief accepts that recession may be necessary to get inflation down
Read full article: UK's Treasury chief accepts that recession may be necessary to get inflation downBritainโs Treasury chief says he would be prepared to see the British economy slip back into recession if further interest rate hikes are necessary to bring down inflation.
Bank of England raises UK interest rates to highest level since 2008
Read full article: Bank of England raises UK interest rates to highest level since 2008The Bank of England has raised interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K. The decision on Thursday by the bankโs nine-member Monetary Policy Committee to lift its main interest rate by a quarter of a percentage point to 4.5% was widely anticipated in financial markets.
UK central bank hikes rates like Fed amid financial turmoil
Read full article: UK central bank hikes rates like Fed amid financial turmoilThe Bank of England has extended its battle against inflation, announcing an 11th consecutive interest rate increase despite concerns about the economic fallout from troubles in the global financial system.
UK inflation falls again, raising hopes prices will plunge
Read full article: UK inflation falls again, raising hopes prices will plungeBritainโs inflation rate fell for a third consecutive month in January, boosting optimism that the cost-of-living crisis has peaked and prices will fall sharply later this year.
Bank of England hikes rates by half-point to tame inflation
Read full article: Bank of England hikes rates by half-point to tame inflationThe Bank of England has raised interest rates by half a percentage point as it sought to tame double-digit inflation that is fueling a cost-of-living crisis, public-sector strikes and fears of recession.
UK push to restore finances means higher taxes, energy bills
Read full article: UK push to restore finances means higher taxes, energy billsMillions of British people face higher taxes and steeper energy bills after the government announced an emergency budget aimed at restoring the governmentโs economic credibility and shoring up the battered public finances.
UK inflation accelerates to 41-year high of 11.1%
Read full article: UK inflation accelerates to 41-year high of 11.1%Britainโs inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nationโs cost-of-living crisis when it releases new tax and spending plans Thursday.
Bank of England makes biggest interest rate hike in 30 years
Read full article: Bank of England makes biggest interest rate hike in 30 yearsThe Bank of England has rolled out its biggest interest rate increase in three decades, saying the move is needed to beat back stubbornly high inflation that's eroding living standards and is likely to trigger a โprolongedโ recession.
UK inflation accelerates to 40-year high as food prices rise
Read full article: UK inflation accelerates to 40-year high as food prices riseBritish food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high and heaping pressure on the embattled government to balance the books without gutting help for the nationโs poorest residents.
UK's Truss drops tax cuts, axes Treasury chief amid turmoil
Read full article: UK's Truss drops tax cuts, axes Treasury chief amid turmoilBritish Prime Minister Liz Truss has abandoned a planned cut to corporation tax, scrapping a key part of an economic plan that sparked weeks of market and political turmoil.
Bank of England expands push to stabilize financial markets
Read full article: Bank of England expands push to stabilize financial marketsThe Bank of England has expanded its emergency effort to stabilize the financial markets amid concerns the governmentโs plan to slash taxes pose a โmaterial riskโ to Britain's fiscal stability.
UK Treasury chief to publish forecasts sooner amid turmoil
Read full article: UK Treasury chief to publish forecasts sooner amid turmoilBritainโs Treasury chief says he will bring forward the publication of the governmentโs full fiscal statement after facing widespread criticism for not providing details about a multibillion-pound, tax-cutting stimulus package he announced last month.
UK's Truss defends economic plan that sent pound tumbling
Read full article: UK's Truss defends economic plan that sent pound tumblingBritish Prime Minister Liz Truss has defended her economic plan that roiled financial markets, saying sheโs willing to make โdifficult decisionsโ to get the economy growing.
British pound stabilizes, but turmoil still roils UK economy
Read full article: British pound stabilizes, but turmoil still roils UK economyThe British pound stabilized Tuesday as U.K. authorities tried to ease investor concerns after the biggest tax cut in 50 years sent the currency tumbling to a record low the previous day.
Bank of England fails to reassure markets after pound plunge
Read full article: Bank of England fails to reassure markets after pound plungeThe Bank of England has sought to reassure financial markets after the British pound touched an all-time low against the U.S. dollar, but its entreaty has fallen flat for investors concerned about the government's sweeping package of tax cuts.
Bank of England hikes interest rates but resists bolder move
Read full article: Bank of England hikes interest rates but resists bolder moveThe Bank of England has raised interest rates by a quarter-percentage point, shrugging off pressure for a bolder move to combat price increases that have pushed inflation to a 40-year high.
Bank of England raises key interest rate to combat inflation
Read full article: Bank of England raises key interest rate to combat inflationThe Bank of England has raised its key interest rate for the third time since December as it pushes ahead faster than other central banks in combating a global wave of inflation fueled by soaring energy prices.
