Thu, Nov 07, 2024
Bank of England (BoE), the UK's central bank, on Thursday cut its key lending rate by 25 basis points, or 0.25 per cent percentage point.
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Thu, Aug 01, 2024
Economists are divided as to whether the Bank of England, which is independent of government, will cut its main interest rate by a quarter-point from the current 16-year high of 5.25%, or hold off until September.
Thu, Jun 20, 2024
The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25 per cent, even though inflation has fallen to its target of 2 per cent.
There was a holiday in American markets yesterday. Awaiting decision on loan prime rate in China. Mixed business in Europe. May CPI in UK is estimated at 2%. Today the policy of Bank of England. Interest rates are expected to remain stable at 5.25%, most experts are predicting a rate cut in the August policy. Dollar index remains weak, below 105... Weak trading in gold and silver, Brent crude sluggish near $85.
Thu, Mar 21, 2024
Central banks around the world raised interest rates aggressively in late 2021 from near zero to counter price rises first stoked by supply chain issues during the coronavirus pandemic and then by Russia’s invasion of Ukraine, which pushed up food and energy costs.
Tue, Feb 20, 2024
In testimony to lawmakers, Bailey said the two successive quarters of negative growth recorded in the second half of 2023 — the standard by which the U.K. measures a recession — add up cumulatively to a 0.5% reduction in the country's annual gross domestic product.“If you look at recessions going back to the 1970s, this is the weakest by a long way," he said, adding that the upturn is probably already underway.
Wed, Dec 20, 2023
British inflation plunged in November to its lowest rate in over two years, prompting investors to pile further into bets that the Bank of England will cut interest rates next year.
Thu, Dec 14, 2023
While the interest rate increases have helped in the battle against inflation, the squeeze on consumer spending, primarily through higher mortgage rates, has weighed on British economic growth.
The central bank is expected to keep its main interest rate at a 15-year high of 5.25 per cent, where it has stood since August.
Wed, Nov 15, 2023
British power generator and network operator SSE Plc reported half-yearly earnings above its forecast, taking the shares up by 2.2 per cent.
The Bank of England's forecasts and the consensus from a Reuters poll of economists had pointed to a reading of 4.8 per cent.
Thu, Nov 02, 2023
Despite publishing forecasts which show the British economy skirting close to a recession and flat-lining in the coming years, the BoE held Bank Rate at 5.25% for the second meeting in a row after 14 back-to-back increases.
Thu, Oct 12, 2023
The last time the economy shrank by more than that in a month was in June 2022, impacted by a one-off holiday to mark the late Queen Elizabeth's 70 years on the throne.
Thu, Sep 28, 2023
The draft legislation proposes to increase the threshold at which so-called ring-fencing applies to banks from 25 billion pounds ($30 billion) to 35 billion pounds.
Thu, Sep 21, 2023
Central banks worldwide appear to be near the end of an aggressive rate-hiking cycle meant to curb an outburst of inflation triggered by the bounceback from the COVID-19 pandemic and Russia's war in Ukraine.
Sun, Sep 17, 2023
Financial markets are less certain than economists - with rate futures on Friday showing a 25 per cent chance of a pause - but both are coming to the view that the streak of rises in borrowing costs since December 2021 is in its last days.
Wed, Aug 16, 2023
The ONS said falling gas and electricity prices were the biggest driver behind the drop in inflation, while food price inflation also eased.
Thu, Aug 03, 2023
The Bank of England raised its main interest rate on Thursday to a fresh 15-year high as it tries to bring down persistently high inflation.
Wed, Jul 19, 2023
Inflation in the UK has fallen by more than anticipated to a 15-month low, official figures showed on Wednesday, a development that may ease the pressure on the Bank of England to raise interest rates sharply over the coming months, to the potential relief of struggling households.
Thu, Mar 23, 2023
The central bank from the UK boosted its key rate by a quarter-percentage point to 4.25 per cent. It came a day after the US FED approved a similar step to put the brakes on inflation
Fri, Dec 16, 2022
US markets fell sharply yesterday as the US Fed indicated further interest rate hikes. Retail sales fell 0.6% in November. Shares of Apple, Alphabet, Amazon, Microsoft fell 3-4%. Netflix fell 8.6%. ECB and BoE hiked interest rates by 0.5%. Apart from this, ECB also indicated further hike in interest rates.
Thu, Dec 15, 2022
The selling pressure was widespread wherein IT, metal and banking shed over a percent each. The broader indices too witnessed a fall and loss in the range of 0.6-1 per cent.
Bank of England raised interest rates by 0.5%. Interest rates increased by 0.5% to 3.5%.
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