As a tool the BoE uses the Bank of England base rate (BOEBR), now called the Official Bank Rate. When reference is made tothe British, UK's or English interest ratethis often refers to this BoE Official Bank Rate. This base rate is also referred to as the Bank Rate or Bank of Eng...
It’s far too early to call time on rate rises, but at least the two giants of British economic policy, the Bank of England and HM Treasury, no longer look like they’re squaring up for a bare knuckle boxing match. A joined up effort should calm market nerves and could help mitigate ...
Brown Blames Slowdown on Rate Rises ; Chancellor Fuels Row with Bank of England Governor W Cost of Borrowing Kept at 4.5 per Cent
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, and the government, who are injecting cash into the economy in terms of energy price caps, direct support with energy bills and tax cuts. All these moves are likely to increase inflation and so undermine the bank's attempts to control it, potentially, leading to further rate rises."...
The Bank of England unsurprisingly raised its policy rate by 25 bps at its May meeting, but the Bank’s messaging distinguished it from the Fed’s and the ECB’s decisions last week.
The Bank of England governor today warned businesses against trying to ‘beat inflation’ by passing pain on to consumers. Andrew Bailey said pushing up prices risked ’embedding’ problems in the economy and forcing up interest rates. The comments, in an interview with BBC Radio 4’s Today pr...
Higher wages are the "biggest driver of price rises" for two-thirds of businesses, according to the findings of a report which will do nothing to ease worries at the Bank of England that inflation is coming under control. The British Chambers of Commerce's (BCC) economic survey ...