The Bank of England has announced its biggest interest rate increase in 27 years. The central bank forecasts that the war in Ukraine will fuel further inflation and tip the U.K. economy into a prolonged recession.
LONDON (AP) — Just like the U.S. Federal Reserve, the Bank of England is edging toward cutting interest rates — though not quite yet.
A man passes by a money exchange shop near the Bank of England in London, March 6, 2019. (Xinhua/Stephen Chung) WASHINGTON, April 14 (Xinhua) -- At a time when the global economy enters "a delicate moment" featuring "broad-based slowdown," key international financial institutions call for...
A bus drives past the Bank of England before the release of the Monetary Policy Report at the Bank of England in London, Thursday, May 5, 2022. (AP Photo/Frank Augstein) LONDON (AP) — The Bank of England raised its key interest rate to the highest level in 13 years on T...
Inflation in the U.K. held steady at the Bank of England’s target rate of 2% in June. The Office for National Statistics said Wednesday that the largest upward contribution came from restaurants and hotels, with some economists attributing the increases
LONDON (Reuters) -Britain's central bank still cannot be sure that it has raised interest rates enough to tame inflation, although significant past tightening should soon bear down on the economy, Bank of England Chief Economist Huw Pill said on Tuesday. ...
LONDON — The Bank of England is set to hold interest rates steady at its Thursday meeting, with traders expected to pore over the details of Governor Andrew Bailey's statement as anticipation builds for a potential summer rate cut. The BOE's Monetary Policy Committee is widely expected t...
View from London: Global economy forcing Bank of England into new approach to interest ratesStephen King
LONDON (AP) — The Bank of England kept its main interest rate unchanged at 5% Thursday despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago.
The latest news and updates from the Bank of England. Extensive coverage and analysis of the BoE's monetary policy decisions and reports, including interest rates and job market data.