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.
A crunch week for central banks will put rate-cut expectations to the test Mon, Dec 11th 2023 Economy Bank of England warns that higher rates ‘have yet to come through’ Wed, Dec 6th 2023 Europe Politics UK’s Jeremy Hunt delivers major tax cut as growth forecast is downgraded Wed, No...
While the Bank's forecast forgross domestic product (GDP)growth in the year to the third quarter is slightly higher than before (0.8% rather than the 0.6% it forecast in May), it is still far weaker than what would be considered "trend growth". Moreover, the GDP forecast for the...
More Interest Rate Rises Loom as the Bank Lifts Its Inflation Forecast
However, the Bank revised its 2025 GDP forecast upwards and projected a significant drop in the unemployment rate, from 4.7 percent to an anticipated 4.1 percent. People walk out of a supermarket in Sheffield, Britain, Nov. 7, 2024. The Bank of England (BoE) on Thursday reduced interest ra...
“The Bank of England has raised interest rates to 3 per cent, a level not seen since 2008. This is the eighth increase in a row and the biggest single rate rise since the late 1980s. The Bank’s inflation forecasts have also been announced which show that CPI is expected to remain ...
Bank of England Governor Andrew Bailey said Tuesday that bets by investors on interest rate cuts this year were “not unreasonable,” but resisted giving a timeline. “The market is essentially embodying in the curve that we will reduce interest rates during the course of this year,” Bail...
UK Pound rebounded from lower levels against US Dollar due to Upcoming Bank of England Monetary Policy meeting scheduled this Thursday. Canadian Dollar: Canadian GDP data forecast USDCAD is moving in an Ascending channel and the market Has reached the higher low area of the channel. ...
The BoE forecast the unemployment rate would rise to 5% in two years' time from around 4.2% now, based on the market's path for interest rates. One detail in the BoE's otherwise downbeat assessment of the economy is likely to be welcomed by Prime Minister Rishi Sunak. ...
The Bank of England raised interest rates by a quarter of a percentage point on Thursday, bringing its main policy rate to 4.25%. The move wasin linebothwiththe Federal Reserve’s latesthike, announced on Wednesday, and with market expectations. ...