Tag: Bank of England

• Thursday, August 21st 2025 - 10:36 UTC

  Stubborn inflation in UK, 3.8% in twelve months to July with air fares, fuel and food prices leading

  

  The U.K.’s annual inflation rate was higher than expected at 3.8% in July, according to data released by the Office for National Statistics (ONS) on Wednesday. Most economists had anticipated inflation would reach 3.7% in the twelve months to July, after it picked up to 3.6% in June, exceeding forecasts.

• Wednesday, August 20th 2025 - 08:55 UTC

  The Bank of England could learn from the Falklands

  

  By A. S. H. Smyth, (*)

• Wednesday, July 16th 2025 - 07:52 UTC

  Bank of England invites the public for views on the next major redesign of banknotes

  

  Banknotes issued by the Bank of England are about to get their first major redesign in more than 50 years. Notable historical figures, such as Sir Winston Churchill on the current fiver, have featured on these banknotes since 1970 but could be on the way out.

• Tuesday, July 15th 2025 - 06:39 UTC

  Bank of England ready to make larger interest rate cuts if UK economy shows signs of slowing down

  

  The Bank of England is prepared to make larger interest rate cuts if the job market shows signs of slowing down, Governor Andrew Bailey told The Times in an interview. “I really do believe the path is downward” on interest rates, Mr Bailey was quoted..

• Wednesday, February 19th 2025 - 15:02 UTC

  UK January inflation climbs to 3%; Bank of England anticipates ‘bumpy road’ ahead

  

  The UK rate of inflation reached 3% in January, from 2.5% in December, higher than forecasts and with the Bank of England anticipating a “bumpy road” ahead. Forecasts are that it will hit 3.7% later in the year and moving even further away from the Bank's 2% target.

• Sunday, February 9th 2025 - 19:28 UTC

  BoE chair fears “fragmentation of world economy” if Trump abandons IMF and World Bank

  

  The Governor of the Bank of England Andres Bailey has urged continued US support for two major global economic institutions. According to a piece published by BBC, Mr. Bailey said he was “following extremely closely” whether the Trump administration would change its support for the International Monetary Fund (IMF) and the World Bank.

• Sunday, February 9th 2025 - 19:04 UTC

  BoE cuts rate to 4.50% but slashed UK growth to 0.75% and ups inflation estimate to 3.5%

  

  The Bank of England last Thursday cut interest rates 25 percentage points to 4,50%, but at the same time slashed its growth forecast for the year and warned the near-term outlook for the economy had become complicated.

• Friday, December 20th 2024 - 10:17 UTC

  Bank of England leaves rate unchanged at 4.75%, but inflation is increasing with a no economic growth in 2024

  

  The Bank of England on Thursday left interest rates unchanged at 4.75%, despite an inflation rate that reached an eight-month high, pushed by services and wage increases. However three members of the Bank’s Monetary Policy Committee voted for a rate reduction, while six insisted in keeping them on hold.

• Friday, November 8th 2024 - 19:17 UTC

  Bank of England cut the key interest rate to 4.75%, but anticipates a more cautious approach to further trims

  

  The Bank of England in an almost unanimous decision cut interest rates by 25 basis points on Thursday, a boost relief for mortgage holders, but also raised its inflation forecast following on Labor’s government budget and global uncertainty, which most probably conditions future policy easing.

• Thursday, September 19th 2024 - 07:35 UTC

  Bank of England decides on interest rate; UK August consumer inflation, 2,2%

  

  Consumer inflation in UK during August remained at an annual 2,2%, helped by lower fuel prices together with hotels and restaurant services, as reported by the Office of National Statistics, ONS Wednesday.