Governor Andrew Bailey stopped short of criticising the UK’s departure from the EU but emphasised the need to reduce its economic downsides. Bank of England Governor Andrew Bailey has called for renewed
Interest rates have been cut to 4.25% from 4.5% and the governor of the Bank England has hinted more could follow in the coming months UK interest rates have been cut to
The Office for National Statistics said falling fuel prices and slowing increases in the cost of a night out drove inflation lower, although this was offset by price rises for clothing and
Minutes from the meeting showed that eight members voted to keep policy unchanged, with one backing a quarter-point reduction The Bank of England kept its main UK interest rate unchanged at 4.50
Blaming a rise in wholesale energy prices after a cold European winter, the central bank said inflation was on track to reach 3.7% in the third quarter, a development rekindling the cost
Mark Carney, ex-governor of the Bank of England and a seasoned economist, is weighing a run for Canadian Prime Minister following Justin Trudeau’s resignation. Mark Carney, the former governor of the Bank
The Bank’s monetary policy committee (MPC) voted by a majority of eight to one to reduce rates for the second time this year to ease the pressure on households and businesses from
The cut will be seen as an important staging post as the economy starts to turn the corner on years of inflationary shocks, reports Asian Lite News The Bank of England has
In addition to that thorny problem, a number of factors are combining this month to make the outcome more difficult than usual to guess…reports Asian Lite News The Bank of England (BoE)