#bank-of-england
#bank-of-england

Bank of England keeps interest rates at 5.25 per cent in relief for homeowners

BoE maintains interest rates, focusing on falling inflation

Speculation on potential interest rate cuts in the future [ more ]

www.theguardian.com

Environment

Labour to make fighting global heating a priority for Bank of England

Labour aims to prioritize fighting global heating with the Bank of England's support

Labour intends to put environmental sustainability at the core of economic growth plans [ more ]

www.independent.co.uk

Bank of England boss hints at interest rates cut and says UK recession is very weak'

Britain's small recession may be over, according to Bank of England boss

Weak recession since 1970s, with signs of economic upturn despite recent downturn [ more ]

www.theguardian.com

Bank of England tipped to leave interest rates on hold; Red Sea disruption hits UK manufacturing business live

The Bank of England is expected to leave interest rates unchanged at their current 16-year high of 5.25%

There is speculation that the Bank may cut its forecast for inflation this year and signal potential rate cuts to boost economic growth. [ more ]

www.theguardian.com

Bank of England optimistic things are moving in right direction' after leaving UK interest rates on hold at 5.25% business live

Bank of England signals rate cut closer due to inflation outlook. [ more ]

www.independent.co.uk

Mortgage pain continues as Bank of England holds interest rates at 16-year high

Homeowners face continued mortgage pain following the Bank of England's decision to keep interest rates high. [ more ]

London Business News | Londonlovesbusiness.com

1 day ago

Bank of England's top economist suggests there could be a summer rate cut

Expectation of an interest rate cut this summer by the Bank of England's top economist. [ more ]

moreeconomic-outlook

monetary-policy

London Business News | Londonlovesbusiness.com

1 week ago

Analysts expect Bank of England will hold interest rates

The Bank of England is expected to keep interest rates at 5.25% for now, with potential cuts in the future. [ more ]

London Business News | Londonlovesbusiness.com

monetary-policy-committee

MPC decision: Never mind the disease, beware of the cure

The Bank of England kept interest rates unchanged at 5.25% and is monitoring inflation closely before considering any rate cuts. [ more ]

moremonetary-policy

www.independent.co.uk

Bank of England holds interest rates at 5.25% despite hopes of cut

Bank of England kept interest rates steady at 5.25%, with optimism for future decreases. [ more ]

www.independent.co.uk

moremonetary-policy-committee

Bank of England set to hold interest rates despite expected fall in inflation

Bank of England expected to maintain interest rates at 5.25% for the fifth consecutive time.

BoE's focus on inflation at 2%, closely monitoring Wednesday's expected drop to 3.5%. [ more ]

uk-economy

London Business News | Londonlovesbusiness.com

Financial expert warns interest rate cuts unlikely any time soon

Interest rates in the UK are unlikely to be cut soon due to challenges in the economic landscape. [ more ]

www.independent.co.uk

1 week ago

Bank of England not yet ready to cut UK interest rates, experts say

UK interest rates set to remain steady at 5.25%. Pressure on cost of living may persist as committee hesitates to cut rates. [ more ]

www.dw.com

5 days ago

Britain's economy exits recession ahead of elections DW 05/10/2024

Britain's economy grew stronger than expected in Q1 2024, signaling an exit from the recession.

Mixed opinions from politicians highlight the uncertainty surrounding the UK's economic recovery post-pandemic. [ more ]

www.theguardian.com

5 days ago

UK has moved out of recession, official figures show

The UK's economy grew by 0.6% in the first quarter of the year, officially out of recession [ more ]

www.independent.co.uk

UK inflation drops to 3.4 per cent as food pressures ease for households

UK inflation fell to 3.4%, lowest in over two years

Bank of England may consider interest rate cut due to inflation decline [ more ]

www.independent.co.uk

Watch live: Bank of England governor Andrew Bailey takes questions from MPs

Bank of England's Andrew Bailey to address Treasury Committee on inflation rate and possible interest rate cuts.

UK's major banks to report record profits for 2023 after benefiting from higher borrowing costs. [ more ]

moreuk-economy

London Business News | Londonlovesbusiness.com

Business intelligence

Sterling edges lower as market rbaces for BoE meeting

Market anticipates BoE maintaining rates at 5.25%, highest since 2008. [ more ]

www.theguardian.com

1 week ago

The Guardian view on Labour's big idea: organising the state effectively matters for jobs and growth | Editorial

The Labour party is proposing new institutions to drive future-facing industries and job creation, but questions remain about funding and effectiveness. [ more ]

www.theguardian.com

2 days ago

Jacob Rees-Mogg accuses Bank of England of miserable incompetence' over inflation

Jacob Rees-Mogg criticizes Bank of England for incompetence in handling inflation and bond-selling strategies, as Tories question Bank's independence. [ more ]

Coindesk

4 weeks ago

Cryptocurrency

UK to Issue New Crypto, Stablecoin Legislation by July, Minister Says

The U.K. aims to introduce new legislation for stablecoins and crypto activities by June or July, positioning the country as a global crypto hub. [ more ]

www.independent.co.uk

Truss blames Boris's dog for No 10 fleas and reveals she wanted to sack bank governor

Liz Truss reveals extreme intentions in new book: Downing Street infested with fleas, wanted to sack Bank of England governor, pondered drastic economic policies. [ more ]

www.independent.co.uk

Bank of England expected to hold interest rates despite inflation tumbling - live

Bank of England aims for 2% inflation target

Interest rates expected to remain at 5.25% despite fall in inflation [ more ]

www.independent.co.uk

Bank of England reveals exact date new King Charles banknotes will be issued

New banknotes with King Charles portrait to be released on June 5.

Queen Elizabeth II banknotes to remain in circulation alongside King Charles notes. [ more ]

www.independent.co.uk

What's happening to your mortgage as lender hikes rates ahead of inflation statement

Several major lenders have announced increases in mortgage rates after a decline in borrowing costs.

Some lenders have reduced mortgage rates amidst the rate increases by others. [ more ]

www.independent.co.uk

Interest rates frozen at 15-year high but Bank to hit 2% inflation target in months'

The Bank of England has decided to keep interest rates frozen at 5.25%, despite inflation trending downwards.

Inflation is expected to temporarily fall below 2% in the summer as energy prices decrease.

Some economists predict that interest rates could fall as low as 3% by the end of 2024. [ more ]

www.independent.co.uk

Inflation rates: How will the shock rise affect your money?

Inflation unexpectedly rose to 4 percent in December, despite expectations of a small drop.

Rises in tobacco and alcohol prices were the chief cause of the increase in inflation. [ more ]

London Business News | Londonlovesbusiness.com

Data science

Previewing the Bernanke review: A major shift in how the BoE operates

The review by Ben Bernanke suggests significant changes in the Bank of England's forecasting processes.

Recommendations may include publishing future interest rate path forecasts, increased use of economic scenarios, and a shift to staff-produced economic forecasts. [ more ]

www.independent.co.uk

Canada news

Live: Bank of England governor faces Lords committee as inflation stays at 4%

Inflation in the UK remained at 4%, lower than economists' forecasts

Food prices fell for the first time in almost two-and-a-half years [ more ]

www.independent.co.uk

Canada news

Inflation expected to rise for second month in blow to Rishi Sunak live

Economists expect inflation to have risen for the second month in a row, with Consumer Prices Index inflation estimated at 4.2 percent in January.

The rise in inflation could impact the Bank of England's base interest rate and could affect households struggling with higher mortgage rates. [ more ]

Time Out London

London

First look: this London exhibition shows off brand-new King Charles III banknotes

The Bank of England Museum is offering a sneak preview of the new King Charles III banknotes before they enter circulation.

The exhibition called 'The Future of Money' will explore futuristic topics around money and payment systems, and will feature the first public display of the new banknotes. [ more ]

www.standard.co.uk

London

First chance to see King Charles banknotes in new Bank of England exhibition

King Charles banknotes will be issued in 2024

Visitors to the Bank of England Museum can see the new banknotes before they enter circulation [ more ]

London Business News | Londonlovesbusiness.com

Growth hacking

UK wage growth falls to the lowest rate in 10 months

Wage growth in the UK has fallen to its lowest rate in 10 months, raising hopes of a potential interest rate cut by the Bank of England.

For the fifth consecutive month, earnings have outpaced price rises in the UK.

Both wage growth and services inflation are below Bank of England projections, potentially guiding monetary policy towards interest rate cuts. [ more ]

www.theguardian.com

4 months ago

Europe politics

The Guardian view on globalisation: the world system risks undoing itself | Editorial

Next year marks the 110th anniversary of a global financial crisis that shaped the world.

www.independent.co.uk

5 months ago

What does Bank of England interest rates decision mean for my mortgage and savings?

The Bank of England has chosen to hold interest rates at a 15-year high as it seeks to bear down on inflation.

Markets are now betting on a series of rate cuts over the year ahead, which will have a knock-on impact on the housing market and savings rates.

The expectation is that there might be between two and four rate cuts in the year ahead. [ more ]

www.independent.co.uk

5 months ago