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…
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…
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…
The BoE expects GDP to grow by 0.5 per cent this year, unchanged from its last forecast, but downgraded its outlook for 2024 from 0.5 per cent to 0 per…
As per details, the interest rate was raised by a quarter-percentage point to 5.25 percent, which is the central bank’s 14th hike in a row…reports Asian Lite News To bring…
The size of the bank’s 13th hike in a row was a surprise after most economists had predicted a smaller quarter-point increase…reports Asian Lite News Fears that the British economy…
These areas of persistence, he continued, include domestic wage growth and price setting…reports Asian Lite News After more than a year of warnings, Bank of England Governor Andrew Bailey says…
The central bank’s 11th consecutive rate hike takes benchmark borrowing costs to 4.25%, the highest since October 2008…reports Asian Lite News The Bank of England hiked interest rates by a…
Unlike cryptoassets and stablecoins, the digital pound would be issued by the Bank of England and not the private sector. We are separately already legislating to protect Access to Cash…reports…
The King’s image will appear on the front of the banknotes as well as in the see-through security window, which is included in U.K. currency for added protection against fraud…reports…
