bank of england – Asian News from UK

Bank of England cuts interest rates by 0.25 points to 4.75%

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

November 8, 2024

-Top News·Business·UK News

Bank of England Cut Rates to 5%

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

August 2, 2024

-Top News·London News·UK News

Bank of England set for interest rate decision

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)

August 1, 2024

-Top News·UK News

Bank of England pauses interest rate hike

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 cent…reports Asian

November 3, 2023

-Top News·UK News

Bank of England increases key interest rate to 15-year high

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 down the

August 4, 2023

-Top News·UK News

Bank of England hikes borrowing rates

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 is heading

June 23, 2023

-Top News·UK News

Bank of England governor says UK is facing a wage-price spiral

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 U.K.

May 19, 2023

-Top News·UK News

Bank of England hikes rates

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 quarter of

March 24, 2023

-Top News·UK News

Bank of England consider plans for a digital pound

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 Asian Lite

February 8, 2023

-Top News·EU News·UK News

Bank of England unveils design of King Charles banknotes

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 Asian Lite

December 21, 2022

-Top News·UK News