BoE lifts rate for first time since 2023 Published 06 Nov, 2026 05:47am LONDON: The Bank of England raised its benchmark interest rate to four percent on Thursday, the first increase in...
FTSE 100 logs strongest week in six months Published 19 Oct, 2026 02:10am LONDON: Britain’s blue-chip stocks had their best week in six months, as investors flocking to defensive sectors...
Bank of England's Bailey says second-round inflation pressures look subdued so far Updated 16 Oct, 2026 11:54am The IIF meetings are taking place on the sidelines of the annual meetings of the IMF and World Bank
BOE holds rate, warns of hike if Iran war persists Published 18 Sep, 2026 05:15am LONDON: The Bank of England held its benchmark interest rate at 3.75 percent on Thursday, but warned that a hike...
UK economy beats expectations in July with growth Published 13 Sep, 2026 02:36am LONDON: Britain’s economy grew by a much stronger than expected 0.4percent in July, extending the strong performance...
Sterling dips, remains within recent range Published 01 Jun, 2026 04:28am LONDON: The British pound edged lower against the dollar on Friday as uncertainty over a possible US-Iran peace deal...
Sterling steady at 10-week high Published 04 May, 2026 05:20am LONDON: British pound held near a 10-week high against the dollar on Friday as traders digested a week of central...
Bank of England hold rate steady, signals possible hikes Published 30 Apr, 2026 10:51pm LONDON: The Bank of England on Thursday left its benchmark interest rate unchanged at 3.75 percent, but signalled...
European shares snap three-day losing streak Published 17 Mar, 2026 05:57am FRANKFURT: European shares rebounded after an early wobble on Monday as oil prices eased, offering some relief to...
BoE’s Bailey hopes for less bond market volatility driven by US tariffs Published 18 Feb, 2025 04:42pm Bank of England Governor Andrew Bailey said on Tuesday he wanted to see less volatility in medium and longer-dated...
Bank of England’s Bailey says inflation is slowing, 2025 jump will not last Published 17 Feb, 2025 04:19pm LONDON: Bank of England Governor Andrew Bailey said in an interview published on Monday that inflation was slowing...
Facing market pain, UK’s Reeves says ‘pragmatic’ China ties will help growth Published 11 Jan, 2025 10:37am BEIJING: British finance minister Rachel Reeves, facing criticism for travelling to China during financial market...
Bank of England to press on with digital currency in case banks fall short, Bailey says Published 27 Oct, 2024 02:44am WASHINGTON: The Bank of England is reluctantly pressing on with work to create a form of digital money accessible to...
BoE’s Pill urges cautious approach to cutting interest rates Published 04 Oct, 2024 02:03pm LONDON: Bank of England Chief Economist Huw Pill said the British central bank should move only gradually with...
BoE plans expanded repo facilities to avert money market crunch Published 23 Jul, 2024 08:29am LONDON: The Bank of England said on Monday that banks should get ready to make greater use of its repo facilities as...
BoE’s Bailey says Sept CPI ‘not far off’ expectations Published 20 Oct, 2023 12:30pm LONDON: Bank of England Governor Andrew Bailey said inflation data for September, which failed to fall as most...
BoE hikes rate half-point as high inflation persists Published 23 Jun, 2023 06:00am LONDON: The Bank of England Thursday lifted its key interest rate by a half-point to five percent to tackle...
BoE’s governor says rate-setters can put inflation before bank worries Published 29 Mar, 2023 06:27am LONDON: Bank of England Governor Andrew Bailey signalled on Monday that interest rate-setters would focus on ...
Bank of England’s Bailey says nothing decided on rates path Published 01 Mar, 2023 03:30pm LONDON: Bank of England Governor Andrew Bailey said on Wednesday that nothing had been decided in terms of whether...
UK skirts recession with zero fourth-quarter growth Published 13 Feb, 2023 05:57am LONDON: Britain’s economy avoided recession after flatlining in the last three months of 2022, but finance ...
BoE and Treasury think UK is 'likely' to need digital currency Published 05 Feb, 2023 12:22am LONDON: The Bank of England (BoE) and Britain's finance ministry think the UK is likely to need to create a central...
BoE hints rates near peak after 10th hike Published 03 Feb, 2023 06:17am LONDON: The Bank of England signalled the tide was turning in its battle against high inflation after it raised...
BoE’s Bailey sees more optimism about inflation falling Published 19 Jan, 2023 06:14pm LONDON: Bank of England Governor Andrew Bailey said there was now more optimism about the prospects for inflation...
UK finance minister Hunt tells Bailey he reaffirms BoE independence Published 26 Oct, 2022 12:37pm LONDON: British finance minister Jeremy Hunt met Bank of England Governor Andrew Bailey on Tuesday and reaffirmed...
UK finance minister Hunt vows to win back financial market trust Published 16 Oct, 2022 11:20pm LONDON: New finance minister Jeremy Hunt promised to win back Britain's economic credibility by fully accounting for...
BoE’s Bailey has ‘meeting of minds’ with Hunt on fixing UK crisis Published 16 Oct, 2022 03:53am WASHINGTON: Bank of England Governor Andrew Bailey said there was an “immediate meeting of minds” when he spoke...
UK borrowing costs hit 20-year high as BoE sticks by bond deadline Published 13 Oct, 2022 05:59am LONDON: British government borrowing costs surged again on Wednesday after Bank of England Governor Andrew Bailey...
BoE defends itself against planned Truss review Published 08 Sep, 2022 05:43am LONDON: The Bank of England on Wednesday defended itself against accusations of being too slow to tackle sky-high...
New UK leader Liz Truss finalizes huge power subsidy plan Published 07 Sep, 2022 11:55pm LONDON: Britain's new Prime Minister Liz Truss on Wednesday readied the final details of a plan to tackle soaring...
Sterling rises 0.5pc Published 26 Aug, 2022 05:35am LONDON: Sterling recouped some losses against the dollar on Thursday but was still languishing near a 2-1/2 year low...