BoE’s Bailey says Sept CPI ‘not far off’ expectations LONDON: Bank of England Governor Andrew Bailey said inflation data for September, which failed to fall as most... Published 20 Oct, 2023 12:30pm
Business & Finance BoE hikes rate half-point as high inflation persists LONDON: The Bank of England Thursday lifted its key interest rate by a half-point to five percent to tackle... Published 23 Jun, 2023 06:00am
Business & Finance BoE’s governor says rate-setters can put inflation before bank worries LONDON: Bank of England Governor Andrew Bailey signalled on Monday that interest rate-setters would focus on ... Published 29 Mar, 2023 06:27am
Markets Bank of England’s Bailey says nothing decided on rates path LONDON: Bank of England Governor Andrew Bailey said on Wednesday that nothing had been decided in terms of whether... Published 01 Mar, 2023 03:30pm
Business & Finance UK skirts recession with zero fourth-quarter growth LONDON: Britain’s economy avoided recession after flatlining in the last three months of 2022, but finance ... Published 13 Feb, 2023 05:57am
Business & Finance BoE and Treasury think UK is 'likely' to need digital currency LONDON: The Bank of England (BoE) and Britain's finance ministry think the UK is likely to need to create a central... Published 05 Feb, 2023 12:22am
Business & Finance BoE hints rates near peak after 10th hike LONDON: The Bank of England signalled the tide was turning in its battle against high inflation after it raised... Published 03 Feb, 2023 06:17am
Business & Finance BoE’s Bailey sees more optimism about inflation falling LONDON: Bank of England Governor Andrew Bailey said there was now more optimism about the prospects for inflation... Published 19 Jan, 2023 06:14pm
Markets UK finance minister Hunt tells Bailey he reaffirms BoE independence LONDON: British finance minister Jeremy Hunt met Bank of England Governor Andrew Bailey on Tuesday and reaffirmed... Published 26 Oct, 2022 12:37pm
World UK finance minister Hunt vows to win back financial market trust LONDON: New finance minister Jeremy Hunt promised to win back Britain's economic credibility by fully accounting for... Published 16 Oct, 2022 11:20pm
Business & Finance BoE’s Bailey has ‘meeting of minds’ with Hunt on fixing UK crisis WASHINGTON: Bank of England Governor Andrew Bailey said there was an “immediate meeting of minds” when he spoke... Published 16 Oct, 2022 03:53am
Business & Finance UK borrowing costs hit 20-year high as BoE sticks by bond deadline LONDON: British government borrowing costs surged again on Wednesday after Bank of England Governor Andrew Bailey... Published 13 Oct, 2022 05:59am
Business & Finance BoE defends itself against planned Truss review LONDON: The Bank of England on Wednesday defended itself against accusations of being too slow to tackle sky-high... Published 08 Sep, 2022 05:43am
World New UK leader Liz Truss finalizes huge power subsidy plan LONDON: Britain's new Prime Minister Liz Truss on Wednesday readied the final details of a plan to tackle soaring... Published 07 Sep, 2022 11:55pm
Business & Finance Sterling rises 0.5pc LONDON: Sterling recouped some losses against the dollar on Thursday but was still languishing near a 2-1/2 year low... Published 26 Aug, 2022 05:35am
Business & Finance Bank of England raises rates by most since 1995 even as long recession looms LONDON: The Bank of England raised interest rates by the most in 27 years on Thursday, despite warning that a long... Published 04 Aug, 2022 06:56pm
World UK inflation hits 9.4%, bolstering bets on big BoE rate hike LONDON: Surging petrol and food prices last month pushed British inflation to its highest rate in 40 years, ... Published 20 Jul, 2022 11:30pm
Business & Finance BoE may reduce gilts by 50-100bn pounds over a year: Bailey LONDON: Bank of England Governor Andrew Bailey said the central bank was considering reducing its British government... Published 20 Jul, 2022 05:48am
Markets FTSE 100 retreats LONDON: Britain’s top share index inched lower on Wednesday, as gains in healthcare shares were seen providing... Published 30 Jun, 2022 06:07am
Business & Finance Bank of England may not need to act forcefully, says Bailey SINTRA, (Portugal): The Bank of England will not necessarily have to act “forcefully” to get inflation under... Published 30 Jun, 2022 06:07am
Business & Finance UK inflation jumps to 40-year peak LONDON: Britain’s annual inflation rate surged to a 40-year high last month on rocketing energy costs, official data... Published 18 May, 2022 12:39pm
Markets FTSE 100 lags European peers on strong pound LONDON: UK stocks advanced on Tuesday on hopes that China would ease its COVID-19 curbs and regulatory scrutiny,... Published 18 May, 2022 05:54am
Business & Finance Sterling steadies LONDON: Sterling steadied on Monday after Bank of England Governor Andrew Bailey said the current inflation surge ... Published 17 May, 2022 05:39am
Business & Finance Sterling rebounds after four days of losses, overlooks PM’s woes LONDON: The British pound climbed against a broadly weak dollar on Wednesday, unruffled by Prime Minister Boris... Published 21 Apr, 2022 05:26am
Business & Finance Pound at 5-week high vs struggling euro LONDON: The British pound rose against the euro on Thursday as the single currency weakened after the European... Published 15 Apr, 2022 05:29am
Business & Finance Sterling jumps LONDON: Sterling gained versus the euro on Monday as the prospect of more sanctions against Russia knocked ... Published 05 Apr, 2022 05:38am
Business & Finance Sterling falls below $1.36 as BoE tries to cool rate-hike bets LONDON: Sterling edged down versus the dollar and euro on Wednesday after Bank of England Governor Andrew Bailey ... Published 24 Feb, 2022 06:34am
Markets BoE's Bailey sees clear risk of inflation sticking at high level LONDON: Bank of England Governor Andrew Bailey said on Wednesday there was "very clearly" a risk that high inflation... Published 23 Feb, 2022 03:31pm
Business & Finance Sterling close to 23-month high versus euro LONDON: Sterling rose on Friday close to a 23-month high against the euro as investors expected the Bank of England... Published 29 Jan, 2022 06:05am
Business & Finance Sterling hits 23-month high against euro after UK data LONDON: Sterling edged up versus the euro, hitting a 23-month high, and rose against a weakening dollar after... Published 20 Jan, 2022 04:21am
