Trends - Bank of England - Business Recorder

Markets

Bank of England readies what may be its final rate hike

LONDON: The Bank of England is likely to hike interest rates once again this week, possibly the last hurrah for one...

Published 17 Sep, 2023 12:49pm

Markets

Interest rate cliffhanger as ECB mulls hike or pause

FRANKFURT: Eurozone interest rate setters face the toughest call of their long battle against red-hot inflation...

Published 14 Sep, 2023 11:19am

Business & Finance

BoE is ‘much nearer’ to peak of rate rises, Bailey says

The Bank of England is “much nearer” to ending its run of interest rates increases but borrowing costs might still...

Published 06 Sep, 2023 07:18pm

Business & Finance

BoE will see the job through on inflation, Pill says

CAPE TOWN: Bank of England Chief Economist Huw Pill said on Thursday the central bank would “see the job through” on...

Published 31 Aug, 2023 02:23pm

World

UK PM Sunak commits to triple-lock pension policy despite inflation

LONDON: British Prime Minister Rishi Sunak said he was committed to the government's mechanism for increasing state...

Published 16 Aug, 2023 11:03pm

Markets

UK basic wage growth hits record, adding to Bank of England’s worries

LONDON: British wages excluding bonuses were a record 7.8% higher than a year earlier in the three months to June,...

Published 15 Aug, 2023 12:02pm

Markets

Sterling rises as UK basic wage growth hits record high

LONDON: Sterling rose on Tuesday after data showed British wages grew at a record pace in the second quarter, adding...

Published 15 Aug, 2023 11:51am

Business & Finance

UK economy grows unexpectedly in Q2 but still lags peers

LONDON: Britain’s economy eked out unexpected growth in the second quarter, laying the ground for more interest...

Published 15 Aug, 2023 06:30am

Print

BoE hikes rate 14th time in row

LONDON: The Bank of England on Thursday hiked its key interest rate for a 14th time in a row, by a quarter-point to...

Updated 04 Aug, 2023 08:41am

Business & Finance

Bank of England raises borrowing costs to 15-year peak, signals rates to stay high

LONDON: The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of...

Published 03 Aug, 2023 05:53pm

Business & Finance

UK house prices drop by most since 2009: Nationwide

LONDON: British house prices fell by the most since 2009 in the 12 months to July, mortgage lender Nationwide said...

Updated 01 Aug, 2023 12:28pm

Markets

Bank of England set to raise rates to 5.25% as high inflation persists

LONDON: The Bank of England looks likely to raise rates by a quarter-point to 5.25% on Aug. 3, though economists and...

Published 28 Jul, 2023 11:01am

Business & Finance

Bank of England forecasts 150 billion pound QE gilt loss

LONDON: The Bank of England forecast on Tuesday that it would make a net loss of just over 150 billion pounds ($193...

Published 25 Jul, 2023 05:51pm

Markets

Sterling takes a beating; dollar gains ground

SINGAPORE: Sterling was struggling to recover from a sharp fall on Thursday following UK inflation data that...

Published 20 Jul, 2023 09:26am

Business & Finance

Dollar gains as pound tumbles on cooling UK inflation

NEW YORK: The US dollar bounced on Wednesday after inflation in the United Kingdom cooled more than economists...

Published 20 Jul, 2023 03:12am

Markets

European stock markets advance at open

LONDON: Europe’s stock markets opened higher Wednesday following a hesitant Asian session as dealers awaited key US...

Published 12 Jul, 2023 01:58pm

Markets

Bank of England says UK economy coping with higher rates

LONDON: Britain’s economy is so far proving resilient to the jump in interest rates but it will take time for the...

Published 12 Jul, 2023 01:45pm

Markets

Dollar slides ahead of US inflation data, sterling hits 15-month peak

SINGAPORE: The dollar sank to a two-month low against its major peers on Wednesday in the lead-up to a key US...

Published 12 Jul, 2023 09:29am

Sports

Historic Lord’s provides ‘special’ stage for Ashes Test

LONDON: Lord’s will provide a fitting backdrop to this week’s Ashes drama as the spiritual ‘Home of Cricket’ hosts...

Published 27 Jun, 2023 11:44am

Markets

BIS warns world economy at critical juncture in inflation fight

LONDON: The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for...

Published 25 Jun, 2023 05:50pm

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

Bank of England not trying to cause a recession, Bailey says

LONDON: The Bank of England is not trying to cause a recession as part of its efforts to tame inflation, and expects...

Published 22 Jun, 2023 07:00pm

Business & Finance

Bank of England hikes rates to 5% in surprise move to tackle stubborn inflation

LONDON: The Bank of England raised interest rates by a bigger-than-expected half a percentage point on Thursday...

Updated 22 Jun, 2023 04:34pm

Markets

European stocks steady, pound drops as UK inflation surprises

LONDON: European stock markets steadied and the pound dropped Wednesday as traders reacted to news of...

Updated 21 Jun, 2023 04:02pm

Markets

Sterling seesaws as inflation data keeps heat on BoE

LONDON: The pound seesawed on Wednesday, initially jumping after data showed UK inflation accelerated more than...

Published 21 Jun, 2023 12:11pm

Markets

Oil gains for the week as supply cuts balance demand concerns

NEW YORK: Oil rose on Friday and posted a weekly gain, as higher Chinese demand and OPEC+ supply cuts lifted prices,...

Published 19 Jun, 2023 06:55am

Markets

Bank of England set to raise rates to 4.75% as inflation slow to fall

LONDON: The Bank of England looks set to raise interest rates by a quarter point to a 15-year high of 4.75% on June...

Published 16 Jun, 2023 02:47pm

Markets

Bank of England cannot rule out more rate rises, MPC’s Haskel says

LONDON: The Bank of England may need to raise interest rates more than once from their current level of 4.5% to...

Published 12 Jun, 2023 12:11pm

Markets

Sterling steady as UK house prices post first yearly drop since 2012

LONDON: Sterling held steady on Wednesday after data showed the first annual drop in UK house prices in more than a...

Published 07 Jun, 2023 02:30pm

Markets

FTSE index ends flat; little reaction to BoE rate decision

LONDON: The UK’s FTSE 100 share index ended virtually flat on Thursday, although mining stocks fell as base metal...

Published 12 May, 2023 05:59am