UK lenders approve highest number of mortgages since October: BoE LONDON: The number of mortgages approved by British lenders jumped in March to its highest since October, but... Published 04 May, 2023 05:42pm
Business & Finance Bank of England projects 100 billion pound loss for QE programme LONDON: The Bank of England estimated on Friday that its quantitative easing programme would rack up a total... Published 28 Apr, 2023 06:26pm
Markets London stocks hold losses after BoE hike, banks down London stocks held their intraday losses after the Bank of England raised its main lending rate by an expected 25... Published 23 Mar, 2023 09:26pm
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 Bank of England hikes interest rate tenth time in row LONDON: The Bank of England on Thursday hiked its interest rate for a tenth time in a row as global authorities race... Published 02 Feb, 2023 05:50pm
Business & Finance UK factories cut prices, helping BoE’s inflation fight LONDON: Britain’s manufacturers unexpectedly reduced their prices in December by the most since April 2020, welcome... Published 25 Jan, 2023 01:54pm
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
Business & Finance UK insurance reforms pose risks to policyholders, BoE’s Bailey says LONDON: The British government’s proposed changes to insurance sector capital rules present a risk to policyholders... Published 16 Jan, 2023 09:08pm
Business & Finance ECB, BoE raise interest rates LONDON: The European Central Bank and Bank of England raised its key interest rates on Thursday and indicated that... Published 16 Dec, 2022 05:58am
Business & Finance UK inflation slows, remains close to 11 percent LONDON: British inflation slowed more than expected in November but remained near the highest level in more than 40... Published 15 Dec, 2022 07:40am
Business & Finance UK inflation slows to 10.7% in November LONDON: British inflation slowed in November from October’s 41-year peak, data showed Wednesday, but remains... Published 14 Dec, 2022 01:37pm
Business & Finance ICCIA holds event on ‘green entrepreneurship’ KARACHI: The Islamic Chamber of Commerce, Industry & Agriculture (ICCIA) organised its 5th “Best of... Published 13 Dec, 2022 05:58am
Business & Finance BoE could deepen UK recession if it raises rates further LONDON: The Bank of England’s newest interest rate-setter Swati Dhingra said on Wednesday that the British central... Published 16 Nov, 2022 08:21pm
Markets Fed and BoE dismantle sterling rate support LONDON: The US Federal Reserve and the Bank of England sent two very clear signals to financial markets this week -... Published 04 Nov, 2022 11:32am
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
Business & Finance UK inflation returns above 10 percent LONDON: British inflation jumped back above 10 percent in September on soaring food prices, official data showed... Published 20 Oct, 2022 05:36am
Markets Dollar firm near 32-peak vs yen despite intervention risks; sterling treads water TOKYO: The dollar hung close to a 32-year peak versus the yen on Wednesday while edging up from a two-week trough... Published 19 Oct, 2022 09:17am
Business & Finance BoE’s Bailey says stronger rates response needed to fight inflation WASHINGTON: Bank of England Governor Andrew Bailey said inflation pressures might require a bigger interest rate... Published 15 Oct, 2022 07:38pm
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
Markets Dollar at 24-year peak to yen after US yields jump; sterling choppy TOKYO: The dollar scaled fresh 24-year heights on the yen on Wednesday, breaching levels that prompted intervention... Updated 12 Oct, 2022 12:28pm
Markets UK PM Truss says it is right for BoE to set interest rates independently BIRMINGHAM: British Prime Minister Liz Truss said on Wednesday it was right for the Bank of England to set interest... Published 05 Oct, 2022 03:39pm
Opinion BoE in murky water with qualified ‘whatever it takes’ ‘Time-limited’ and ‘whatever it takes’ don’t sit comfortably together. Even if a law of diminishing ... Published 01 Oct, 2022 04:20am
Markets US stocks advance after BoE moves soothe fears NEW YORK: Wall Street stocks rose early Wednesday after the Bank of England’s surprise intervention in the British... Published 28 Sep, 2022 07:12pm
Business & Finance BoE intervenes as IMF criticises UK budget LONDON: The Bank of England stepped in Wednesday to shore up market confidence after the International Monetary Fund... Published 28 Sep, 2022 05:40pm
Business & Finance Bank of England says it won’t take ‘risky bets’ to help City’s competitiveness LONDON: The Bank of England’s new objective of helping the financial sector remain globally competitive should not... Published 27 Sep, 2022 05:15pm
Markets FTSE down after BoE hikes interest rates LONDON: UK shares fell on Thursday, with the midcap index touching the lowest in over two months on recession fears... Published 23 Sep, 2022 05:50am
Business & Finance UK inflation hits double digits, highest since 1982 LONDON: British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual... Published 17 Aug, 2022 11:40am
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
Markets FTSE 100 rises on Avast boost, banks up ahead of BoE meeting LONDON: Britain’s main stock indexes closed higher on Wednesday as Avast surged after it won regulatory approval... Published 04 Aug, 2022 05:43am
Business & Finance Sterling loses steam LONDON: The British pound weakened against the dollar on Tuesday as traders turned to safe-haven currencies amid... Published 03 Aug, 2022 04:55am