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...
BoE’s Greene says price pressures still too high, inflation expectations rising Published 12 May, 2025 05:50pm LONDON: Bank of England monetary policymaker Megan Greene said on Monday that wage and inflation measures were...
BoE’s Greene says US tariffs likely to put downward pressure on UK inflation Published 22 Apr, 2025 02:16pm Britain is more likely to see lower than higher inflation as a result of US President Donald Trump’s tariffs, Bank...
UK inflation dips Published 16 Jan, 2025 03:04am LONDON: Britain’s annual inflation rate unexpectedly fell to 2.5 percent last month, official data on Wednesday...
UK inflation unexpectedly falls, core price measures slow by more Published 15 Jan, 2025 12:34pm LONDON: British inflation unexpectedly slowed last month and core measures of price growth - tracked by the Bank of...
UK grocery inflation rises to 2.6%, says Kantar Published 10 Dec, 2024 02:29pm LONDON: British shoppers faced increased pressure on their budgets last month after grocery price inflation edged...
UK inflation slowdown unlikely to shift vote, rate outcomes Published 20 Jun, 2024 06:01am LONDON: Britain’s inflation rate has slowed to a near three-year low, official data showed Wednesday, but the ...
FTSE nudges lower for week after record run Published 20 May, 2024 05:44am LONDON: London’s FTSE 100 ended the day and the week slightly lower on Friday, pausing after a run of record highs...
UK inflation slows to 3.4% in February Published 20 Mar, 2024 01:31pm LONDON: British consumer prices rose by a slightly weaker-than-expected 3.4% in annual terms in February, slowing...
European shares rise as soft UK inflation boosts sentiment Published 14 Feb, 2024 02:44pm European shares edged higher on Wednesday as a softer-than-expected UK inflation boosted hopes of imminent...
UK inflation holds at 4.0 percent in January: data Published 14 Feb, 2024 01:13pm LONDON: Britain’s annual inflation rate remained unchanged in January from the previous month, confounding...
UK inflation in shock rise, dashing rate cut hopes Published 18 Jan, 2024 05:54am LONDON: British annual inflation unexpectedly picked up in December, data showed Wednesday, dashing hopes of an ...
UK inflation rate rises to 4% in December Published 17 Jan, 2024 12:27pm LONDON: Britain’s annual rate of consumer price inflation rose for the first time in 10 months in December,...
Dollar little changed on MLK Day Published 16 Jan, 2024 05:44am LONDON: The dollar was little changed on Monday in cautious during a US public holiday, while risk-sensitive ...
FTSE 100 touches near 7-month high Published 21 Dec, 2023 03:54am LONDON: British equities jumped on Wednesday as investors cheered a surprise drop in domestic inflation, which...
Dollar higher as big UK inflation drop hits pound Published 21 Dec, 2023 03:54am NEW YORK: The dollar strengthened against the pound on Wednesday after data revealed sharply falling UK inflation,...
UK inflation falls sharply, relieving pressure on PM Sunak Published 15 Nov, 2023 01:35pm LONDON: UK inflation fell more than expected in October, data showed Wednesday, easing a cost-of-living crisis and...
India to take medium-term view to curb inflation Published 17 Aug, 2023 10:28am BENGALURU: India will take a medium-term view to intensify efforts to ease inflation pressures and avoid any...
UK PM Sunak commits to triple-lock pension policy despite inflation Published 16 Aug, 2023 11:03pm LONDON: British Prime Minister Rishi Sunak said he was committed to the government's mechanism for increasing state...
BoE hikes rate 14th time in row Updated 04 Aug, 2023 08:41am LONDON: The Bank of England on Thursday hiked its key interest rate for a 14th time in a row, by a quarter-point to...
Sterling takes a beating; dollar gains ground Published 20 Jul, 2023 09:26am SINGAPORE: Sterling was struggling to recover from a sharp fall on Thursday following UK inflation data that...
Dollar gains as pound tumbles on cooling UK inflation Published 20 Jul, 2023 03:12am NEW YORK: The US dollar bounced on Wednesday after inflation in the United Kingdom cooled more than economists...
UK inflation rate falls to 7.9% in June Published 19 Jul, 2023 12:11pm LONDON: British annual consumer price inflation fell to a lower than expected 7.9% in June, figures from the Office...
UK’s Hunt: Still a long way to go in battle against inflation Published 19 Jul, 2023 12:08pm LONDON: British finance minister Jeremy Hunt said there was still a long way to go to reduce inflation towards...
UK food price inflation to be 9% in December, industry researcher cautions Published 13 Jul, 2023 06:07pm LONDON: Food price inflation in Britain will decline through the balance of 2023 but will still be about 9% in...
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...
European stocks steady, pound drops as UK inflation surprises Updated 21 Jun, 2023 04:02pm LONDON: European stock markets steadied and the pound dropped Wednesday as traders reacted to news of...
UK inflation rate unchanged at 8.7% in May, contrary to forecast fall Published 21 Jun, 2023 12:21pm LONDON: British consumer price inflation was unchanged at 8.7% in May compared to April’s data, contrary to...
UK PM Sunak: It's on me personally to meet pledge to halve inflation Published 07 Jun, 2023 10:56pm WASHINGTON: British Prime Minister Rishi Sunak said on Wednesday he would take personal responsibility if he fails ...
IMF says UK economy to grow this year in big U-turn Published 24 May, 2023 05:57am LONDON: The IMF on Tuesday delivered a major U-turn on its forecast for the UK economy, saying it expected growth...