The Bank of England’s recent interest rate cut and accompanying economic forecasts have prompted a flurry of conflicting views about where monetary policy is heading, raising the question of how BoE-watchers should "read" the committee’s actions in these uncertain times.
British home prices will rise faster than previously expected this year, but the increase will be outpaced by surging rental costs as demand outstrips supply, a Reuters poll found.
Bank of England policymakers do not have a consensus about how fast the central bank should cut interest rates, even though they all agreed to use the word "gradual", Monetary Policy Committee member Swati Dhingra said on Monday.
Inflation could hit 4 per cent this year if the Bank of England's forecasts only slightly exceed expectations. Yesterday, inflation unexpectedly jumped to 3 per cent in January, hitting its highest level in 10 months and higher than the 2.8 per cent financial markets had forecast.
The security of the vaults and how cheap it is to store gold there, relative to the commercial vaults that make up the rest of the London gold market, mean that holders rarely shift their bullion
Bank of England policymakers are hopeful that we are in a “hump” and that inflation will fall back to target. The UK rate of inflation reached 3% in January, from 2.5% in December, higher than ...
UK stock markets rallied as financial heavyweights buoyed performance, despite Unilever's shares dipping following CEO changes. The FTSE 100 and FTSE 250 indices broke a losing streak with advancements in the banks index and noteworthy performances by Smith+Nephew and Wood Group.
Experts advise those with fixed-rate mortgages expiring soon to lock in a new deal at least three months in advance to avoid potential hikes. Borrowers could also consider tracker mortgages, which follow the Bank of England base rate – but these carry the risk of rising if rates don’t come down.
Inflation in the U.K. rose to a 10-month high in January, an increase that will likely diminish expectations of rapid interest rate reductions from the Bank of England
Dr. Swati Dhingra has been reappointed to the Bank of England's Monetary Policy Committee until 2028. With a rich academic background and expertise in economic policy, Dhingra plays a pivotal role in shaping the UK's economic landscape.
Deep under the Bank of England, in a network of vaults into which cameras are rarely admitted, sits the world's second biggest known trove of gold. Once upon a time the Bank's vaults stored ...
Bank of England policymakers do not have a consensus about how fast the central bank should cut interest rates, even though they all agreed to use the word "gradual", Monetary Policy Committee member Swati Dhingra said on Monday.