EconomyOfficialReported
Bank of England Holds Interest Rate at 3.75% Amid Rising Inflation Risks
Three policymakers voted for a quarter-point hike as energy-driven price pressures persist, according to Anadolu Agency.
· 1 min read
Tagged “bank-of-england”
ClearEconomyOfficialReported
Bank of England Holds Rate at 3.75%, Warns of Possible Tightening Over Middle East Conflict
The central bank kept borrowing costs unchanged but signaled it could raise rates further if the Middle East conflict continues to push up energy prices and inflation risks.
· 1 min read
EconomyReported
UK Holds Interest Rates at 3.75% for Sixth Consecutive Time
The Bank of England kept rates unchanged despite rising inflation, warning they could rise if high energy prices persist, according to a report by BBC.
· 1 min read
EconomyReported
Bank of England Holds Interest Rates for Sixth Consecutive Time
The Bank of England kept interest rates unchanged but warned borrowing costs could rise if high energy prices persist, according to BBC News.
· 1 min read
EconomyReported
Bank of England Holds Rates at 3.75% as Inflation Pressures Complicate Burnham's Cost-of-Living Pledge
The Bank's monetary policy committee left rates unchanged on Thursday but signaled it may not be able to hold that position much longer, according to a Guardian analysis, complicating Prime Minister Andy Burnham's promise of economic 'breathing space' for households.
· 2 min read
BusinessReported
Bank of England Holds Rates at 3.75%, Warns Middle East Conflict Could Force Future Rises
Central bank also unveils surprise plan to sell government bonds back to the Treasury, a move that could affect public finances ahead of next month's budget.
· 2 min read
EconomyReported
Bank of England Holds Interest Rates, Slows Pace of Bond Sales
The central bank kept its key rate unchanged while announcing a reduction in the speed of its quantitative tightening programme, as new data revised UK productivity growth higher.
· 2 min read
PoliticsReported
Shadow Chancellor Signals Plan to End TUC Presence on Bank of England Court
Andrew Griffith says trade union representation on the Bank's oversight body could undermine its reputation for financial discipline, as he also acknowledges shortcomings in the Making Tax Digital programme.
· 2 min read
EconomyReported
Bank of England Holds Interest Rates Steady Despite Rising UK Inflation
The central bank kept its key rate unchanged on Thursday even as inflation climbed to 3.1%, diverging from the U.S. Federal Reserve's recent rate increase.
· 1 min read
EconomyReported
Bank of England Holds Rates at 3.75% as Analysts Warn of Tension With Burnham's 'Breathing Space' Pledge
Minutes from the Bank's Monetary Policy Committee suggest policymakers may not hold rates much longer, complicating the prime minister's cost-of-living message, according to reporting by The Guardian.
· 2 min read
EconomyReported
UK Borrowing Costs Fall as Bank of England Outlines New Bond-Selling Plan
The central bank has proposed selling government bonds back to the Treasury and winding down its post-financial-crisis asset purchase scheme, as government borrowing costs eased and pressure grew over the program's cost.
· 2 min read
EconomyReported
Bank of England Overhauls Bond-Sale Programme Alongside Rate Decision
The central bank held interest rates at 3.75% on Thursday but surprised markets with a shake-up of its quantitative tightening programme, including a plan to sell £146bn in gilts back to the Treasury.
· 2 min read
EconomyReported
Bank of England Interest Rates and Mortgage Impact Explained
The Bank of England's interest rate decisions ripple through mortgage, loan, and savings rates for millions of consumers.
· 1 min read
EconomyReported
UK Inflation Rises to 3.1% as Fuel Costs Surge; Bank of England Expected to Hold Rates
Official figures show consumer prices climbed to a five-month high in August, driven by rising motor fuel costs and factory gate prices, as the Bank of England prepares to announce its latest interest rate decision.
· 2 min read
EconomyReported
UK Inflation Rises to 3.1% in August Amid Higher Energy Costs
The increase, reported by CNBC, comes just hours before the Bank of England is due to announce its latest monetary policy decision.
· 1 min read
EconomyReported
UK Inflation Rises to 3.1% as Fuel Prices Surge Almost a Quarter
Office for National Statistics data show consumer price inflation increased in August, driven by soaring motor fuel and transport costs linked to the Iran war, intensifying pressure on households ahead of a Bank of England rate decision.
· 1 min read
EconomyReported
Burnham Warns of 'Difficult Decisions' in Budget as UK Inflation Rises to 3.1%
Rising energy prices linked to the Iran war push inflation above 3%, prompting warnings ahead of next month's budget and a Bank of England rate decision.
· 2 min read
EconomyReported
Bank of England Expected to Hold Interest Rates as UK Inflation Rises to 3.1%
Factory gate prices also climbed in August, driven by higher crude oil and petrol costs, according to figures cited in reporting on the UK economy.
· 1 min read
WorldReported
Research Finds Slave-Trade Wealth Deeply Embedded in Britain's Financial System
New historical research indicates the Bank of England and Britain's broader financial system had extensive links to transatlantic slave trafficking, with dozens of the bank's founding subscribers and directors identified as investors in the trade.
· 2 min read
EGEGazette
OpinionReported
Guardian Editorial Questions Bank of England's £120bn Quantitative Tightening Bill
An opinion piece in The Guardian argues that the Bank of England's bond-selling programme has blurred the boundary between monetary and fiscal policy, leaving ministers liable for costs they cannot control.
· 2 min read
EGEGazette
EconomyReported
Economists urge UK Chancellor to press Bank of England to slow bond sales
Healey is being asked to push the central bank to reduce gilt sales that economists say have cost billions in extra borrowing costs.
· 1 min read
EGEGazette
EconomyReported
UK pay growth slows to 3.9% ahead of key interest rate decision
Official figures show wage growth easing as the Bank of England weighs its next move amid a fresh cost-of-living squeeze
· 2 min read
EGEGazette
EconomyReported
UK State Pension On Track to Exceed £13,000 as Wage Growth Slows to 3.9%
Official data shows earnings growth easing amid a cost-of-living squeeze linked to the Iran war, complicating the Bank of England's coming interest rate decision.
· 1 min read
EconomyReported
Pound's Surprise 2026 Rally Faces Test as BOE Turns Dovish and Peers Hike Rates
The British pound has emerged as a standout performer among G10 currencies this year, but a more cautious Bank of England and an upcoming budget could challenge its momentum, according to a CNBC report.
· 2 min read
EconomyReported
Economist Says Bank of England Faces Difficult Trade-Off Amid Global Bond Shock
In a letter to The Guardian, Professor Costas Milas argues that the current rise in UK bond yields presents a complex challenge for the Bank of England ahead of its September interest rate decision.
· 2 min read