inflation, Bank of England

UK inflation spikes to a 10-month high, likely to worry the Bank of England
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.
U.K. Inflation Reaches 10-Month High, Complicating Bank of England’s Rate Path
Consumer prices were 3.0% higher in January than a year earlier, up from 2.5% in December, complicating the picture for the BOE after it said it would cut interest rates gradually.
Bank of England's Bailey says inflation is slowing, 2025 jump will not last
Bank of England Governor Andrew Bailey said in an interview published on Monday that inflation was slowing and an expected pick-up in price growth later this year was unlikely to embed longer-term inflation pressures in the economy.
Bank of England cuts interest rates to 4.5%
The Bank of England has cut interest rates to 4.5%, down from 4.75%. That means the interest rate is at its lowest level since June 2023, meaning the cost of borrowing has fallen to its lowest point in more than 18 months.
Bank of England halves UK growth projection and cuts main interest rate to 4.50%
The Bank of England is widely expected to cut interest rates for the third time in six months later Thursday even though inflation remains above its target.
UK services inflation lower than expected in boost for Bank of England
UK headline inflation is back at 3%, up from 2.5%, after briefly dipping below the Bank of England’s 2% target last Autumn. That’s a tad higher than expected, though almost entirely because of a near-1% month-on-month increase in food prices,
UK inflation rate jumps to 3% in January
Take a look at the below to see how inflation has changed over the last several years - the red dotted line signals the Bank of England's target to keep it at 2%. The Bank considers inflation when weighing up whether to raise or lower interest rates,
Bank of England’s Gold-Diggers Grapple With Trump-Fueled Frenzy
In a subterranean vault deep under the streets of the City of London, a small team is rushing to keep up with traders’ orders ...
Britons cheer up a bit, helped by Bank of England rate cut, survey shows
British consumers turned a little less pessimistic this month as the Bank of England's latest interest rate cut led to an ...
Lloyds, Barclays, NatWest savers told of 7% rates after Bank of England move
Loyal savers with big name banks such as Barclays, Lloyds Bank and NatWest have been urged to look around for a better deal.
U.K. Wages Gather Pace, Complicating Bank of England’s Task Ahead
Wages grew at a faster rate in the U.K. at the end of last year, posing a potential headache for the Bank of England after it ...
Fact check: Rachel Reeves worked for the Bank of England over five years
Ms Reeves, 46, spent five-and-a-half years working for the Bank of England between 2000 and 2006. A LinkedIn page which ...
The Bank of England isn’t coming to save Rachel Reeves – no one is
Will the Bank of England save the day? It’s an odd question, recent history considered. Threadneedle Street has been playing a long game of catch-up: hiking rates far too late to curb the inflation ...
Gold rush: Why JPMorgan, HSBC are pulling bullion from Bank of England
The current flood of gold shipments has created bottlenecks in London with the Bank of England struggling to keep up with ...
Tesco Bank expert urges savers to set up feature now 'to save up faster'
Savers may be wondering if they could get a better interest rate as the Bank of England recently dropped the base rate again ...