Pound ticks up after sliding on BoE cut and gloomy forecasts
The pound regained some ground on Friday after dropping on Thursday when the Bank of England cut interest rates and halved ...
Shock for UK as Bank of England halves its economic growth prediction
The BoE's predictions follow its decision on Thursday to cut its main interest rate for the third time in six months. The bank now predicts that the British economy will only grow by 0.75% this year, ...
CNBC Daily Open: Global central banks are lowering rates — the Fed might not be as inclined
Many economies seem to be settling into a lower-rate environment. That’s in stark contrast with the Federal Reserve, which ...
European markets set to open lower after reaching record high
European markets are set to climb down from record highs when trading resumes on Friday, as corporate earnings, monetary ...
Andrew Bailey lays bare the damage of Reeves’s broken promises
Rachel Reeves promised businesses time and time again before the election that she was on their side. As part of her Mais ...
How flawed data is leaving the UK in the dark
Trouble at the Office for National Statistics means policymakers cannot rely on key economic numbers, including on employment ...
US should support World Bank and IMF - Bank of England boss
The Governor of the Bank of England has urged continued US support for two major global economic institutions. Andrew Bailey ...
Back to the 70s nightmare: Labour's Britain faces a new era of rising inflation, flatlining growth and stagflation, the Bank of England warns
A hundred days on from the Budget, the Bank slashed its prediction for UK growth this year by half, to just 0.75 per cent, ...
Bank of England Governor Andrew Bailey answers YOUR questions from Rachel Reeves’ Budget to Trump’s trade war
THE Bank of England yesterday lowered interest rates from 4.75 per cent to 4.5, while halving its growth forecasts amid fears ...
BoE’s grim outlook highlights scale of the challenge for Rachel Reeves
The weak outlook underlines the challenge facing chancellor Rachel Reeves after she pledged that growth was the government’s number one mission. It raised fresh questions about the fiscal outlook, ...
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Bank of England halves UK growth projection and cuts main interest rate to 4.50%
The Bank of England halved its growth projection for the British economy this year as it cut its main interest rate Thursday for the third time in six months.
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Bailey Says Don't 'Put Too Much Weight' on BOE Voting
Bank of England Governor Andrew Bailey cautioned markets against reading too much into the vote split of its interest-rate ...