The rate of annual inflation was 3.6% in June, up from 3.4% in May. Economists polled by The Wall Street Journal had expected ...

Major Wall Street brokerages have withdrawn their expectations for a September interest rate cut by the Bank of England, as ...

Major Wall Street brokerages have retracted forecasts for a September interest rate cut by the Bank of England as inflation ...

WORKERS’ pay across the UK has slowed as businesses face increased staffing costs making an interest rate cut “more likely”.

In the UK, a sizable upward revision to May's payroll data, combined with hotter-than-expected inflation data, takes some of ...

Inflation shows how the price of goods and services have changed over time and the Bank of England is set a target of keeping ...

Bank of England policymaker Catherine Mann said on Tuesday that inflation pressures remained a challenge despite a fall in ...

LONDON (AP) — UK inflation rose to a near 18-month high in June as food prices surged for the third month running, official figures showed Wednesday. Economists said the unexpected increase could ...

Inflation climbs above Bank of England target in first rise of 2024 - While inflation hit 2.2% in June, signs of easing pressure in the services sector fuelled hopes of more rate cuts by the Bank.

The Bank of England is hiking interest rates in an effort to fight surging prices even as the Omicron variant engulfs the United Kingdom and threatens to put the economy into reverse.

The Bank of England is not the only central bank to have come under pressure. Others, including the Federal Reserve and the European Central Bank, were criticized for predicting that inflation in ...