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The Bank of England paused rate cuts at 4.25%, reflecting caution amid weakening UK growth and labor market data. Check out what investors need to know.
Investors will focus on U.S. inflation data for June as they look to judge whether the Federal Reserve is likely to cut ...
That, in a nutshell, is the problem. Central banks are still haunted by the most recent inflation spike, which economists everywhere – myself included – failed to predict.
The bank said it was focused on risks from a weaker labor market and higher energy prices as conflict in the Middle East escalates.
It comes ahead of the Bank of England 's interest rate decision tomorrow, when it will decide whether to hold or cut rates.
The Bank of England is set to keep rates on hold next week, sticking with its gradual approach to cuts after a reduction in May, but investors will look for hints on whether a slowing economy and ...
Inflation eased to an annual rate of 3.4% in May, according to official figures released this morning, but the Bank of England is still widely expected to leave interest rates on hold.
The EUR/GBP cross trades with mild gains near 0.8625 during the early European session on Thursday. Optimism around the ...
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Cyprus Mail on MSNUK economy shrinks again in May, fuelling fears of stalled recoveryBritain's economy contracted unexpectedly for a second month running in May, official data showed on Friday, compounding ...
The Bank of England (BoE) has kept interest rates untouched at 4.25% amid geopolitical uncertainty and surging food and oil prices. Members of the Monetary Policy Committee (MPC) voted by 6-3 to keep ...
A member of the Bank of England's monetary policy committee (MPC) said Threadneedle Street has found itself in an "uncomfortable place" in terms of the future prospects of inflation and growth, as ...
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