Bank holds interest rates at 0.75% after August hike
The Bank of England has kept interest rates on hold at 0.75% after August’s hike, but it confirmed further increases are likely to be needed to rein in inflation.
Bank of England
Bank set to hold rates at 0.75% after August hike
Bank of England policymakers are set to sit tight on interest rates on Thursday after last month’s milestone hike and following encouraging news on the economy.
Bank set to hold rates at 0.75% after August hike
Bank of England policymakers are set to sit tight on interest rates next week after last month’s milestone hike and amid a mixed performance across the economy.
Pound spikes after reports of Brexit breakthrough
Sterling jumped on Wednesday afternoon following reports that Britain and Germany are preparing to drop key Brexit demands, paving the way to a deal in the coming months.
Carney confirms he is willing to extend his term as Bank of England chief
Bank of England Governor Mark Carney has confirmed he is in talks with the Treasury over extending his tenure as he pledged to do “whatever” he can to support the UK through Brexit.
Treasury plays down reports Government asked Carney to stay at Bank of England
The Treasury has played down reports suggesting that Mark Carney is being asked to remain as Bank of England Governor until 2020.
Raab pledges ‘unilateral action’ to keep trade and transport flowing in no deal
Britain would take “unilateral action” in the event of a no-deal Brexit to keep trade and transport flowing freely, Dominic Raab is set to pledge.
Axing 1p and 2p coins would not push up inflation, say Bank of England economists
Bank of England economists have waded into the debate over the future of 1p and 2p coins after claiming that scrapping coppers from circulation would not push up inflation.
British jobs will be wiped out by artificial intelligence, warns Bank chief
Artificial intelligence has the potential to wipe out thousands of British jobs, the Bank of England’s chief economist has warned.
Persimmon to release first-half results following Bank rate rise
Persimmon will unveil results for the first half of the year this week, with investors keen to hear management’s view on whether the increase in interest rates is starting to impact sales.
Inflation rises for the first time since November
Inflation rose last month, largely due to higher transport costs, new official figures show.
Inflation forecast to pick up for first time since November
Inflation is predicted to rise for the first time since November when official figures are released on Wednesday, hitting consumers in the pocket.
Treasury drawing up job ad for new Bank of England boss as Carney heads for exit
The Treasury is putting the finishing touches to a job advert for the next Bank of England Governor as it prepares the ground for Mark Carney’s successor.
Bank of England’s latest rate hike under microscope after UK GDP data released
The rebound in second-quarter UK growth was in line with Bank of England forecasts, but economists have raised questions over whether last week’s rate hike was justified.
Pound continues slide as Britain stares into Brexit abyss
The pound continued its downward slide on Thursday as fears of a no-deal Brexit continued to pile pressure on the British currency.
Mark Carney’s cautious outlook weighs on sterling
The pound slumped during trading on Thursday, despite the Bank of England raising interest rates to the highest level since 2009.
Why has the Bank raised rates and what will happen next with borrowing costs?
The Bank of England’s move to hike interest rates marks only the second increase since the financial crisis and takes rates to the highest level for nearly 10 years.
Rates up to highest level since 2009 but Carney says policy must ‘walk, not run’
The Bank of England has increased interest rates to their highest level for nearly 10 years and said further “gradual” rises are on the cards.
Savers warned it could take months before they see much improvement to rates
Savers are being warned it could take months before they see much impact from the base rate hike to 0.75%.
Bank of England hikes rates to highest level since 2009
The Bank of England has increased interest rates to their highest level for nearly 10 years after the summer heatwave helped the economy bounce back from a snow-hit start to the year.