Bank of England

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Liz Truss is expected to be named leader of the governing Conservative Party and Britain's…

Central banks have ramped up their battle against runaway inflation, a necessary remedy that could have the adverse side effect of tipping countries into recession, analysts say. Just this past week, the US Federal Reserve announced its…

The Bank of England stuck to its gradual increases in interest rates on Thursday, as other…

The ONS estimated that this was the highest level since 1982, while it was the fastest measured rate since the data series began in 1989 The ONS estimated that this was the highest level since 1982, while it was the fastest measured rate…

SINGAPORE: The dollar began the week on a strong footing, buttressed by sharply rising U.S. yields and by investors' tilt toward safety as lockdowns in China, war on the edge of Europe and fear about higher interest rates sent a nervous…

The Bank of England sent a stark warning that Britain risks a double-whammy of a recession and inflation above 10 per cent as it raised interest rates on Thursday to…

LONDON - The Bank of England raised interest rates on Thursday for a third meeting running, as expected, but softened its language on the need for further increases from here. Eight out of nine members of the Monetary Policy Committee (MPC)…

LONDON—British households are facing the biggest fall in real incomes in 30 years as inflation gallops ahead of wage growth, a stark illustration of the challenge facing central banks as they try to tame prices without snuffing out…

LONDON—The Bank of England raised its key interest rate for a second consecutive meeting, moving further ahead of other major central banks as they grapple with soaring inflation. The rate-setting Monetary Policy Committee agreed to lift…