Bank of England keeps rates at 5.25% in ‘finely balanced’ decision; traders lift bets for August cut
LONDON — The Bank of England on Thursday opted to keep interest rates steady at its June meeting, but described…
UK inflation eases less than expected to 3.2% in March, sparking concerns of U.S.-style stickiness
Inflation in the U.K. eased to 3.2% in March from 3.4% in February, the Office for National Statistics said on…
UK economy posts 0.1% growth in February in further sign of recession rebound
LONDON — U.K. gross domestic product rose 0.1% in February, the Office for National Statistics said Friday, providing another sign…
Recession-hit Britain swings to economic growth in January, helped by construction bounce
LONDON — U.K. gross domestic product grew 0.2% in January, the Office for National Statistics said Wednesday, as construction output…
Divided Bank of England leaves policy unchanged, says interest rates are ‘under review’
LONDON — The Bank of England held interest rates steady at 5.25% on Thursday, with the announcement detailing the very divided…
Bank of England ends run of 14 straight interest rate hikes after cooler-than-expected inflation
LONDON — The Bank of England on Thursday ended a run of 14 straight interest rate hikes after new data…
UK inflation rate slides to 7.9% in June, below expectations
LONDON — U.K. inflation cooled significantly in June, coming in below consensus expectations at 7.9% annually. Economists polled by Reuters…
Bank of England surprises with 50 basis point rate hike to tackle persistent inflation
LONDON — The Bank of England on Thursday surprised markets with a 50 basis point hike to interest rates, its…
Bank of England hikes interest rates by 25 basis points after inflation surprises
LONDON — The Bank of England on Thursday hiked interest rates by 25 basis points as it grapples with persistent…
UK inflation rate breaks 3-month stretch of declines with surprise rise to 10.4%
U.K. inflation unexpectedly jumped in February, as food and energy bills continued to rise, placing further pressure on households. The…
