The U.K. central bank left its key interest rate unchanged, taking a more cautious approach than the Federal Reserve.
Catherine Mann, a member of the Bank’s rate-setting committee, raised concerns over inflation staying at its 2% target level.
Given uncertainty over the likely performance of the US economy and the Fed’s response, Mann suggested that the Bank needed ...
Workers’ demands for big pay rises risk prolonging the inflation crisis and forcing the Bank of England to keep interest ...
After years of low rates, high-yield savings accounts are having a moment as the Bank of England decided to keep interest ...
While the Fed cuts rates, the BoE stays cautious, and the BoJ holds steady. Discover how each central bank is tackling ...
The Money blog is your place for personal finance and consumer news. The pound is riding high against the dollar after two ...
A Bank of England policymaker has called for interest rates to remain higher for longer to tackle inflation risks in the UK ...
BoE governor says the central bank needed “to be careful not to cut too fast or by too much” as UK inflation stays above its ...
Tight monetary policy coupled with a penny-pinching fiscal agenda usually results in currency appreciation, and sterling is ...
Sterling edged up against the dollar and the euro on Friday, as strong UK retail sale data provided an extra boost to the ...
The Bank of England held its interest rate steady following its August cut, despite the U.S. Federal Reserve opting for a 50 ...