Bank of England Deputy Governor Dave Ramsden said on Friday that he saw risks to the BoE's inflation target as being two-sided, rather than skewed downwards as before, though he noted that BoE rate cuts did not necessarily need to be slow.
The Bank of England’s recent interest rate cut and accompanying economic forecasts have prompted a flurry of conflicting views about where monetary policy is heading, raising the question of how BoE-watchers should "read" the committee’s actions in these uncertain times.
Elon Musk at the first meeting of President Trump’s Cabinet defended his email demanding all federal workers report their accomplishments to his office, calling it a “pulse check” and saying anyone with a heartbeat and neurons could complete it. Musk said he asked all federal employees to send emails listing their accomplishments in order t…
British home prices will rise faster than previously expected this year, but the increase will be outpaced by surging rental costs as demand outstrips supply, a Reuters poll found.
Livestreaming the national gold stash would be a spectacle. But there’s a deeper question. No matter what they find in Fort Knox, will anyone care?
Then there’s the UK’s motor finance sector, where lenders have been accused of charging excessive interest rates on car loans. This could lead to compensation claims of up to £44 billion, making it potentially one of the biggest consumer finance scandals since payment protection insurance (PPI).
Bank of England policymakers do not have a consensus about how fast the central bank should cut interest rates, even though they all agreed to use the word "gradual", Monetary Policy Committee member Swati Dhingra said on Monday.
The physical moves have drawn market attention, with gold prices hitting a record high just below $3,000 a troy ounce.
Inflation could hit 4 per cent this year if the Bank of England's forecasts only slightly exceed expectations. Yesterday, inflation unexpectedly jumped to 3 per cent in January, hitting its highest level in 10 months and higher than the 2.8 per cent financial markets had forecast.
Experts advise those with fixed-rate mortgages expiring soon to lock in a new deal at least three months in advance to avoid potential hikes. Borrowers could also consider tracker mortgages, which follow the Bank of England base rate – but these carry the risk of rising if rates don’t come down.
Dozens of high street banks and building societies have slashed rates on savings products, in a swift response to the Bank of England’s (BoE) decision to lower the base rate earlier this month. Nearly 40 providers have either reduced their rates or withdrawn products altogether,
The Bank of England has announced the launch of a $2.25 billion, three-year dollar-denominated bond. This move is part of the bank's strategy to finance foreign currency reserves. The bond will mature on February 26,