The Bank of England (BoE) is expected to lower its key interest rate by 0.25 percentage points to 4.25% this Thursday, shifting course after holding rates steady at 4.5% in March. The move could reflect growing concern over how US tariffs, introduced by President Donald Trump, could hurt Britain's...
Deputy Governor of the Bank of England for Financial Stability Sarah Breeden stated on Thursday that it is "too early" to asses the overall impact of tariffs initiated by the United States on inflation in the United Kingdom.The latest tariff-related developments have a "material impact on economic...
The Bank of England (BoE) said on Thursday in a statement that, due to the recent market volatility, it will be auctioning not long maturity bonds but rather short ones on April 14."The Bank intends to reschedule the long maturity auction to the following quarter, in order to continue to reduce the APF...
Bank of England Governor Andrew Bailey underscored on Tuesday that the United Kingdom is at the moment experiencing an environment of "weak growth," stressing the challenge of pinpointing whether the slowdown stems from supply-side constraints or weak demand.Speaking at Bruegel, a...
Lloyds Banking Group plc CEO Charlie Nunn (pictured) told CNBC on Tuesday at the sidelines of the World Economic Forum in Davos that he expects the Bank of England to lower its interest rates three times this year."The UK remains a really attractive destination, and I think we can get the turnaround...
International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas said on Friday the Bank of England (BoE) is likely to maintain a steady course of monetary easing this year, with expectations of a rate cut each quarter.The financial agency projected Britain's economic growth to reach...
The Bank of England (BoE) provided an update on Tuesday regarding its exploration of a digital pound, revealing that no decision has been made on its potential launch.In the 'The digital pound and the payments landscape' document, the bank said that over the past year, significant progress has been...
Bank of England Deputy Governor for Financial Stability Sarah Breeden highlighted Thursday that the impact of past energy price shocks on inflation is diminishing.Speaking at the University of Edinburgh Business School, Breeden said these energy price hikes, which previously created downward...
External member of the Monetary Policy Committee of the Bank of England, Megan Greene, warned Thursday that inflation in the UK is proving to be "fundamentally more persistent" than expected.She pointed to a weak supply side of the UK economy and high services inflation, which remains...
Bank of England Monetary Policy Committee external member Swati Dhingra highlighted on Monday the uncertainty surrounding the UK’s economic outlook, noting that future inflation trends are difficult to predict due to various unpredictable factors.Speaking at the Bank of England Watchers'...
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