Bank of England's Monetary Policy Committee member Megan Greene stated on Friday that central bank officials have "no idea" what US tariffs will look like "when the dust settles.""We are not sure if weakness in the UK economy is caused by demand or supply ... We are more worried about supply and...
Bank of England Governor Andrew Bailey told CNBC on Thursday that the central bank is focused on the possible "growth shock" from tariffs imposed by the administration of United States President Donald Trump, but noted he doesn't think the United Kingdom is close to a recession at the...
Bank of England Governor Andrew Bailey said on Wednesday that, seeing as the United Kingdom is an "open economy," its relations with the United States are not the only thing that matters, but also the US relations with the rest of the world."The UK is a very open economy, and therefore, it's not...
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...
The Bank of England (BoE) noted in the Financial Policy Committee's (FPC) report published on Wednesday that the global economic uncertainty "intensified" as the tariffs United States President Donald Trump imposed on other countries and specific industries decreased the prices of global...
Bank of England (BoE) Monetary Policy Committee member Megan Greene said on Tuesday that there is now more slack in the British labor market but that wage growth is not slowing down quickly enough and it remains "above what our models can explain."Greene said inflation expectations are still...
Bank of England Governor Andrew Bailey stated Monday that the UK is not expected to return to its 2% inflation target until 2027.Speaking at the University of Leicester, Bailey addressed the long-term challenges facing economic growth and monetary policy, pointing to persistent weak...
This week was defined by rising geopolitical tensions and defensive market movements amid growing global uncertainty.
The US Federal Reserve lowered its 2025 growth forecast to 1.7% and raised its inflation projection to 2.7%, citing the economic impact of President Donald Trump's new...
The Bank of England (BoE) Monetary Policy Committee (MPC) announced on Thursday its decision to keep its headline bank rate the same at 4.5%, as predicted.The decision was passed after an 8–1 vote, with one member of the MPC advocating a cut of 0.25 percentage points. The rest considered...
The Bank of England (BoE) will be making its next monetary policy move on Thursday with analysts expecting it to hold its interest rates at 4.5%. The bank has been acting in what it described as a "careful" and "gradual" manner. Its first interest rate cut since 2020 came last year, in August. Since...
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