It marks the apex bank’s second reduction of 2024, after it began its easing cycle in August
Bank of England
UK real estate sees surges in buyers after Bank of England cut interest rate from 16-year high: Report
Financial markets on Friday priced in at least one, and probably two, further quarter-point rate cuts this year
Bank of England keeps interest rates unchanged for first time since December 2021
It was the first time since December 2021 that the BoE did not increase borrowing costs
Bank of England admits it got wrong on recession
The bank’s monetary policy committee now sees the path of demand to be “materially stronger” than in its February Report
UK seeks to tap Middle East buyer for Silicon Valley Bank
The Bank of England announced late on Friday that it planned to use its bank insolvency procedure to resolve Silicon Valley Bank UK
Europe’s largest economies record boost in business activity
In the 20-nation euro zone, activity rose at the fastest pace since May 2022
Bank of England warns UK to enter longest ever recession
The raised interest rates by the Bank of England is the biggest hike since 1989
In pictures: Rising food and energy prices drive UK inflation back to a 40-year high
The governor of the Bank of England Andrew Bailey has said that a “stronger response” may be needed to get a handle on price rises
UK records 40-year high inflation at 10.1 percent amid soaring cost of living
The rise in inflation intensified largely due to increase in food prices, household spending, including surge in market prices of electricity, gas and petrol.
UK’s Bank of England would ‘have to raise’ interest rates to confront ongoing inflation
UK’s inflation is the result of the resumption of the global economy post-pandemic and also due to the ongoing Ukraine-Russia conflict
Inflation in UK rockets to 30-year high as commodity prices soar
Rising costs are outpacing wages, putting a squeeze on the UK’s most at risk
Video: Bank of England’s Andrew Bailey on the bank’s Covid-19 intervention
The governor of the UK’s central bank tells the FT how its $242bn programme of creating money and buying back bonds has smoothed the economic shock of the pandemic, and answers conference viewers’ questions on emergency measures taken since the March outbreak.
UK’s Javid pledges major policy response to a no-deal Brexit
Chancellor of the Exchequer Sajid Javid said the central bank may have to cut rates even if the UK avoids a no-deal outcome
Could cryptocurrency dethrone the dollar?
Bank of England governor Mark Carney aired vague proposals for a so-called ‘Synthetic Hegemonic Currency’ at the recent Jackson Hole Symposium of central bankers
How should we really remember Tony Blair?
Despite often being dubbed ‘Britain’s most hated man’, there may still be room for Blair to be remembered in a positive light
London launches search for new Bank of England boss
Finance minister Philip Hammond praised Carney as a ‘steady hand’ who steered the economy through ‘a challenging period’ following Britain’s 2016 Brexit vote
Video: Is London’s property market in crisis?
London market is now facing the prospect of higher taxes and a warning from the Bank of England that UK home values could fall as much as 30%.