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Today: March 25, 2025
Today: March 25, 2025

Bank of England

Business|Economy|Europe|Finance|Political

Bank of England's Dhingra says policymakers divided over rate-cut pace

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

Bank of England's Dhingra says policymakers divided over rate-cut pace
Business|Economy|Europe

UK firms seek fewer staff but offer higher salaries, Adzuna says

British employers advertised the fewest jobs for the month of January in four years last month but salaries continued to rise strongly, according to figures published on Monday that

UK firms seek fewer staff but offer higher salaries, Adzuna says
Business|Economy|Europe|Finance

UK economy readings underscore Bank of England's dilemma

A flurry of often contradictory UK economic data and surveys this week has left the Bank of England none the wiser about whether Britain's economy is more at

UK economy readings underscore Bank of England's dilemma
Business|Economy|Europe

UK inflation jumps more than expected in January, testing the BoE's outlook

British inflation sped up by more than expected to hit a 10-month high of 3.0% in January and is likely to rise further soon, testing the

UK inflation jumps more than expected in January, testing the BoE's outlook
Business|Economy|Europe|Finance|Political

BoE's Bailey hopes for less bond market volatility driven by US tariffs

Bank of England Governor Andrew Bailey said on Tuesday he wanted to see less volatility in medium and longer-dated bond yields that have been driven up by speculation about the trade

BoE's Bailey hopes for less bond market volatility driven by US tariffs
Business|Economy|Europe|Finance|Political

UK's accelerating wage growth highlights BoE's inflation caution

British pay growth accelerated in late 2024, according to data that suggested the jobs market was holding up and underscored why the Bank of

UK's accelerating wage growth highlights BoE's inflation caution
Business|Economy|Europe|Finance

Bank of England's Bailey says inflation is slowing, 2025 jump will not last

Bank of England Governor Andrew Bailey said in an interview published on Monday that inflation was slowing and an expected pick-up in price growth later this year was unlikely to

Bank of England's Bailey says inflation is slowing, 2025 jump will not last
Business|Europe|Finance|Stock Markets

Global equity funds draw inflows on European rally

Global equity funds attracted significant inflows in the week ending February 12, after a Bank of England rate cut drove a rally in European shares, although caution over U.S.

Global equity funds draw inflows on European rally
Business|Economy|Europe|Political

UK economy unexpectedly picked up in late 2024, outlook for 2025 still 'sluggish'

Britain's economy unexpectedly grew by 0.1% in the final quarter of last year, official figures showed on Thursday, offering some respite from the

UK economy unexpectedly picked up in late 2024, outlook for 2025 still 'sluggish'
Business|Economy|Europe|Political

UK economy ekes out modest growth in final quarter of 2024 after strong December

The British economy managed to eke out quarterly growth of 0.1% in the final quarter of 2024 following a stronger than anticipated performance in December

UK economy ekes out modest growth in final quarter of 2024 after strong December
Business|Economy|Europe|Finance

Bank of England's Pill 'cautious' about further rate cuts

The Bank of England needs to move cautiously with cutting interest rates because the long process of wrestling down inflation is not yet

Bank of England's Pill 'cautious' about further rate cuts
Business|Economy|Europe|Finance

Bank of England to cut interest rates only twice more, NIESR predicts

Britain is set for solid growth and falling inflation this year but the Bank of England has little scope to cut interest rates further, the NIESR think tank

Bank of England to cut interest rates only twice more, NIESR predicts
Business|Economy|Europe|Finance|Political

Bank of England's Bailey warns of backlash against regulation

The cost of the 2008 global financial crisis (GFC) should not be forgotten during a backlash against the burden of financial regulation, Bank of England Governor

Bank of England's Bailey warns of backlash against regulation
Business|Economy|Europe|Finance

Bank of England's Mann says no to 'cut, cut, cut' on rates

Bank of England policymaker Catherine Mann said on Tuesday that her unexpected vote for a half percentage-point cut in interest rates last week did not mean she

Bank of England's Mann says no to 'cut, cut, cut' on rates
Business|Economy|Europe|Finance|Political

Bank of England's Mann sees consumer pricing near target in year ahead, FT reports

Bank of England policymaker Catherine Mann said companies will struggle to raise prices this year as consumers are hit by job losses and spending softens, the Financial Times reported on

Bank of England's Mann sees consumer pricing near target in year ahead, FT reports
Business|Economy|Europe|Finance

UK vacancies weakest since 2020 and pay growth cools, survey shows

Britain's jobs market showed further signs of cooling at the start of the year as demand for staff fell by the most since mid-2020, according to a survey that suggested the

UK vacancies weakest since 2020 and pay growth cools, survey shows
Business|Economy|Europe|Finance

Stronger wage growth justifies caution on rates, says BoE's Pill

Bank of England Chief Economist Huw Pill said on Friday that an expected rise in inflation this year would probably not lead to second-round price

Stronger wage growth justifies caution on rates, says BoE's Pill
Business|Economy|Finance|Political|US|World

The world’s second-largest gold storage suddenly has very long lines to withdraw bars

The world’s second-largest gold storage suddenly has very long lines to withdraw bars

The world’s second-largest gold storage suddenly has very long lines to withdraw bars
Business|Economy|Europe|Finance

Bank of England halves UK growth projection and cuts main interest rate to 4.50%

The Bank of England halved its growth projection for the British economy this year as it cut its main interest rate for the third time in six months

Bank of England halves UK growth projection and cuts main interest rate to 4.50%
Business|Economy|Europe|Finance|Political

Bank of England cuts rates and growth outlook, sees inflation 'bump'

The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, but the BoE said it would

Bank of England cuts rates and growth outlook, sees inflation 'bump'
Business|Economy|Finance|Stock Markets|US

Bonds defused, stocks bounce, BoE cut expected

A look at the day ahead in U.S. and global markets from Mike Dolan With tariff tensions easing a touch for now and price pressures coming off the boil, U.S.

Bonds defused, stocks bounce, BoE cut expected
Business|Economy|Europe|Finance|Stock Markets

Bank of England cut rates again, sterling falls

The Bank of England cut interest rates by a quarter of a percentage point on Thursday, judging a sharp upward revision to its inflation forecasts for this year will prove temporary.

Bank of England cut rates again, sterling falls
Business|Economy|Europe

UK firms trim wage growth expectations, BoE survey shows

British companies' expectations for wage growth fell marginally in January and expectations for employment growth also declined in part due to a looming increase in payroll taxes, a

UK firms trim wage growth expectations, BoE survey shows
Business|Economy|Europe|Finance|Stock Markets

STOXX 600 hits record high on robust earnings, focus on talk of Ukraine peace plan

European shares closed at an all-time high on Thursday, with mining companies in the lead following a raft of upbeat earnings reports, while investors

STOXX 600 hits record high on robust earnings, focus on talk of Ukraine peace plan
Business|Economy|Europe|Finance|Stock Markets

Focus swings back to rate moves, company earnings

A look at the day ahead in European and global markets from Rae Wee Investors in Europe will wake up to an action-packed Thursday spanning a rate decision from the Bank of England (BoE) and a flurry

Focus swings back to rate moves, company earnings
Business|Economy|Europe

UK construction activity tumbles in January, hit by housebuilding, PMI shows

Activity among British construction firms shrank sharply in January, marking the first contraction in almost a year, according to a survey published on Thursday

UK construction activity tumbles in January, hit by housebuilding, PMI shows
Business|Economy|Europe|Finance

UK inflation expectations fall in January, Citi/YouGov survey shows

British households' expectations for inflation ended a run of increases and fell in January, according to a monthly survey published by Citi and YouGov on Thursday.

UK inflation expectations fall in January, Citi/YouGov survey shows
Business|Economy|Europe|Finance|Political

Bank of England poised to cut rates but inflation worries linger

The Bank of England looks set to cut interest rates on Thursday for only the third time since just after the start of the COVID-19 pandemic in 2020, as it

Bank of England poised to cut rates but inflation worries linger
Business|Economy|Europe|Finance|Political

Zero to hero? UK narrative switches yet again: Mike Dolan

From the Western world's biggest economic car crash to an emerging bridge between trade-warring superpowers, Britain's shifting 2025 narrative is hard to keep up with.

Zero to hero? UK narrative switches yet again: Mike Dolan
Business|Economy|Europe

UK services firms speed up job cuts but price pressures strong, PMI shows

British services firms lost momentum last month as a looming rise in employer taxes led to the fastest job cuts in four years but price pressures remained strong, according to a

UK services firms speed up job cuts but price pressures strong, PMI shows
Economy|Europe|Finance|Political|Stock Markets

UK bond yields fall as Trump tariffs cause slowdown fears

Investors added to bets on the Bank of England cutting interest rates and short-term government bond yields hit a three-month low as global markets braced for a hit

UK bond yields fall as Trump tariffs cause slowdown fears
Business|Economy|Europe

UK factory activity contracts for fourth straight month in January, PMI shows

British factories reported another tough month in January as output, new orders and employment all fell, with companies hit by higher costs even before payroll

UK factory activity contracts for fourth straight month in January, PMI shows
Business|Economy|Europe|Finance|Political|Stock Markets|Technology|US

Big Trump tariffs are here

U.S.

Business|Economy|Europe|Finance

UK mortgage lending rises by most since September 2022

British lenders approved more mortgages than expected in December and net mortgage lending volumes rose by the most in more than two years, according to Bank of England data that

UK mortgage lending rises by most since September 2022
Business|Economy|Europe|Finance

Bank of England readies rate cut and could hint at more to come

The Bank of England looks likely to cut interest rates next week, when it could also nudge investors to expect faster reductions than they currently predict as the economy

Bank of England readies rate cut and could hint at more to come
Business|Economy|Europe|Finance|Political

BoE's Bailey 'optimistic' about new capital rules, despite US concerns

Bank of England Governor Andrew Bailey said he was optimistic that tougher global bank capital rules would ultimately come into force despite

BoE's Bailey 'optimistic' about new capital rules, despite US concerns
Business|Economy|Europe|Finance|Stock Markets

London gold market queues up to borrow central bank gold after big shipments to US, sources say

London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge in gold deliveries to the United States

London gold market queues up to borrow central bank gold after big shipments to US, sources say
Business|Economy|Europe|Finance

Bank of England launches tool to calm gilt market in times of distress

The Bank of England launched on Tuesday a new financial stability tool that insurers and pension funds can use during periods of turbulence in Britain's government bond market.

Bank of England launches tool to calm gilt market in times of distress
Business|Economy|Europe|Political

UK employers target wage bill to offset tax hikes as gloom persists

A clear majority of British businesses look set to cut the size of pay awards for staff in response to coming tax hikes and they remain pessimistic about the outlook for the

UK employers target wage bill to offset tax hikes as gloom persists
Business|Economy|Europe|Finance|Political

Slow UK growth ticks up in January but price pressures climb, PMI shows

Tepid growth across British businesses edged up at the start of 2025 but employment and optimism contracted again and price pressures rose, according to a survey that

Slow UK growth ticks up in January but price pressures climb, PMI shows
Business|Economy|Europe|Finance

Stumbling growth and stubborn inflation: the BoE's rate cut challenge

The Bank of England must contend with a slowdown in Britain's economy but also stubborn inflation pressures when it considers whether to cut

Stumbling growth and stubborn inflation: the BoE's rate cut challenge
Business|Economy|Finance|Political|Stock Markets

BoE could slow QT to hold off bond vigilantes 

Bond vigilantism has returned to Britain, raising the prospect that the government will be forced to consider politically toxic tax rises or public spending cuts to

BoE could slow QT to hold off bond vigilantes 
Business|Economy|Europe|Finance|Political

Bank of England says it is open to pro-growth bank reforms

The Bank of England (BoE) is open to discussions with Britain's government about new ways to help boost economic growth by paring back regulatory requirements for the financial

Bank of England says it is open to pro-growth bank reforms
Business|Economy|Europe|Finance

UK home asking prices show biggest early-year rise since 2020, Rightmove says

Average asking prices for newly listed homes in Britain had their biggest start-of-the-year increase since 2020 but uncertainty about the pace of interest rate cuts is hanging over

UK home asking prices show biggest early-year rise since 2020, Rightmove says
Business|Economy|Europe|Finance|Stock Markets

Europe's shares in longest weekly winning streak for almost five months

European shares ended on a positive note on Friday, benefiting from a broad-based rally which was fuelled by declining government bond yields and

Europe's shares in longest weekly winning streak for almost five months
Business|Economy|Europe|Finance|Political

UK to have third-strongest G7 growth in 2025, IMF forecasts

Britain is set to have the fastest growth among major European economies this year, according to the International Monetary Fund, a

UK to have third-strongest G7 growth in 2025, IMF forecasts
Business|Economy|Europe|Finance|Political|Stock Markets

UK delays Basel bank rules by a year, EU says it's weighing options

The Bank of England said on Friday it would delay tougher bank capital rules by a year to January 2027 to get clarity on what the United States will do under Donald

UK delays Basel bank rules by a year, EU says it's weighing options
Economy|Europe|Finance|Political|Stock Markets

UK borrowing cost spike evaporates, in boost for Reeves

British government bonds rallied for a third day running on Friday, all but wiping out a sharp spike in yields since the start of the year that had briefly prompted

UK borrowing cost spike evaporates, in boost for Reeves
Business|Economy|Europe|Finance

UK retail sales shrink unexpectedly in December, adding to glum data

British retail sales fell unexpectedly in December, according to data on Friday that raised the risk of an economic contraction in the fourth quarter,

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