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Bank of England governor backs chancellor's plans after rate cut
Bank of England governor Andrew Bailey said he is a supporter of the Chancellor's long-term growth plans announced last week ...
Back to the 70s nightmare: Labour's Britain faces a new era of rising inflation, flatlining growth and stagflation, the Bank of England warns
A hundred days on from the Budget, the Bank slashed its prediction for UK growth this year by half, to just 0.75 per cent, ...
Bank of England’s top economist dismisses hopes of big interest rates cuts in further blow to Rachel Reeves
Rachel Reeves has suffered another blow in her bid to boost tepid economic growth after the Bank of England played down the idea of a big interest rate cut later this year. At such a critical moment ...
FTSE falls and Wall Street heads lower as US job creation slows in January
US stocks traded lower after fresh data showed the economy added 143,000 jobs in January, fewer than the 175,000 expected by ...
Bank of England chief dismisses inflation as 'upward blip' and 'unlikely' to impact everyday prices
The Bank of England's chief economist Huw Pill said that despite forecasts of inflation climbing to 3.7% in the second half ...
Interest rates: Why have they been cut and what does it mean?
The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.
Week in Business: Growth hammer blow means Reeves must change course
Low growth and high inflation means the economy can't afford the government's policies and Reeves must reconsider her looming ...
Stagflation: Chancellor Rachel Reeves faces mess of her own making
Chancellor Rachel Reeves suffered a major blow after the Bank of England slashed its growth forecasts for this year.
Andrew Bailey lays bare the damage of Reeves’s broken promises
Rachel Reeves promised businesses time and time again before the election that she was on their side. As part of her Mais ...
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Three more base rate cuts expected this year
The markets expect there to be three more base rate cuts this year, which means it should be down to 3.75% by the close of ...
How flawed data is leaving the UK in the dark
Trouble at the Office for National Statistics means policymakers cannot rely on key economic numbers, including on employment ...
CNBC Daily Open: Global central banks are cutting rates — the Fed might not be as inclined
Many economies seem to be settling into a lower-rate environment. That’s in stark contrast with the Federal Reserve, which has to deal with volatile policies.