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Governor Andrew Bailey described it as a ‘finely balanced decision’ after MPC members were forced to hold a second vote.
The Bank of England (BoE) cut interest rates today but four of its nine policymakers – worried about high inflation – sought to keep borrowing costs on hold, suggesting the run of rate cuts might be ...
Halifax said on Thursday house prices were 2.4% higher compared with July last year, slowing from June's 2.7% increase. The housing market has settled after a rush to beat the expiry in April of a tax ...
It’s an era of unprecedented central bank dissension — and agreement is hard to find when the goals are in conflict.
The future of interest rate cuts is now “more uncertain” as the Bank of England suggested it was more worried about inflation ...
COMMENT: The flagging UK economy will get a badly needed boost from the Bank of England’s third rate cut of the year – but, ...
The Bank of England's recent interest rate cut led to a rise in British bond yields, boosting the pound. However, inflation ...
Stocks are rising on Wall Street, even as President Donald Trump's latest tariffs take effect on dozens of countries.
The number of Americans filing for jobless benefits rose modestly last week, but employers largely avoiding layoffs.
The Bank of England has cut its benchmark interest rate by 25 basis points to 4%. The vote was tight at 5 for and 4 against, with one member, Alan Taylor, ...
The Bank of England has cut its main interest rate by a quarter percentage point to 4%, as policy makers seek to bolster the ...