Bank of England
- World
Bank of England warns of longest recession in 100 yrs
London: The Bank of England has warned the UK risked being plunged into the longest recession in 100 years after it pushed up the cost of borrowing to 3 per cent in…
- Business
Bank of England makes biggest interest rate hike in 30 years
London: The Bank of England on Thursday raised the base rate of interest by 0.75 percentage points to 3 per cent, the single biggest increase in more than three decades, as it…
- World
Bank of England ‘will not hesitate’ to raise rates as pound falls
London: The Bank of England (BoE) said that it “will not hesitate to change interest rates as necessary” after the British pound plunged to its lowest level against the US dollar since…
- Business
Markets warn pound slump could lead UK interest rates to triple by next year
London: The plummeting value of the pound has sent the interest rate on government debts to a 12-year high, with money markets now predicting the Bank of England base rate could almost…
- World
UK PM race: Rishi Sunak issues stark inflation warning
London: The governing Conservative Party can kiss goodbye to winning the next UK general election, due around 2024, unless soaring inflation is brought under control fast, Rishi Sunak has warned on the…
- World
United Kingdom economy to shrink in 2023, warns Bank of England
London: The Bank of England’s latest forecasts show that there is a serious risk of the UK falling into recession, as it hikes interest rates in an attempt to tackle inflation, The…