BoE Raises Interest Rates to 2.25%, Seventh Consecutive Hike Amid Record Inflation
Today, the Bank of England announced a 0.5% increase in interest rates, bringing them up to 2.25%. This is...
Bank of England
BoE Delays Interest Rates Decision Amid National Mourning for Queen Elizabeth II
In a surprising move, the Bank of England has postponed its interest rate decision by one week due to...
Inflation Hits 40-Year High: Food Prices Soar Amid Rising Costs for Retailers and Consumers
Inflation hits a new 40-year high of 10.1% in July, according to the Office for National Statistics, with food...
Online Retail Sales Show Slight Improvement Amid Women’s Euro and Heatwave
In July 2022, online retail sales growth dipped -2.3% year-on-year, a slight improvement from the previous mild decline in...
UK Recession Aversion Claim by Liz Truss Amid Bank of England Predictions
Foreign Secretary Liz Truss claims she can prevent a recession if elected as Prime Minister during an interview with...
BoE Hikes Rates and Predicts UK Recession Amid Inflationary Pressures
In a major move, the Bank of England raises interest rates to 1.75%, the largest increase since 1995, amidst...
BoE Increases Interest Rates to 1.25% Amid Inflation Concerns and Economic Uncertainty
The Bank of England's Monetary Policy Committee has raised interest rates for the fifth consecutive time to 1.25%, as...
UK Consumer Confidence Hits Record Low Amid Inflation and Unemployment
UK consumer confidence hits record low as inflation and unemployment rise, according to GfK's Consumer Confidence Index. The index...
Bank of England Hikes Interest Rates Amid Soaring Inflation
In a bid to curb rampant inflation at its highest level since 2009, the Bank of England has raised...
BoE Raises Interest Rates Amid Global Inflation Concerns and Ukraine Conflict Impact
In response to rising living costs and global economic turmoil, the Bank of England has increased interest rates to...