UK risks more persistent inflation than Europe, warns Bank rate setter
Britain had faced an inflation ‘double whammy’ with both a tight jobs market and a trade shock, Megan Greene said.
Tag: Bank of England
‘They think it’s all over’: Bank of England keeps interest rates on hold for first time in two years
"From here there’s a strong argument for the Bank taking a prolonged pause", Nicholas Hyett said.
Bank of England hikes interest rates for 14th time in a row
The Bank said that inflation risks are ‘crystallising’, but that inflation should drop to below 5% by the end of the year
The whole thing is a scam, says variable rate mortgage holder on interest hike
The Bank of England hiked the base interest rate for the 13th time in a row on Thursday in a move set to cause more pain for mortgage holders.
Bank of England set to raise interest rates again as high inflation sticks
Economists agree that the Bank is likely to raise interest rates on Thursday, and that more hikes are on the horizon.
Bank of England raises rates to highest level since 2008
Experts have warned of mortgage increases after the Bank of England hiked up interest rates to the highest level since 2008.
Bank tells Brits to buckle up for ‘longest recession in modern history’
The recession could last throughout 2023 and well into 2024.
Bank intervention prevented mass insolvencies of pension funds
Pension funds are natural buyers of long-dated gilts because they provide risk-free guaranteed income decades into the future.
Bank of England launches emergency gilt market operation to prevent borrowing costs from spiralling out of control
The Bank said: “Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability."