Gross domestic product increased 0.6 percent in the first quarter, after shrinking the two previous quarters.
Tag: Bank of England
Britain Shakes Off Recession as Economy Grows Faster Than Expected
Gross domestic product increased 0.6 percent in the first quarter, after shrinking the two previous quarters.
Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years
As the economy cools, pressure is building on the Bank of England to cut interest rates.
Bank of England Will Overhaul Its Forecasting After Inflation Surprises
The review, which was led by Ben S. Bernanke, a former Federal Reserve chair, came after the central bank had been criticized for underestimating inflation.
U.S. Leading Soft Landing for Global Economy
Economies all over the world are lowering inflation while avoiding serious recession — but growth in the United States stands out.
Bank of England Keeps Interest Rates at 5.25%, a 15-Year High
The Bank of England and European Central Bank both held their benchmark rates steady. Even though inflation has been slowing, they gave no indication of when rates would start to come down.
Bank of England Keeps Interest Rates Steady for First Time in Nearly Two Years
After 14 consecutive interest rate increases, the central bank’s long fight against persistent inflation in Britain is entering a new phase.
U.K. Inflation Rate Slows to 7.9 Percent
The larger-than-expected slowdown, led by motor vehicle fuel prices, offers some relief to the government and the Bank of England.
Rishi Sunak Is Still Haunted by Boris Johnson and Liz Truss
Boris Johnson’s misadventures still make headlines, but Prime Minister Rishi Sunak’s bigger problem is high inflation and soaring bond yields reminiscent of those that toppled Liz Truss.
Bank of England Raises Interest Rates to 4.5%, Highest Level in 15 Years
The central bank lifted its benchmark rate a quarter point, to 4.5 percent, as part of its aggressive policy to tame inflation, but forecast that Britain was likely to avoid a recession.