Topic

Bank of England

The UK’s central bank, which sets interest rates to keep inflation near its 2% target and oversees the banking system.

Democratic victory sparks rethinking of global interest rate trajectory

The U.S. Democratic Party’s strong showing in the midterm elections is prompting market analysts to reassess the potential for future interest rate increases worldwide. While uncertainties remain regarding oil prices, economic growth, and fiscal policies, the election results have already triggered shifts in financial markets.

Nov. 6 · TheBizNews desk 2 min read

Economy

Bank of England rate hike sparks concern amidst ongoing financial strain

The Bank of England’s decision to raise interest rates to 4% is drawing criticism as households grapple with a second cost of living crisis in just four years.

Nov. 5

Economy

Bank of England increases interest rates, forecasts inflation surge

The Bank of England implemented a 25 basis point increase to its key interest rate, bringing it to 4%, on Thursday.

Nov. 5