BOE’s Greene Says Key Rate Must Remain Restrictive to Tame Inflation
Supply constraints rather than soft demand caused recent weakness in the U.K. economy, suggesting to BOE member Megan Greene ...
Shock for UK as Bank of England halves its economic growth prediction
The BoE's predictions follow its decision on Thursday to cut its main interest rate for the third time in six months. The ...
Money blog: Liam Gallagher reacts to Oasis fans whose tickets have been cancelled
Liam Gallagher responds to Oasis fans seeing their tickets cancelled, phone users have been warned to check half-term roaming charges - and we're relaunching our Women in Business series, where we ...
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Interest rates could have been cut more says senior economist
Last week the rate was cut from 4.75% to 4.5% with the prevailing wisdom suggesting that the threat of a return to higher ...
UK interest rates are too restrictive
At 4.5 per cent, the bank rate is well above most estimates of the so-called neutral rate, the point at which monetary policy is neither expansionary nor contractionary. Inflation is close to target, ...
Bank of England chief fuels hopes of faster interest rate cuts
Catherine Mann, a member of the rate-setting Monetary Policy Committee, insisted a predicted rise in prices would likely just ...
Bank of Canada Adds Second Outsider to Rate-Setting Council
The Bank of Canada has appointed Michelle Alexopoulos to the central bank’s second outsider position, expanding its ...