Representational image only. | Photo Credit: Reuters The Reserve Bank of India’s (RBI) rate-setting panel on April 3 started its three-day meeting amid expectations that the Central bank may go for 25 basis points hike in benchmark interest rate, probably the last in the current monetary tightening cycle that began in May 2022. Reserve Bank […]
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Bank of England logo is seen in this illustration. While economists expected prices to drop rapidly later this year, inflation is more than five times higher than the Bank of England’s 2% target. | Photo Credit: Reuters Britain’s inflation rate rose for the first time in four months in February, surprising analysts and increasing pressure […]
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The U.K. central bank may opt to raise rates by as much as 1 percentage point to show it is serious about tackling inflation The U.K. central bank may opt to raise rates by as much as 1 percentage point to show it is serious about tackling inflation The Bank of England has announced its […]
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The pound slumped to its lowest point against the dollar accompanied by skyrocketing bond yields, triggering an emergency intervention by the Bank of England and a tax reversal by the UK PM The pound slumped to its lowest point against the dollar accompanied by skyrocketing bond yields, triggering an emergency intervention by the Bank of […]
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The Bank of England said it would delay the start of a programme to sell down its 838 billion pounds of government bond holdings, which had been due to begin next week The Bank of England said it would delay the start of a programme to sell down its 838 billion pounds of government bond […]
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The rise in Britain’s consumer price inflation was above economists’ expectations in a Reuters poll for inflation to rise to 9.8% in July The rise in Britain’s consumer price inflation was above economists’ expectations in a Reuters poll for inflation to rise to 9.8% in July British consumer price inflation rose to 10.1% in July, […]
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The ONS estimated that this was the highest level since 1982, while it was the fastest measured rate since the data series began in 1989 The ONS estimated that this was the highest level since 1982, while it was the fastest measured rate since the data series began in 1989 Britain’s annual inflation rate surged […]
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